Cab Unions Urge Reconsideration of Proposed GST on Subscription-Based Earnings to Protect Livelihoods
  • 06 Jan 2025 06:21 PM
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Still not packaged well: GST adds to manufacturing woes, calls for simplification grows
  • 03 Jan 2025 06:20 PM
  • New

Still not packaged well: GST adds to manufacturing woes, calls for simplification grows

Source: https://economictimes.indiatimes.com/small-biz/gst/still-not-packaged-well-gst-adds-to-manufacturing-woes-calls-for-simplification-grows/articleshow/116903716.cms

Late in December 2024, the munchy popcorn found itself in the spotlight amid different tax rates proposed by the GST Council based on its sugar or salt component. As per the clarification, the GST rate on popcorn mixed with salt and spices will be 5%, while it will be 12% on prepackaged and labelled popcorn and 18% on caramelised popcorn.

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Stock market today: Sensex, Nifty 50 surge nearly 2% each. What’s behind the rally? Explained with 5 reasons
  • 02 Jan 2025 06:17 PM

Stock market today: Sensex, Nifty 50 surge nearly 2% each. What’s behind the rally? Explained with 5 reasons

Source: https://www.livemint.com/market/stock-market-news/stock-market-today-sensex-surges-1-000-points-nifty-tops-24-000-whats-behind-the-rally-explained-with-5-reasons-11735801496273.html

The equity benchmark indices continued their upward trend for the second day in a row, with the Sensex rising by 1,436 points to close at 79,944, and the Nifty climbing 446 points to 24,189.

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GST collection rises 7.3% to ₹1.77 lakh crore in December 2024
  • 01 Jan 2025 05:59 PM

GST collection rises 7.3% to ₹1.77 lakh crore in December 2024

Source: https://www.livemint.com/economy/gst-collection-rises-7-3-to-rs-1-77-lakh-crore-in-december-2024-11735726437150.html

The total gross GST revenue grew 7.3 per cent to ₹1.77 lakh crore in December as compared to ₹1.65 lakh crore in the same month a year ago

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Businesses need to brace for tougher regulatory landscape in 2025
  • 30 Dec 2024 05:56 PM

Businesses need to brace for tougher regulatory landscape in 2025

Source: https://www.livemint.com/industry/businesses-brace-for-tougher-regulatory-landscape-in-2025-sebi-cci-ccpa-ibbi-ibc-gst-tax-nclt-11734604035787.html

Corporations must brace for heightened regulatory scrutiny in 2025 with various regulators preparing to enforce stricter oversight and actions.

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Orry takes a dig at 18% GST on caramel popcorn, says ‘I am 18% GST’ | WATCH
  • 28 Dec 2024 06:50 PM

Orry takes a dig at 18% GST on caramel popcorn, says ‘I am 18% GST’ | WATCH

Source: https://www.livemint.com/news/trends/orry-takes-a-dig-at-18-gst-on-caramel-popcorn-says-i-am-18-gst-watch-11735378721665.html

Social media influencer Orhan Awatramani, popularly known as Orry, takes a dig at the GST Council's decision to tax caramelised popcorn at a higher tax bracket. Netizens reacted as they found the influencer's posts hilarious. Watch…

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CBI Arrests CGST Inspector in Bribery Case
  • 28 Dec 2024 06:54 PM

CBI Arrests CGST Inspector in Bribery Case

Source: https://taxguru.in/goods-and-service-tax/cbi-arrests-cgst-inspector-bribery-case.html

Bribery Case: CGST Inspector and Private Firm Representative Arrested: The Central Bureau of Investigation (CBI) arrested a CGST Inspector from the Tirupati GST Commissionerate and a representative of a Chittoor-based private firm for accepting a Rs. 3.2 lakh bribe. The arrests followed allegations of public servants demanding illegal payments in exchange for favorable treatment during inspections of firms and establishments.

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The week in charts: Informal jobs, GST tangle, export reset
  • 28 Dec 2024 06:47 PM

The week in charts: Informal jobs, GST tangle, export reset

Source: https://www.livemint.com/economy/week-in-charts-informal-jobs-gst-on-popcorn-export-reset-stock-market-ipo-forest-cover-11735203277092.html

A new report released this week showed job creation had slowed in the informal sector in 2023-24. Meanwhile, the Indian stock market this month is seeing the second-worst December performance in a decade and the GST council’s decision to tax popcorn differently has kicked up a storm.

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GST on used vehicles apply differently on businesses
  • 26 Dec 2024 05:55 PM

GST on used vehicles apply differently on businesses

Source: https://www.livemint.com/auto-news/gst-council-used-vehicles-sale-tax-rate-electric-vehicles-income-tax-act-depreciation-11735124571903.html

The GST Council last week recommended harmonizing the tax rate on used cars at 18%, which meant the rate for used small cars, including electric vehicles moved up from 12%.

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