A registered person will have to pay GST on sale of old and used vehicle only if the seller has earned a margin, which is the selling price is higher than the depreciation adjusted cost price of the vehicle, sources said. The GST Council in its meeting last week decided to prescribe a single rate … Read more
The 55th meeting of the GST Council, chaired by Finance Minister Nirmala Sitharaman and comprising state counterparts, is likely to discuss rate rejig in about 148 items, besides, it will also deliberate on bringing Aviation Turbine Fuel (ATF), a major component for airline industry’s operation cost, in the Goods and Services Tax (GST) fold. The … Read more
Last Updated:December 03, 2024, 22:38 IST The CBIC on Tuesday said the GoM on GST rate rationalisation is yet to submit its recommendations to the GST Council, which is the final decision making body in fixation of tax rates. It said the GST Council is empowered to recommend GST rates including changes to them. (Representative … Read more
Nirmala Sitharaman, Minister of Finance and Minister of Corporate Affairs in a conversation with The Hindu editors in The Hindu, in Chennai on September 21, 2024. | Photo Credit: Dinesh Krishnan Union Finance Minister Nirmala Sitharaman on Saturday (September 21, 2024) said the Goods and Services Tax (GST) Council is looking at the GST rates, … Read more
Delhi Finance Minister Atishi | (Photo: PTI) 2 min read Last Updated : Sep 09 2024 | 11:12 PM IST Delhi Finance Minister Atishi on Monday said the GST Council has decided to exempt research grants from the GST net, and called it a victory for the entire nation. Addressing a digital press … Read more
Hyderabad: Telangana finance and deputy chief minister Mallu Bhatti Vikramarka asked Union finance minister Nirmala Sitaraman to bring down Goods and Services Tax (GST) percentages of health insurance premiums of all age groups from 18 to 5, at the 54th GST Council held at New Delhi, on Monday, September 9. The proposal made by the … Read more
2 min read Last Updated : Sep 08 2024 | 8:12 PM IST Delhi Finance Minister Atishi on Sunday said she will raise the issue of imposition of GST on research grant procured by educational institutions in the 54th GST Council meeting. Addressing a press conference, the minister said, “The (central) government has reduced … Read more
