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

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
  • New

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 podcasts, tax for Reels? Standup comedian’s hilarious suggestions leave social media amused
  • 26 Dec 2024 05:59 PM
  • New

GST on podcasts, tax for Reels? Standup comedian’s hilarious suggestions leave social media amused

Source: https://www.livemint.com/news/trends/gst-on-podcasts-tax-for-reels-standup-comedians-hilarious-suggestions-leave-social-media-amused-11735137593061.html

A 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.

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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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GST on selling old cars FAQs: From impact on dealers and individuals to tax calculation—all your questions answered
  • 26 Dec 2024 06:02 PM

GST on selling old cars FAQs: From impact on dealers and individuals to tax calculation—all your questions answered

Source: https://www.livemint.com/money/personal-finance/gst-on-used-cars-faqs-from-impact-on-dealers-and-individuals-to-tax-calculation-all-your-questions-answered-11735185414246.html

GST 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.

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GST on popcorn decoded: How much tax will you pay for the snack in movie theatres?
  • 25 Dec 2024 06:13 PM

GST on popcorn decoded: How much tax will you pay for the snack in movie theatres?

Source: https://www.livemint.com/money/personal-finance/gst-on-popcorn-decoded-how-much-tax-will-you-pay-for-the-snack-in-movie-theatres-salted-caramel-nirmala-sitharaman-11735112947508.html

GST 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.

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GST on selling old cars: How does 18% tax on used vehicles affect you? Explained
  • 25 Dec 2024 05:58 PM

GST on selling old cars: How does 18% tax on used vehicles affect you? Explained

Source: https://www.livemint.com/money/personal-finance/gst-on-selling-old-cars-how-does-18-tax-on-used-vehicles-affect-you-explained-11735102546631.html

The 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.

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Viral video: Instagram influencer’s humorous take on GST hike leaves netizens in splits
  • 24 Dec 2024 06:11 PM

Viral video: Instagram influencer’s humorous take on GST hike leaves netizens in splits

Source: https://www.livemint.com/news/trends/viral-video-instagram-influencers-humorous-take-on-gst-hike-leaves-netizens-in-splits-11735027706022.html

In 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.

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Taxing times: Used cars platforms headed for a bumpy ride on GST hike
  • 24 Dec 2024 05:56 PM

Taxing times: Used cars platforms headed for a bumpy ride on GST hike

Source: https://www.livemint.com/companies/start-ups/gst-council-used-cars-platforms-gst-hike-12-to-18-small-cars-evs-11734945771928.html

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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