[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 defers decision on tax cuts on insurance premia due to lack of consensus – CNBC TV18
[ad_1] The 55th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, is underway in Jaisalmer, Rajasthan. Sources reveal that discussions on the Group of Ministers’ (GoM) report regarding GST rates for the insurance sector have been deferred. Company Value Change %Change Bihar Deputy Chief Minister Samrat Chowdhary said that differences among GoM members led […]
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 […]