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GST Council's Recommendations: What's Getting Expensive And Cheaper
The 55th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman on Saturday, announced several key recommendations to streamline tax processes and offer relief to individuals and businesses.
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GST Council Increases Tax On Used EV Car Sale By Business
The goods and services tax council on Saturday decided to levy an 18 per cent GST on margin value on the sale of used electric vehicles by businesses and agreed to keep jet fuel (ATF) out of the 'one-nation-one-tax' regime.
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Himachal Invokes Kyoto Protocol To Demand GST Compensation From Centre
The Himachal Pradesh government on Saturday urged the Centre to make some arrangement for hilly states in lieu of the revenue loss due to GST implementation and sought compensation on the pattern of the Kyoto protocol.
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GST Council Approves 'Track And Trace Mechanism' For Evasion-Prone Commodities
In a significant move to plug leakage, the GST Council on Saturday approved a proposal to implement 'Track and Trace Mechanism' for specified evasion-prone commodities.
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Explained: Key Recommendations Of 55th GST Council Meet
From reducing GST rate on fortified rice kernel (FRK) to fully exempt GST on gene therapy, the 55th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman, on Saturday made some key recommendations.
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Jailed Journalist Mahesh Langa Now Sent To Rajkot Cops' Custody In GST Case
Journalist Mahesh Langa, who has been in jail for an alleged Goods and Services Tax scam in Gujarat, has now been sent to Rajkot Police's custody for four days.
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GST Council Exempts Gene Therapy, Cuts Tax Rate For Rice Kernels
Jaisalmer (Rajasthan): Union Finance Minister Nirmala Sitharaman on Saturday announced that the Goods and Services Tax Council has approved the reduction of GST on rice kernels to 5 per cent and exempted life-saving gene therapy from tax.
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5, 12 or 18%? Row Bubbles Up Over GST On Popcorn, Council Clarifies
GST Council on Saturday agreed to issue a clarification on taxation of popcorn, saying that pre-packed and labelled ready-to-eat snacks will attract a 12 per cent tax while an 18 per cent GST will be levied if it is caramelised.
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55th GST Council Meet Defers Decision On Health Insurance Premium Rate Cuts
The Goods and Services Tax (GST) Council on Saturday deferred the decision on rate cuts on life and health insurance premiums, as some more technicalities need to be ironed out.
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Experts Call For Higher 'Sin Tax' On Tobacco Ahead Of GST Council Meet
Ahead of a crucial GST Council meeting on tax rationalisation health and economic experts have called for a higher 'Sin Tax' on tobacco and similar harmful products to curb their consumption and bolster public health and the economy.
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Zomato Gets Rs 803 Crore GST Demand On Delivery Charges, Says Will Appeal
Food delivery aggregator Zomato on Thursday said the GST department in Thane has imposed a tax demand of Rs 803.4 crore, including interest and penalty.
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NMC Extends Date For Submission Of Annual Declaration Form To December 20
Medical colleges/institutions will have to pay a penalty of Rs 20,000 (including GST) by defaulting medical colleges.
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Shaktikanta Das: Man Behind GST, Monetary Response During Covid
Shaktikanta Das, who will demit office as the Governor of the Reserve Bank of India on Tuesday, was the key man behind the planning and execution of the demonetisation drive and rollout of the landmark Goods and Services Tax (GST).
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Stocks Of ITC, Varun Beverages, Godfrey Phillips Decline Amid GST Hike Report
Shares of ITC, Varun Beverages and Godfrey Phillips India ended lower on Tuesday after the Group of Ministers on GST rate rationalisation decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco and related products.
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GST On Cigarettes, Tobacco, Aerated Beverages May Be Hiked To 35%
The GoM on GST rate rationalisation on Monday decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco and related products to 35 per cent from the present 28 per cent, an official said.
-
GST Council's Recommendations: What's Getting Expensive And Cheaper
The 55th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman on Saturday, announced several key recommendations to streamline tax processes and offer relief to individuals and businesses.
-
GST Council Increases Tax On Used EV Car Sale By Business
The goods and services tax council on Saturday decided to levy an 18 per cent GST on margin value on the sale of used electric vehicles by businesses and agreed to keep jet fuel (ATF) out of the 'one-nation-one-tax' regime.
-
Himachal Invokes Kyoto Protocol To Demand GST Compensation From Centre
The Himachal Pradesh government on Saturday urged the Centre to make some arrangement for hilly states in lieu of the revenue loss due to GST implementation and sought compensation on the pattern of the Kyoto protocol.
-
GST Council Approves 'Track And Trace Mechanism' For Evasion-Prone Commodities
In a significant move to plug leakage, the GST Council on Saturday approved a proposal to implement 'Track and Trace Mechanism' for specified evasion-prone commodities.
-
Explained: Key Recommendations Of 55th GST Council Meet
From reducing GST rate on fortified rice kernel (FRK) to fully exempt GST on gene therapy, the 55th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman, on Saturday made some key recommendations.
-
Jailed Journalist Mahesh Langa Now Sent To Rajkot Cops' Custody In GST Case
Journalist Mahesh Langa, who has been in jail for an alleged Goods and Services Tax scam in Gujarat, has now been sent to Rajkot Police's custody for four days.
-
GST Council Exempts Gene Therapy, Cuts Tax Rate For Rice Kernels
Jaisalmer (Rajasthan): Union Finance Minister Nirmala Sitharaman on Saturday announced that the Goods and Services Tax Council has approved the reduction of GST on rice kernels to 5 per cent and exempted life-saving gene therapy from tax.
-
5, 12 or 18%? Row Bubbles Up Over GST On Popcorn, Council Clarifies
GST Council on Saturday agreed to issue a clarification on taxation of popcorn, saying that pre-packed and labelled ready-to-eat snacks will attract a 12 per cent tax while an 18 per cent GST will be levied if it is caramelised.
-
55th GST Council Meet Defers Decision On Health Insurance Premium Rate Cuts
The Goods and Services Tax (GST) Council on Saturday deferred the decision on rate cuts on life and health insurance premiums, as some more technicalities need to be ironed out.
-
Experts Call For Higher 'Sin Tax' On Tobacco Ahead Of GST Council Meet
Ahead of a crucial GST Council meeting on tax rationalisation health and economic experts have called for a higher 'Sin Tax' on tobacco and similar harmful products to curb their consumption and bolster public health and the economy.
-
Zomato Gets Rs 803 Crore GST Demand On Delivery Charges, Says Will Appeal
Food delivery aggregator Zomato on Thursday said the GST department in Thane has imposed a tax demand of Rs 803.4 crore, including interest and penalty.
-
NMC Extends Date For Submission Of Annual Declaration Form To December 20
Medical colleges/institutions will have to pay a penalty of Rs 20,000 (including GST) by defaulting medical colleges.
-
Shaktikanta Das: Man Behind GST, Monetary Response During Covid
Shaktikanta Das, who will demit office as the Governor of the Reserve Bank of India on Tuesday, was the key man behind the planning and execution of the demonetisation drive and rollout of the landmark Goods and Services Tax (GST).
-
Stocks Of ITC, Varun Beverages, Godfrey Phillips Decline Amid GST Hike Report
Shares of ITC, Varun Beverages and Godfrey Phillips India ended lower on Tuesday after the Group of Ministers on GST rate rationalisation decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco and related products.
-
GST On Cigarettes, Tobacco, Aerated Beverages May Be Hiked To 35%
The GoM on GST rate rationalisation on Monday decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco and related products to 35 per cent from the present 28 per cent, an official said.
