GST rates set to drop: FM Nirmala Sitharaman – The Times of India
MUMBAI: On the heels of the income tax cut announced in the Union Budget, finance minister Nirmala Sitharaman on Saturday said a reduction in goods and services tax (GST) is…
Explained: Why has Zomato received a Rs 803 crore GST demand notice? – Times of India
The Rs 803.7 crore tax demand exceeds Zomato's total profits since achieving profitability in the April-June 2023 period. Zomato has received a notice from GST authorities demanding Rs 803 crore…
Tobacco GST News: GoM Proposes 35% GST on Tobacco, Aerated Drinks and Luxury Items | India Business News – Times of India
The Group of Ministers (GoM) on GST rate rationalisation has decided to increase tax on aerated beverages, cigarettes, tobacco and related products to 35 per cent from the current 28…
GST collections surge 9% in October, reaching Rs 1.87 lakh crore – Times of India
NEW DELHI: Goods and Services Tax (GST) collections in October, in gross terms, were Rs 1.87 lakh crore, an 8.9 percent increase from the previous year, according to data from…
Softy ice-cream mix attracts higher GST: It’s mainly sugar not milk holds GST-AAR – Times of India
MUMBAI: Is a softy ice-cream mix made of milk or sugar? According to a recent ruling given by the GST Authority for Advance Rulings (AAR) – Rajasthan bench, the product’s…
GST on term life and health insurance premiums may be exempted – Times of India
NEW DELHI: The Group of Ministers (GoM) on Saturday decided to exempt the Goods and Services Tax (GST) on term life insurance premiums and health cover premiums paid by senior…
SpiceJet clears all GST dues – Times of India
NEW DELHI: Maintaining financial discipline and regulatory compliance, domestic airline SpiceJet has cleared all its Goods and Services Tax (GST) dues.The airline in a statement on Friday informed that the…
Auto industry crosses Rs 20 lakh crore mark in FY24; contributes 14-15% to total GST: SIAM president Vinod Aggarwal – Times of India
NEW DELHI: The Indian automotive industry has crossed Rs 20 lakh crore mark in FY24 and now contributes 14-15 per cent of the total GST collected in the country, SIAM…
IndiGo to challenge penalties of Rs 3.5 lakh – Times of India
IndiGo to challenge penalties of Rs 3.5 lakh Source link
‘Have reduced burden’: FM Sitharaman hits back at opposition’s claim Budget ignored middle class – Times of India
Union finance minister Nirmala Sitharaman criticised the opposition for saying that the budget didn’t help the salaried and middle classes but only benefited the wealthy. She pointed out that the…