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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 1.12k 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

BCCI Appoints Achal Kumar Jyoti as Electoral Officer for Elections

The Board of Control for Cricket in India (BCCI) has called an urgent meeting of its Apex Council to appoint former Chief Election Commissioner Achal Kumar Jyoti as the electoral officer for upcoming elections to fill the positions of secretary and treasurer. These posts were vacated by Jay Shah and Ashish Shelar, who assumed new roles in December. According to the BCCI constitution, the Board must call a Special General Meeting and appoint an electoral officer at least four weeks before the

Sports & Games

19 Dec 2024 10:32 AM 1.31k views

BCCI Appoints Achal Kumar Jyoti as Electoral Officer for Elections

The Board of Control for Cricket in India (BCCI) has called an urgent meeting of its Apex Council to appoint former Chief Election Commissioner Achal Kumar Jyoti as the electoral officer for upcoming elections to fill the positions of secretary and treasurer. These posts were vacated by Jay Shah and Ashish Shelar, who assumed new roles in December. According to the BCCI constitution, the Board must call a Special General Meeting and appoint an electoral officer at least four weeks before the

Sports & Games

Government Blocks 18 OTT Platforms for Obscene Content

On Wednesday, Minister of State for Information and Broadcasting, L Murugan, informed the Lok Sabha that the government had blocked 18 OTT platforms this year for publishing obscene, vulgar, and in some cases, pornographic content. This action is in line with the IT Rules of 2021, which impose specific due diligence obligations on intermediaries to ensure they take reasonable steps to prevent the spread of such content. The IT Rules also set out a Code of Ethics for publishers

General

19 Dec 2024 10:08 AM 1.29k views

Government Blocks 18 OTT Platforms for Obscene Content

On Wednesday, Minister of State for Information and Broadcasting, L Murugan, informed the Lok Sabha that the government had blocked 18 OTT platforms this year for publishing obscene, vulgar, and in some cases, pornographic content. This action is in line with the IT Rules of 2021, which impose specific due diligence obligations on intermediaries to ensure they take reasonable steps to prevent the spread of such content. The IT Rules also set out a Code of Ethics for publishers

General

Lokesh Proposes to Revive Mid-Day Meal Scheme in Junior Colleges

In its ongoing efforts to reform public policies, the NDA government has now turned its focus on the education sector. Following changes in policies related to sand and liquor, the government is now preparing to revive an initiative aimed at reducing student dropouts in government junior colleges. IT and Education Minister Nara Lokesh has announced plans to reinstate a government-funded mid-day meal scheme, initially introduced by the TDP in 2018. The program was designed to encoura

Political News

04 Dec 2024 01:56 AM 1.3k views

Lokesh Proposes to Revive Mid-Day Meal Scheme in Junior Colleges

In its ongoing efforts to reform public policies, the NDA government has now turned its focus on the education sector. Following changes in policies related to sand and liquor, the government is now preparing to revive an initiative aimed at reducing student dropouts in government junior colleges. IT and Education Minister Nara Lokesh has announced plans to reinstate a government-funded mid-day meal scheme, initially introduced by the TDP in 2018. The program was designed to encoura

Political News

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 1.27k 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

Israel Proposes Ceasefire with Hezbollah After 14 Months of Fighting

Israeli Prime Minister Benjamin Netanyahu has recommended a ceasefire agreement with Hezbollah, aimed at ending over 14 months of fighting linked to the ongoing Gaza war. Despite Israeli bombardment escalating in the hours before the ceasefire proposal, Netanyahu is optimistic that the deal will isolate Hamas and shift Israel's focus to Iran, Hezbollah's backer. The ceasefire, brokered by the U.S., would temporarily halt fighting between Israel and Hezbollah for two months,

General

27 Nov 2024 02:06 AM 1.15k views

Israel Proposes Ceasefire with Hezbollah After 14 Months of Fighting

Israeli Prime Minister Benjamin Netanyahu has recommended a ceasefire agreement with Hezbollah, aimed at ending over 14 months of fighting linked to the ongoing Gaza war. Despite Israeli bombardment escalating in the hours before the ceasefire proposal, Netanyahu is optimistic that the deal will isolate Hamas and shift Israel's focus to Iran, Hezbollah's backer. The ceasefire, brokered by the U.S., would temporarily halt fighting between Israel and Hezbollah for two months,

General

GST Collections Rise 6.5% Year-on-Year to ₹1.73 Lakh Crore in September

In a positive sign for the Indian economy, the Goods and Services Tax (GST) collections for September 2023 increased by 6.5% year-on-year, totaling ₹1.73 lakh crore. This marks a rise from ₹1.63 lakh crore collected in September of the previous year. The net GST collection after refunds stood at ₹1.53 lakh crore, showing a growth of 4% compared to ₹1.47 lakh crore in September 2022. So far this fiscal year, the government has recorded a gross GST revenue of ₹10.87 lakh cro

