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6 Major Changes Starting March 1, 2025 That Will Impact You Financially
Starting March 1, 2025, several key changes will impact personal finances, including updates to SEBI nomination rules, LPG cylinder prices, FD interest rates, UPI payment rules, tax adjustments, and GST security enhancements.
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Google Pay Reportedly Levies Convenience Fees on Bill Payments via Credit and Debit Cards
Google Pay is now levying convenience fees on bill payments made via credit and debit cards, according to a report. Until now, the unified payments interface (UPI) platform was charging users Rs. 3 as a service fee on mobile recharges. However, it will now reportedly also levy a charge, in addition to the goods and service tax (GST), on utility bil...
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"Not Even One Such Item": Nirmala Sitharaman On Concern Over GST Rise
Finance Minister Nirmala Sitharaman on Tuesday dispelled concerns over a rise in Goods and Services Tax (GST), saying that there is not even one item on which the rate has been increased after the implementation of GST regime.
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GST Portal Seeks Extension For Filing Return As Portal Faces Technical Glitch
The GST Network has sought an extension for filing GST sales returns after it flagged a technical glitch in its system to the Central Board of Indirect Taxes and Customs.
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Supreme Court Stays GST Notices Worth Over Rs 1 Lakh Crore Against Gaming Firms
The Supreme Court on Friday stayed showcause notices issued by GST authorities worth over Rs 1 lakh crore to online gaming companies and casinos over alleged tax evasion.
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Panipuri Vendor Gets GST Notice After Earning Rs 40 Lakh, Internet Divided
A pani puri vendor from Tamil Nadu has come under the Goods and Services Tax (GST) authorities' scanner after reportedly receiving online payments amounting to Rs 40 lakh during the 2023-24 financial year.
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Debunked: Increased Tax On Used Small Cars, EVs To Not Impact Individuals
In a recent development, the GST Council of India has increased the GST on small used cars and EVs from 12 to 18%. Here's how it will affect buyers.
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Different Taxes For Salted And Caramel Popcorn Sparks Meme Fest Online
Following confirmation of three different tax rates for specific types of popcorn, people have taken to social media to share humorous reactions.
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How To Tax Popcorn? Government's GST Formula Sparks Debate
Centre's move to tax popcorn differently based on its sugar or spice content has sparked a debate, with two former government economic advisers questioning the tax system introduced in 2017.
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Why Are We Taxing Popcorn Differently? India's New GST Rates Cause Social Media Stir
India's decision to tax popcorn differently based on its sugar or spice content has drawn criticism from the opposition and sparked a reaction on social media, with two former economic advisers questioning the move.
-
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.
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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.
-
6 Major Changes Starting March 1, 2025 That Will Impact You Financially
Starting March 1, 2025, several key changes will impact personal finances, including updates to SEBI nomination rules, LPG cylinder prices, FD interest rates, UPI payment rules, tax adjustments, and GST security enhancements.
-
Google Pay Reportedly Levies Convenience Fees on Bill Payments via Credit and Debit Cards
Google Pay is now levying convenience fees on bill payments made via credit and debit cards, according to a report. Until now, the unified payments interface (UPI) platform was charging users Rs. 3 as a service fee on mobile recharges. However, it will now reportedly also levy a charge, in addition to the goods and service tax (GST), on utility bil...
-
"Not Even One Such Item": Nirmala Sitharaman On Concern Over GST Rise
Finance Minister Nirmala Sitharaman on Tuesday dispelled concerns over a rise in Goods and Services Tax (GST), saying that there is not even one item on which the rate has been increased after the implementation of GST regime.
-
GST Portal Seeks Extension For Filing Return As Portal Faces Technical Glitch
The GST Network has sought an extension for filing GST sales returns after it flagged a technical glitch in its system to the Central Board of Indirect Taxes and Customs.
-
Supreme Court Stays GST Notices Worth Over Rs 1 Lakh Crore Against Gaming Firms
The Supreme Court on Friday stayed showcause notices issued by GST authorities worth over Rs 1 lakh crore to online gaming companies and casinos over alleged tax evasion.
-
Panipuri Vendor Gets GST Notice After Earning Rs 40 Lakh, Internet Divided
A pani puri vendor from Tamil Nadu has come under the Goods and Services Tax (GST) authorities' scanner after reportedly receiving online payments amounting to Rs 40 lakh during the 2023-24 financial year.
-
Debunked: Increased Tax On Used Small Cars, EVs To Not Impact Individuals
In a recent development, the GST Council of India has increased the GST on small used cars and EVs from 12 to 18%. Here's how it will affect buyers.
-
Different Taxes For Salted And Caramel Popcorn Sparks Meme Fest Online
Following confirmation of three different tax rates for specific types of popcorn, people have taken to social media to share humorous reactions.
-
How To Tax Popcorn? Government's GST Formula Sparks Debate
Centre's move to tax popcorn differently based on its sugar or spice content has sparked a debate, with two former government economic advisers questioning the tax system introduced in 2017.
-
Why Are We Taxing Popcorn Differently? India's New GST Rates Cause Social Media Stir
India's decision to tax popcorn differently based on its sugar or spice content has drawn criticism from the opposition and sparked a reaction on social media, with two former economic advisers questioning the move.
-
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.
-
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.
