5 ITEMS THAT MAY SEE TAX TWEAKS
  • 03 Dec 2024 06:57 PM
  • New

5 ITEMS THAT MAY SEE TAX TWEAKS

Source: https://www.livemint.com/web-stories/cigarettes-soft-drinks-more-5-items-that-may-see-tax-tweaks-visual-story-11733212044531.html

TOBACCO PRODUCTS
The GST on cigarettes, tobacco, and related items may rise to a proposed 35% from the current 28%, targeting higher revenue from demerit goods.

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ITC, Godfrey Phillips, Varun Beverages shares slip on report of likely GST hike on cigarettes, tobacco, aerated drinks
  • 03 Dec 2024 06:59 PM
  • New

ITC, Godfrey Phillips, Varun Beverages shares slip on report of likely GST hike on cigarettes, tobacco, aerated drinks

Source: https://www.livemint.com/market/stock-market-news/itc-godfrey-phillips-varun-beverages-shares-slip-on-reports-of-likely-gst-hike-on-cigarettes-tobacco-aerated-beverag-11733216422714.html

Varun Beverages share price plunged as much as 5.18%, ITC stock price declined 3%, Godfrey Phillips India shares declined as much as 3.16%, while VST Industries stock fell 2.27% during Tuesday’s trading.

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Economy News Today highlights on December 2, 2024: GST on cigarettes, tobacco, aerated beverages likely to be hiked: Here's what we know
  • 03 Dec 2024 06:40 PM
  • New

Economy News Today highlights on December 2, 2024: GST on cigarettes, tobacco, aerated beverages likely to be hiked: Here's what we know

Source: https://www.livemint.com/economy/latest-economy-news-today-live-updates-december-2-2024-11733097023201.html

Economy News Today highlights on December 2, 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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GST on cigarettes, tobacco, aerated beverages likely to be hiked, new 35% slab proposed: Here’s what we know
  • 03 Dec 2024 06:44 PM

GST on cigarettes, tobacco, aerated beverages likely to be hiked, new 35% slab proposed: Here’s what we know

Source: https://www.livemint.com/economy/gst-on-cigarettes-tobacco-aerated-beverages-likely-to-be-hiked-heres-what-we-know-11733158888876.html

The Group of Ministers on rate rationalisation has finalised its report, which will be presented to the GST Council, PTI reported. The GoM will likely propose a tax hike on cigarettes, tobacco, and aerated beverages, as per the report.

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GST collection for November rises by 8.5% to ₹1.82 trillion
  • 02 Dec 2024 07:06 PM

GST collection for November rises by 8.5% to ₹1.82 trillion

Source: https://www.livemint.com/economy/gst-collection-for-november-rises-by-8-5-to-rs-1-82-lakh-crore-11733058102673.html

The uptick in GST collections driven by festive demand had been anticipated by policymakers, who remain optimistic about sustained growth in rural consumption and an improvement in urban demand.

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Top News on Dec 1: GST collection rises, Andhra dissolves Waqf board, Kejriwal rules out alliance in Delhi polls, more
  • 02 Dec 2024 07:09 PM

Top News on Dec 1: GST collection rises, Andhra dissolves Waqf board, Kejriwal rules out alliance in Delhi polls, more

Source: https://www.livemint.com/news/india/top-news-on-dec-1-gst-collection-andhra-govt-dissolves-waqf-board-kejriwal-maoists-killed-trump-pick-kash-patel-fbi-11733063713847.html

Top News on Dec 1: From increase in GST collection to Andhra govt dissolving Waqf board to killing of 7 Maoists to Donald Trump picking loyalist Kash Patel as his new FBI director, here are today's top stories.

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Economy News Today highlights on December 1, 2024: GST collection for November rises by 8.5% to ₹1.82 lakh crore
  • 02 Dec 2024 06:56 PM

Economy News Today highlights on December 1, 2024: GST collection for November rises by 8.5% to ₹1.82 lakh crore

Source: https://www.livemint.com/economy/latest-economy-news-today-live-updates-december-1-2024-11733027107878.html

Economy News Today highlights on December 1, 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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Petroleum ministry recommends GST on natural gas
  • 29 Nov 2024 05:40 PM

Petroleum ministry recommends GST on natural gas

Source: https://www.livemint.com/politics/policy/gst-gst-council-meeting-petroleum-ministry-gst-on-natural-gas-gst-on-petrol-gst-on-diesel-gst-on-atf-vat-11732783972092.html

Summary
It has not yet been decided whether it will be part of the agenda of the GST Council’s next meeting scheduled in December
The petroleum and natural gas ministry has recommended the inclusion of natural gas in the goods and services tax (GST) framework to the finance ministry, an official aware of the development said on Thursday.

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