[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: 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 Meeting Live Updates: Insurance talks deferred over lack of consensus
[ad_1] 55th GST Council Meeting Live Updates: Proposals to reduce GST rates on insurance premiums are on the table, while increases for luxury and sin goods are likely. A critical agenda item is the potential inclusion of ATF under GST, which could standardise taxation and allow airlines to claim input tax credit (ITC). GST Council […]