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.
Read MoreA 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.
Read MoreA comedian suggested taxing podcasts in a humorous social media post, proposing measures like a 28 per cent talk reduction and a facial expression tax. Gaurav Kapoor's amusing ideas sparked discussions online.
Read MoreThe 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%.
Read MoreGST on selling old cars FAQs: The recent hike in GST on used cars from 12% to 18% has stirred discussions about its implications for buyers and dealers. Will this increase lead to higher prices, and how will it impact the thriving used car market? Dive into the details to find out.
Read MoreGST on popcorn: Amid frequent discussions around tax treatment on different products of popcorn, here is a detailed analysis of how much tax you will have to pay while purchasing the item in movie theatres.
Read MoreThe 18 per cent GST would not be applicable if an individual sells old and used car to another individual. If a GST registered person has claimed depreciation, the tax is payable only on the value representing the margin.
Read MoreIn a witty take on India's revised GST slabs, Instagram influencer Radha mocks the tax system with humor and satire. Her viral video, portraying Finance Minister Nirmala Sitharaman, highlights the absurdity of potential taxes, leaving viewers amused and questioning the limits of taxation.
Read MoreThe 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%.
Read MoreINDIA-ECONOMY-TAX-POPCORN:How to tax popcorn? India's formula sparks outrage against GST system
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