[ad_1] Finance Minister Nirmala Sitharaman provided an important update on the government’s efforts to simplify the Goods and Services Tax (GST) system, revealing that the government is nearing a final decision on reducing GST rates and rationalising tax slabs. Speaking at the ET Awards event, she said that the government is is very close to […]
Niva Bupa aims for faster growth amid market potential & GST changes – CNBC TV18
[ad_1] The Indian health insurance market has significant growth potential, and Niva Bupa Health Insurance Company aims to expand 8-10% faster than the market over the next five years, said MD & CEO Krishnan Ramachandran. He expects the sector to grow at a 15% compounded annual growth rate (CAGR). Ramachandran emphasised that the industry has […]
IRDAI initiates industry consultation on GST rate for insurance sector – CNBC TV18
[ad_1] The Insurance Regulatory and Development Authority of India (IRDAI) is holding talks with the insurance industry to determine the optimal Goods and Services Tax (GST) rate that would allow companies to pass on tax benefits to policyholders, sources told CNBC-TV18. Company Value Change %Change Life and health insurance companies are expected to present their […]
Top stories | Markets rebound after worst week, decoding GST Council decisions, Dhaka seeks Hasina’s extradition and more – CNBC TV18
[ad_1] After experiencing the worst week of 2024, the Indian markets made a strong rebound today, with Sensex and Nifty closing higher, supported by heavyweights like Reliance Industries and ITC. The Indian rupee continued its slide, hitting another record low against the dollar, having depreciated 2% so far this year. Company Value Change %Change On […]
GST Council clarifies tax on popcorn: 5% for ready-to-eat, 12% for pre-packaged, 18% for caramel – CNBC TV18
[ad_1] The 55th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman in Jaisalmer, Rajasthan, has issued a clarification on the taxability of popcorn. Company Value Change %Change According to the clarification, ready-to-eat popcorn is taxed at 5%, pre-packaged popcorn is subject to a 12% GST, and caramel popcorn attract an 18% GST. The […]
GST Council: Used EVs bought by companies or modified and sold by sellers to be taxed at 18% on margin value, says FM – CNBC TV18
[ad_1] The 55th GST Council meeting on Saturday (December 21) outlined the Goods and Services Tax (GST) structure for electric vehicles (EVs). Finance Minister Nirmala Sitharaman said that new EVs attract a 5% GST and the Council aims to promote the adoption of electric vehicles. In a key clarification, Sitharaman stated that used EVs will […]
GST Council meet: No change in ATF taxation and no GoM appointed, confirms FM – CNBC TV18
[ad_1] The proposal to include Aviation Turbine Fuel (ATF) under the Goods and Services Tax (GST) met with resistance from several states during the 55th GST Council meeting held in Jaisalmer. Finance Minister Nirmala Sitharaman confirmed that no Group of Ministers (GoM) would be appointed and that no changes would be made to the current […]
GoM on rate rationalisation defers report, FM Sitharaman cautions against speculation – CNBC TV18
[ad_1] Union Finance Minister Nirmala Sitharaman on Saturday (December 21) said the Group of Ministers (GoM) on GST rate rationalisation has postponed the submission of its report. Company Value Change %Change “Please don’t indulge in speculation on rate rationalisation as no decision has been taken. GST council appreciates GoM views on why decision on rate […]
GST Council meet: FM clarifies exemptions for payment aggregators; no GST on loan penal charges – CNBC TV18
[ad_1] The GST Council, during its 55th meeting in Jaisalmer, addressed several key issues related to the financial sector. Finance Minister Nirmala Sitharaman clarified that payment aggregators handling transactions below ₹2,000 get GST exemptions. Company Value Change %Change However, this exemption does not extend to payment gateways or fintech services. Additionally, Sitharaman announced that no […]
GST Council defers proposal to cut tax on food delivery charges via e-commerce platforms: Sources – CNBC TV18
[ad_1] The GST Council has deferred the proposal to reduce GST on delivery charges for food delivery via e-commerce platforms, sources informed CNBC TV18. The proposal, which was expected to provide some relief to the food delivery industry, was put on hold for further discussions. Company Value Change %Change In other GST-related updates, the Council […]