Presently, the GST system has 4 tax tiers of 5, 12, 18, and 28 %. (AI picture) New GST tax charges quickly! Come this Diwali, you’ll have to pay a lot decrease oblique taxes on a number of gadgets of every day use, because of next-generation Items and Providers Tax (GST) reforms set to be…
Picture Supply : PTI/FILE Finance Minister Nirmala Sitharaman led GST Council elevated tax on used vehicles The fifty fifth Items and Companies Tax Council (GST) Council assembly concluded on Saturday accepted to raise slab for promoting/shopping for previous automotive. As per the choice, the speed has been elevated from 12 per cent to 18 per…
Picture used for consultant objective solely. | Picture Credit score: BISWARANJAN ROUT Exhorting the Narendra Modi authorities to indicate the braveness to overtake the Items and Companies Tax (GST) regime citing the “absurdity” of three totally different tax slabs for popcorn beneath the current system, the Congress on Sunday (December 22, 2024) stated the present…
The fifty fifth GST Council assembly, chaired by Union finance minister Nirmala Sitharaman in Jaisalmer, Rajasthan, on Saturday, introduced modifications affecting the costs of varied items and companies. Union finance minister Nirmala Sitharaman addresses a press convention on Saturday,(PTI) This is a breakdown of things that may grow to be costlier, these that may get…
The products and providers tax council Saturday determined to maintain present vouchers, provided by a number of sectors equivalent to retailers, out of tax purview, a uniform tax fee of 18% on used automobiles together with electrical autos bought by companies, whereas deferring a call on discount in tax fee on insurance coverage merchandise. The…
GST council has sanctioned a charge enhance to 18% from 12% for transactions involving the sale of previous and used vehicles. GST Council Assembly Highlights: The fifty fifth GST council assembly, chaired by Finance Minister Nirmala Sitharaman, introduced a number of vital tax reforms on Saturday. The council accredited GST exemption for cost aggregators dealing…
