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55th GST Council Meeting to Discuss Key Tax Issues in Jaisalmer

Union Finance Minister Nirmala Sitharaman will chair the 55th GST Council meeting in Jaisalmer, Rajasthan, on Saturday, December 21. This meeting will focus on several important discussions related to the Goods and Services Tax (GST) in India. The agenda includes deliberations on taxability issues concerning food delivery platforms such as Swiggy and Zomato, and potential changes to GST rates on products like health insurance premiums, life insurance, wristwatches, shoes, and apparel. The cou

Finance & Economics

20 Dec 2024 08:57 AM 1.08k views

55th GST Council Meeting to Discuss Key Tax Issues in Jaisalmer

Union Finance Minister Nirmala Sitharaman will chair the 55th GST Council meeting in Jaisalmer, Rajasthan, on Saturday, December 21. This meeting will focus on several important discussions related to the Goods and Services Tax (GST) in India. The agenda includes deliberations on taxability issues concerning food delivery platforms such as Swiggy and Zomato, and potential changes to GST rates on products like health insurance premiums, life insurance, wristwatches, shoes, and apparel. The cou

Finance & Economics

Impact of New GST Slab Proposal on Sin Products and India's Economy

India introduced the Goods and Services Tax (GST) in 2017 to simplify the tax structure and reduce the tax burden. Recent data shows that the gross GST collection for October 2024 rose by 9% to ₹1.87 lakh crore, a record second-highest figure. However, a recent proposal by the Group of Ministers (GoM) on GST Rates Rationalisation suggests a new 35% GST slab on products like aerated drinks and tobacco, which has raised concerns. The proposal aims to target 'sin' products such as thos

Business

19 Dec 2024 10:20 AM 1.15k views

Impact of New GST Slab Proposal on Sin Products and India's Economy

India introduced the Goods and Services Tax (GST) in 2017 to simplify the tax structure and reduce the tax burden. Recent data shows that the gross GST collection for October 2024 rose by 9% to ₹1.87 lakh crore, a record second-highest figure. However, a recent proposal by the Group of Ministers (GoM) on GST Rates Rationalisation suggests a new 35% GST slab on products like aerated drinks and tobacco, which has raised concerns. The proposal aims to target 'sin' products such as thos

Business

Panel Proposes New GST Rates for Sin Goods and Other Adjustments

A panel of state ministers has recommended changes to the Goods and Services Tax (GST) structure, specifically targeting sin goods, including tobacco products, aerated beverages, and luxury cars. These goods are currently taxed at the highest 28% GST rate, along with an additional cess. The proposal, which is part of a rate rationalisation report, is set to be presented before the GST Council in its upcoming meeting later this month. The Group of Ministers (GoM), led by Bihar Deputy Chief Min

Finance & Economics

03 Dec 2024 04:55 AM 1.3k views

Panel Proposes New GST Rates for Sin Goods and Other Adjustments

A panel of state ministers has recommended changes to the Goods and Services Tax (GST) structure, specifically targeting sin goods, including tobacco products, aerated beverages, and luxury cars. These goods are currently taxed at the highest 28% GST rate, along with an additional cess. The proposal, which is part of a rate rationalisation report, is set to be presented before the GST Council in its upcoming meeting later this month. The Group of Ministers (GoM), led by Bihar Deputy Chief Min

Finance & Economics

GST Council Panel to Review Tax Structure for 100 Items in Goa Meeting

A panel of state ministers, established by the Goods and Services Tax (GST) Council, is set to convene in Goa on September 24 and 25. This six-member group, led by Bihar Deputy Chief Minister Samrat Chaudhary, will review the implications of rate rationalization on at least 100 items. The discussions aim to analyze potential changes in GST slabs and rates, particularly focusing on essential goods. During the two-day meeting, the panel will explore various

Business

22 Sep 2024 12:00 PM 1.27k views

GST Council Panel to Review Tax Structure for 100 Items in Goa Meeting

A panel of state ministers, established by the Goods and Services Tax (GST) Council, is set to convene in Goa on September 24 and 25. This six-member group, led by Bihar Deputy Chief Minister Samrat Chaudhary, will review the implications of rate rationalization on at least 100 items. The discussions aim to analyze potential changes in GST slabs and rates, particularly focusing on essential goods. During the two-day meeting, the panel will explore various

Business

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#gst-council

55th GST Council Meeting to Discuss Key Tax Issues in Jaisalmer

55th GST Council Meeting to Discuss Key Tax Issues in Jaisalmer

Impact of New GST Slab Proposal on Sin Products and India's Economy

Impact of New GST Slab Proposal on Sin Products and India's Economy

Panel Proposes New GST Rates for Sin Goods and Other Adjustments

Panel Proposes New GST Rates for Sin Goods and Other Adjustments

GST Council Panel to Review Tax Structure for 100 Items in Goa Meeting

GST Council Panel to Review Tax Structure for 100 Items in Goa Meeting

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Jonathan Wheatley exits Audi as Aston Martin leadership speculation grows

How to Handle Screen Addiction in Kids Without Power Struggles

Newsom contrasts California leadership with Trump administration in State of the State

Aadhaar-PAN Link, ATM Fees, and More: Key Financial Changes From July 1

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Manchester United vs Leeds United live updates from Premier League clash

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The American Civil War: The Split of the United States and the Rise of the Confederacy

Dallas Zoo gorillas to relocate to new home this fall

India Post Resumes All International Postal Services to the United States

#gst-council

55th GST Council Meeting to Discuss Key Tax Issues in Jaisalmer

55th GST Council Meeting to Discuss Key Tax Issues in Jaisalmer

Impact of New GST Slab Proposal on Sin Products and India's Economy

Impact of New GST Slab Proposal on Sin Products and India's Economy

Panel Proposes New GST Rates for Sin Goods and Other Adjustments

Panel Proposes New GST Rates for Sin Goods and Other Adjustments

GST Council Panel to Review Tax Structure for 100 Items in Goa Meeting

GST Council Panel to Review Tax Structure for 100 Items in Goa Meeting

Jonathan Wheatley exits Audi as Aston Martin leadership speculation grows

How to Handle Screen Addiction in Kids Without Power Struggles

Newsom contrasts California leadership with Trump administration in State of the State

Aadhaar-PAN Link, ATM Fees, and More: Key Financial Changes From July 1

Top 5 Most Colourful Mountain Destinations to Visit

Manchester United vs Leeds United live updates from Premier League clash

Crafting Memorable Experiences: The Art of Event Design and Production

The American Civil War: The Split of the United States and the Rise of the Confederacy

Dallas Zoo gorillas to relocate to new home this fall

India Post Resumes All International Postal Services to the United States

Popular Cities