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December 25, 2024, 02:49 PM - 2 min read
The 55th meeting of the GST Council clarified the GST applicability in popcorn after it received a request from Uttar Pradesh to clarify the classification and GST rate applicable to popcorn mixed with salt and spices.
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December 23, 2024, 05:07 PM - 3 min read
In a significant move for the financial sector, Finance Minister Nirmala Sitharaman announced an important decision during the 55th GST Council Meeting held in Jaisalmer.
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December 22, 2024, 05:37 PM - 4 min read
The 55th GST Council meeting, led by Finance Minister Nirmala Sitharaman, introduced several significant decisions aimed at strengthening the Goods and Services Tax (GST) framework and reducing tax evasion.
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December 22, 2024, 05:32 PM - 5 min read
The 55th Goods and Services Tax (GST) Council meeting, led by Finance Minister Nirmala Sitharaman, unveiled several key decisions aimed at streamlining the tax structure across various sectors.
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December 21, 2024, 08:27 PM - 1 min read
The GST Council, led by Finance Minister Nirmala Sitharaman, has clarified the tax treatment of popcorn. It has been decided that pre-packed and labelled ready-to-eat popcorn will attract a 12% GST, while caramelised popcorn (mixed with sugar) will be taxed at 18%.
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December 21, 2024, 08:21 PM - 2 min read
Finance Minister Nirmala Sitharaman on Saturday said no decision was taken with regard to reduction in GST on insurance premiums as the Group of Ministers (GoM) needed more time to study the issue. Many inputs are awaited, including the one from insurance regulator IRDAI.
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December 21, 2024, 01:40 PM - 3 min read
A Group of Ministers (GOM) set up by the Council under Chaudhary, in its meeting in November had agreed on exempting insurance premiums paid for term life insurance policies from GST.
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December 20, 2024, 05:01 PM - 6 min read
The 55th meeting of the GST Council, chaired by Union 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.
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