[ad_1] #LatestNews Company Value Change %Change GST council decisions, Sensex rejig, IPO action, and more to drive markets this week Indian equities wrapped up their worst week of 2024, with the Sensex and Nifty50 tumbling nearly 5% amid a global sell-off triggered by hawkish comments from the US Federal Reserve. The Sensex sank 1,176.46 points […]
GST Council update | What changes, what remains: Key decisions from the 55th meeting – CNBC TV18
[ad_1] 1 / 13 Reduced compensation cess on exports | The GST Council decided to reduce the compensation cess on supplies to merchant exporters to 0.1%. This is expected to improve working capital for exporters. 2 / 13 EVs and tax clarifications | The Council confirmed that new electric vehicles (EVs) will attract a 5% […]
GST Council meet: Experts call for timely GST decisions on insurance, ATF and used cars – CNBC TV18
[ad_1] As the 55th GST Council meeting concluded in Jaisalmer, Rajasthan, experts weighed in on the key issues discussed, particularly the deferral of decisions on insurance tax rates and the proposed GST hike on used cars. Company Value Change %Change Nilesh Sathe, a former member of IRDAI, expressed disappointment at the delay in reducing GST […]
GST Council meet: FM announces reduced cess for merchant exporters and lower GST on fortified rice kernels – CNBC TV18
[ad_1] The 55th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, made some announcements aimed at easing the burden on exporters. Company Value Change %Change In order to support the export sector, the GST Council has reduced the compensation cess on supplies to merchant exporters to 0.1%. This reduction is expected to provide exporters […]
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 […]
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 […]
GST Council meet: Proposal for exemption of GST on life and health insurance deferred – CNBC TV18
[ad_1] The Goods and Services Tax (GST) Council on Monday (September 9) deferred the proposal to exempt life and health insurance from GST. Sources informed CNBC-TV18 that this matter will be revisited in the next meeting, with more data and analysis expected. The proposal has been handed over to the Group of Ministers (GoM) on […]
GST Council may discuss insurance premiums today: Insurance stocks show mixed trend ahead of meeting – CNBC TV18
[ad_1] Some insurance stocks are trading in the green on Monday (September 9) as the Goods & Services Tax (GST) Council is expected to review the rates on insurance premiums. Speculation about potential GST rate cuts on insurance may have fueled optimism. Among the top gainers, SBI Life climbed nearly 2%, HDFC Life advanced by […]