Business

01 Oct 2024 10:34 AM 1.05k views

GST Collections Rise 6.5% Year-on-Year to ₹1.73 Lakh Crore in September

In a positive sign for the Indian economy, the Goods and Services Tax (GST) collections for September 2023 increased by 6.5% year-on-year, totaling ₹1.73 lakh crore. This marks a rise from ₹1.63 lakh crore collected in September of the previous year. The net GST collection after refunds stood at ₹1.53 lakh crore, showing a growth of 4% compared to ₹1.47 lakh crore in September 2022. So far this fiscal year, the government has recorded a gross GST revenue of ₹10.87 lakh cro

Business

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 1.25k 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

Articles

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#gst-council-proposals

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

BCCI Appoints Achal Kumar Jyoti as Electoral Officer for Elections

BCCI Appoints Achal Kumar Jyoti as Electoral Officer for Elections

Government Blocks 18 OTT Platforms for Obscene Content

Government Blocks 18 OTT Platforms for Obscene Content

Lokesh Proposes to Revive Mid-Day Meal Scheme in Junior Colleges

Lokesh Proposes to Revive Mid-Day Meal Scheme in Junior Colleges

Panel Proposes New GST Rates for Sin Goods and Other Adjustments

Panel Proposes New GST Rates for Sin Goods and Other Adjustments

Israel Proposes Ceasefire with Hezbollah After 14 Months of Fighting

Israel Proposes Ceasefire with Hezbollah After 14 Months of Fighting

GST Collections Rise 6.5% Year-on-Year to ₹1.73 Lakh Crore in September

GST Collections Rise 6.5% Year-on-Year to ₹1.73 Lakh Crore in September

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

Texas Governor Pushes Constitutional Bail Reform Amid Public Safety Debate

Online outrage as US man targets Hindi speakers and calls H-1B program a fraud

Home Ministry Seeks Sanction to Prosecute Satyendar Jain in Money Laundering Case

India Trails 0-1 Against Syria in Intercontinental Cup 2024: A Must-Win Match for New Coach Manolo Marquez

Columbus schools may lose $52M under proposed Ohio budget

Iran accepts two-week ceasefire amid US pressure on Hormuz Strait

Pinnacle Group Expands APAC Footprint with New Chennai Headquarters

Israeli airstrikes in Lebanon kill six as Qatar briefly raises security threat alert

Geomagnetic storm from cannibal CME could light up skies across US and Europe

Governor Newsom Approves $50 Million to Protect State Policies from Trump’s Legal Battles

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Texas Governor Pushes Constitutional Bail Reform Amid Public Safety Debate

Online outrage as US man targets Hindi speakers and calls H-1B program a fraud

Home Ministry Seeks Sanction to Prosecute Satyendar Jain in Money Laundering Case

India Trails 0-1 Against Syria in Intercontinental Cup 2024: A Must-Win Match for New Coach Manolo Marquez

Columbus schools may lose $52M under proposed Ohio budget

Iran accepts two-week ceasefire amid US pressure on Hormuz Strait

Pinnacle Group Expands APAC Footprint with New Chennai Headquarters

Israeli airstrikes in Lebanon kill six as Qatar briefly raises security threat alert

Geomagnetic storm from cannibal CME could light up skies across US and Europe

Governor Newsom Approves $50 Million to Protect State Policies from Trump’s Legal Battles

#gst-council-proposals

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

BCCI Appoints Achal Kumar Jyoti as Electoral Officer for Elections

BCCI Appoints Achal Kumar Jyoti as Electoral Officer for Elections

Government Blocks 18 OTT Platforms for Obscene Content

Government Blocks 18 OTT Platforms for Obscene Content

Lokesh Proposes to Revive Mid-Day Meal Scheme in Junior Colleges

Lokesh Proposes to Revive Mid-Day Meal Scheme in Junior Colleges

Panel Proposes New GST Rates for Sin Goods and Other Adjustments

Panel Proposes New GST Rates for Sin Goods and Other Adjustments

Israel Proposes Ceasefire with Hezbollah After 14 Months of Fighting

Israel Proposes Ceasefire with Hezbollah After 14 Months of Fighting

GST Collections Rise 6.5% Year-on-Year to ₹1.73 Lakh Crore in September

GST Collections Rise 6.5% Year-on-Year to ₹1.73 Lakh Crore in September

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

Texas Governor Pushes Constitutional Bail Reform Amid Public Safety Debate

Online outrage as US man targets Hindi speakers and calls H-1B program a fraud

Home Ministry Seeks Sanction to Prosecute Satyendar Jain in Money Laundering Case

India Trails 0-1 Against Syria in Intercontinental Cup 2024: A Must-Win Match for New Coach Manolo Marquez

Columbus schools may lose $52M under proposed Ohio budget

Iran accepts two-week ceasefire amid US pressure on Hormuz Strait

Pinnacle Group Expands APAC Footprint with New Chennai Headquarters

Israeli airstrikes in Lebanon kill six as Qatar briefly raises security threat alert

Geomagnetic storm from cannibal CME could light up skies across US and Europe

Governor Newsom Approves $50 Million to Protect State Policies from Trump’s Legal Battles

Popular Cities