- 24 Dec 2024 06:03 PM
- New
Tax burden on corporate sponsorships eased
The Council’s decision to shift the onus of remitting tax on sponsorship deals from the donor is set to enable the latter to lower its overall tax liability
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- 24 Dec 2024 05:56 PM
- New
Taxing times: Used cars platforms headed for a bumpy ride on GST hike
The Goods and Services Tax Council on Saturday decided to increase taxes on the margins of the supplier on sale of small used cars, including EVs, from 12% to 18%.
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- 23 Dec 2024 06:02 PM
- New
GST Council decisions likely to impact market; auto, insurance stocks to be in focus today, December 23
Union Finance Minister Nirmala Sitharaman announced a GST rate hike for second-hand automobiles, including electric vehicles, and deferred the decision on rate cuts on insurance premiums. As the stock market opens on Monday, December 23, insurance and auto stocks will remain in focus.
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- 23 Dec 2024 06:07 PM
Mint Quick Edit | Don’t over-roast popcorn with GST
Three different tax rates on popcorn grabbed public attention after Saturday’s GST Council meeting. Why is an indirect tax trying to do what direct taxation is meant for?
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- 23 Dec 2024 06:15 PM
Indian stock market: 10 key things that changed for market over weekend - Gift Nifty, US inflation to GST Council meet
Indian stock market: Gift Nifty was trading around 23,790 level, a premium of nearly 165 points from the Nifty futures’ previous close, indicating a gap-up start for the Indian stock market indices.
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- 21 Dec 2024 06:41 PM
GST Council 55th Meeting in Jaisalmer: FM Nirmala Sitharaman to discuss potential revisions in insurance, aviation taxes
The inclusion of ATF under GST, if approved, could bring uniformity in taxation across states and allow airlines to claim input tax credit (ITC) on fuel purchases—addressing a long-standing demand from the aviation sector.
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- 21 Dec 2024 06:32 PM
Economy News Today Live Updates on December 21, 2024: GST Council Meeting Highlights: Nirmala Sitharaman defers decision on insurance tax, sweet popcorn to attract 18% tax
Economy News Today Live Updates on December 21, 2024: From key announcements to major events impacting the micro and macro economy of the country and the world, this platform provides you with all the latest updates on the economy.
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- 21 Dec 2024 06:45 PM
GST Council defers decision on lowering tax on health, life insurance premiums
GST Council's move enables state finance ministers and officials from the central and state governments to deliberate on these further.
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- 20 Dec 2024 06:21 PM
City gas distribution stocks climb the wall of worry
State-owned city gas distribution (CGD) firms are bracing for a decline in earnings in the December quarter (Q3FY25). Blame the recent 36% average supply cut in cheaper natural gas allocated by the government. However, the rebound in CGD stocks suggests that investors are overlooking the immediate earnings hit, betting instead on the anticipated inclusion of natural gas under the Goods and Services Tax (GST).
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- 20 Dec 2024 06:34 PM
GST rate overhaul to face tough review amid tepid urban demand and inflation worries
Source: https://www.livemint.com/economy/gst-council-urban-demand-retail-inflation-11734688691730.html
JAISALMER : Inflation and consumer appetite for purchases are two considerations that are expected to weigh on the Goods and Services Tax Council when it examines a ministerial group's recommendations for further hikes in the indirect tax, threepersons informed about the development said.
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