Tag: gst
How to tax popcorn? India’s formula sparks outrage against GST system
India’s move to tax popcorn differently based on its sugar or spice content has drawn criticism from the opposition and sparked social media outrage, with…
GST Council clears “track and trace” mechanism, cigarettes and pan masala likely first targets
Cigarettes are expected to be among the first products brought under a “track and trace mechanism” aimed at curbing tax evasion, following amendments to the…
What gets cheaper, what is costlier after GST Council meet? Details here
The 55th GST Council meeting, chaired by Union finance minister Nirmala Sitharaman in Jaisalmer, Rajasthan, on Saturday, brought changes affecting the prices of various goods…
GST Council hikes tax on used, old EV cars by businesses; Opposition reacts | Latest News India
The Goods and Services Tax Council, headed by Union finance minister Nirmala Sitharaman and comprising representatives of all states and UTs, on Saturday approved an…
No GST to be paid for penal charges levied by banks on borrowers: Nirmala Sitharaman
Dec 21, 2024 10:10 PM IST The 55th meeting of the GST council In Jaisalmer, Rajasthan also made revisions to rates applied on fortified rice…
GST Decision: Sitharaman announces exemption for payment aggregators processing transactions below Rs 2,000
Finance Minister Nirmala Sitharaman on Saturday provided a significant relief to payment aggregators. While announcing the decision of the 55th GST Council Meeting, she said…
GST Council postpones decision to cut tax on life and health insurance
Dec 21, 2024 01:47 PM IST 18% GST will continue on premiums paid for policies with health insurance cover of over ₹5 lakh. The GST…
Tax panel may consider lowering GST on online food delivery fees, report says
GST Council, chaired by the federal finance minister, may lower the tax on food delivery charges by e-commerce operators to 5% from 18%, CNBC-TV18 reported,…
GST on cigarettes, tobacco, aerated beverages may be hiked to 35 pc; GST Council decision on Dec 21
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…
Up to 75 pc of GST revenue comes from 18 pc slab: MoS Finance
About 70-75 per cent of GST revenues collected in 2023-24 fiscal year came from the 18 per cent slab, while just 5-6 per cent came…