Tag: gst council
In preparation for GST rate rationalisation, product categories’ fine-tuning begins
Ahead of the goods and services tax rate rationalisation exercise, the Central Board of Indirect Taxes and Customs has initiated a process of overhauling the…
Infosys says Karnataka authorities have withdrawn ₹32,403 crore GST tax notice
Aug 02, 2024 08:48 AM IST Infosys GST claim: The IT company said that GST payments are eligible for credit or refund against the export…
input tax credit: GST Council likely to clarify premium on life insurance
(This story originally appeared in on Oct 09, 2023) NEW DELHI: The GST Council will soon provide clarity on input tax credit for life insurers,…
Want to pay lower GST? Don’t buy popcorn with movie ticket
(This story originally appeared in on Jul 13, 2023) NEW DELHI: Next time you plan to go to a theatre, make sure you don’t go…
artificial intelligence: Space startups, industry bodies welcome GST exemption for satellite launch services
The Indian private sector on Wednesday welcomed the government’s decision to exempt satellite launch services by private organisations from GST, saying the move will help…
‘Why Kohli, Dhoni endorsed online gaming?’ Ashneer on 28% GST: ‘Sab doglapan…’
BhartPe founder Ashneer Grover unleashed a blistering attack on the GST council’s decision recommending a 28% tax, the highest slab, on online gaming. With no…
GST shocker for MUVs, online gaming, casinos
All kinds of multi-utility vehicles (MUVs) with length exceeding 4 metres, engine capacity of over 1,500cc, and more than 170mm ground clearance will become costlier,…
online gaming: Online gaming companies say only illegal platforms will gain from 28% GST
The decision of the GST Council to impose a 28% tax on the full face value for online gaming could result in users migrating to…
GST Council meeting: List of goods and services to get cheaper, costlier
With the all-powerful GST Council agreeing to a slew of proposals at its 50th meeting on Tuesday, some items and services are set to be…
Food in cinema halls to be cheaper after GST council agrees to tax cut
The goods and services tax (GST) Council on Tuesday agreed to a slew of proposals at its 50th meeting, including slashing the tax on food…