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Tobacco, Liquor, Fancy Cars: What Will Cost More As Centre Plans GST Revision
Cigarettes, carbonated drinks, and high-end cars are among items that may become more expensive if a proposal to replace the expiring compensation cess - in the Goods and Services Tax system - with cesses on health and clean energy.
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GST Relief For Middle Class Soon: Cheaper Toothpaste, Utensils, Clothes, Shoes
After a series of income tax concessions earlier this year, the Centre is now preparing to extend relief to middle and lower-income households in the form of a reduction in Goods and Services Tax (GST), sources have said.
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New Tax Rates, UPI And GST: These Things Will Change Starting April 1, 2025
From changes in the tax slabs to the UPI to the launch of the Unified Pension Scheme, here's a complete list of the changes that you can expect.
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GST Rates Will Come Down Further, Says Finance Minister Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Saturday said the GST rates will come down further and the work on rationalising tax rates and slabs has "almost reached a finale".
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6 Major Changes Starting March 1, 2025 That Will Impact You Financially
Starting March 1, 2025, several key changes will impact personal finances, including updates to SEBI nomination rules, LPG cylinder prices, FD interest rates, UPI payment rules, tax adjustments, and GST security enhancements.
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"Not Even One Such Item": Nirmala Sitharaman On Concern Over GST Rise
Finance Minister Nirmala Sitharaman on Tuesday dispelled concerns over a rise in Goods and Services Tax (GST), saying that there is not even one item on which the rate has been increased after the implementation of GST regime.
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Popcorn Sold In Movie Theatres To Attract 5% GST: Sources
Popcorn, in loose form, sold in movie theatres will continue to attract GST at a 5 per cent rate, same as in restaurants, government sources said.
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Different Taxes For Salted And Caramel Popcorn Sparks Meme Fest Online
Following confirmation of three different tax rates for specific types of popcorn, people have taken to social media to share humorous reactions.
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Why Are We Taxing Popcorn Differently? India's New GST Rates Cause Social Media Stir
India's decision to tax popcorn differently based on its sugar or spice content has drawn criticism from the opposition and sparked a reaction on social media, with two former economic advisers questioning the move.
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Explained: Key Recommendations Of 55th GST Council Meet
From reducing GST rate on fortified rice kernel (FRK) to fully exempt GST on gene therapy, the 55th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman, on Saturday made some key recommendations.
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GST Council Exempts Gene Therapy, Cuts Tax Rate For Rice Kernels
Jaisalmer (Rajasthan): Union Finance Minister Nirmala Sitharaman on Saturday announced that the Goods and Services Tax Council has approved the reduction of GST on rice kernels to 5 per cent and exempted life-saving gene therapy from tax.
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55th GST Council Meet Defers Decision On Health Insurance Premium Rate Cuts
The Goods and Services Tax (GST) Council on Saturday deferred the decision on rate cuts on life and health insurance premiums, as some more technicalities need to be ironed out.
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Stocks Of ITC, Varun Beverages, Godfrey Phillips Decline Amid GST Hike Report
Shares of ITC, Varun Beverages and Godfrey Phillips India ended lower on Tuesday after the Group of Ministers on GST rate rationalisation decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco and related products.
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GST On Cigarettes, Tobacco, Aerated Beverages May Be Hiked To 35%
The GoM on GST rate rationalisation on Monday decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco and related products to 35 per cent from the present 28 per cent, an official said.
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Group Of Ministers To Look Into GST Rate Cut Demand On Health Insurance: Nirmala Sitharaman
GST Council headed by Union Finance Minister Nirmala Sitharaman on Monday decided to set up a Group of Ministers (GoM) on reducing tax rate on life and health insurance and cut GST on cancer drugs and namkeens.
-
Tobacco, Liquor, Fancy Cars: What Will Cost More As Centre Plans GST Revision
Cigarettes, carbonated drinks, and high-end cars are among items that may become more expensive if a proposal to replace the expiring compensation cess - in the Goods and Services Tax system - with cesses on health and clean energy.
-
GST Relief For Middle Class Soon: Cheaper Toothpaste, Utensils, Clothes, Shoes
After a series of income tax concessions earlier this year, the Centre is now preparing to extend relief to middle and lower-income households in the form of a reduction in Goods and Services Tax (GST), sources have said.
-
New Tax Rates, UPI And GST: These Things Will Change Starting April 1, 2025
From changes in the tax slabs to the UPI to the launch of the Unified Pension Scheme, here's a complete list of the changes that you can expect.
-
GST Rates Will Come Down Further, Says Finance Minister Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Saturday said the GST rates will come down further and the work on rationalising tax rates and slabs has "almost reached a finale".
-
6 Major Changes Starting March 1, 2025 That Will Impact You Financially
Starting March 1, 2025, several key changes will impact personal finances, including updates to SEBI nomination rules, LPG cylinder prices, FD interest rates, UPI payment rules, tax adjustments, and GST security enhancements.
-
"Not Even One Such Item": Nirmala Sitharaman On Concern Over GST Rise
Finance Minister Nirmala Sitharaman on Tuesday dispelled concerns over a rise in Goods and Services Tax (GST), saying that there is not even one item on which the rate has been increased after the implementation of GST regime.
-
Popcorn Sold In Movie Theatres To Attract 5% GST: Sources
Popcorn, in loose form, sold in movie theatres will continue to attract GST at a 5 per cent rate, same as in restaurants, government sources said.
-
Different Taxes For Salted And Caramel Popcorn Sparks Meme Fest Online
Following confirmation of three different tax rates for specific types of popcorn, people have taken to social media to share humorous reactions.
-
Why Are We Taxing Popcorn Differently? India's New GST Rates Cause Social Media Stir
India's decision to tax popcorn differently based on its sugar or spice content has drawn criticism from the opposition and sparked a reaction on social media, with two former economic advisers questioning the move.
-
Explained: Key Recommendations Of 55th GST Council Meet
From reducing GST rate on fortified rice kernel (FRK) to fully exempt GST on gene therapy, the 55th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman, on Saturday made some key recommendations.
-
GST Council Exempts Gene Therapy, Cuts Tax Rate For Rice Kernels
Jaisalmer (Rajasthan): Union Finance Minister Nirmala Sitharaman on Saturday announced that the Goods and Services Tax Council has approved the reduction of GST on rice kernels to 5 per cent and exempted life-saving gene therapy from tax.
-
55th GST Council Meet Defers Decision On Health Insurance Premium Rate Cuts
The Goods and Services Tax (GST) Council on Saturday deferred the decision on rate cuts on life and health insurance premiums, as some more technicalities need to be ironed out.
-
Stocks Of ITC, Varun Beverages, Godfrey Phillips Decline Amid GST Hike Report
Shares of ITC, Varun Beverages and Godfrey Phillips India ended lower on Tuesday after the Group of Ministers on GST rate rationalisation decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco and related products.
-
GST On Cigarettes, Tobacco, Aerated Beverages May Be Hiked To 35%
The GoM on GST rate rationalisation on Monday decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco and related products to 35 per cent from the present 28 per cent, an official said.
-
Group Of Ministers To Look Into GST Rate Cut Demand On Health Insurance: Nirmala Sitharaman
GST Council headed by Union Finance Minister Nirmala Sitharaman on Monday decided to set up a Group of Ministers (GoM) on reducing tax rate on life and health insurance and cut GST on cancer drugs and namkeens.
