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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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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.
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"Leave India": Entrepreneur Criticises Innovation Barriers, Popcorn Taxes
An Indian entrepreneur and startup founder has advised "high-salaried individuals" to "leave India", claiming the country stifles innovation.
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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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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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Maharashtra Value Added Tax Act 2002 (Amendment) Bill, 2024 Passed By Legislature
The Maharashtra Value Added Tax Act 2002 (Amendment) Bill, 2024, was passed by both houses of the legislature on Thursday.
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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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"If They Tax Us, We Tax Them": Trump Threatens India With Reciprocal Tariff
US President-elect Donald Trump has reiterated his intention to impose reciprocal tariffs in retaliation for the "high tariff" imposed by New Delhi on import of certain American products.
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ITR Advance Tax Deadline Today: Who Needs To Pay, How To Avoid Penalties
Advance tax is a system where taxpayers pay their income tax liability in installments throughout the financial year, instead of a lump sum at the end.
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India Must Impose More Tax On Its Super-Rich People: French Economist
India should do more to tax its super-rich given its high levels of inequality, French economist and author Thomas Piketty said on Friday.
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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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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.
-
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.
-
"Leave India": Entrepreneur Criticises Innovation Barriers, Popcorn Taxes
An Indian entrepreneur and startup founder has advised "high-salaried individuals" to "leave India", claiming the country stifles innovation.
-
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.
-
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.
-
Maharashtra Value Added Tax Act 2002 (Amendment) Bill, 2024 Passed By Legislature
The Maharashtra Value Added Tax Act 2002 (Amendment) Bill, 2024, was passed by both houses of the legislature on Thursday.
-
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.
-
"If They Tax Us, We Tax Them": Trump Threatens India With Reciprocal Tariff
US President-elect Donald Trump has reiterated his intention to impose reciprocal tariffs in retaliation for the "high tariff" imposed by New Delhi on import of certain American products.
-
ITR Advance Tax Deadline Today: Who Needs To Pay, How To Avoid Penalties
Advance tax is a system where taxpayers pay their income tax liability in installments throughout the financial year, instead of a lump sum at the end.
-
India Must Impose More Tax On Its Super-Rich People: French Economist
India should do more to tax its super-rich given its high levels of inequality, French economist and author Thomas Piketty said on Friday.
-
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.
