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States ask for higher borrowing ceiling, interest-free loans
The New Indian Express Tirunelveli
|December 21, 2024
THE GST Council in its 55th meeting on Saturday is likely to announce changes in tax rates on several goods and services.
As per sources, the fitment panel of the Council has decided to levy 18% GST on all kinds of used cars. Currently, used petrol cars up to 1200 cc and diesel cars up to 1500 cc are taxed at 12%, those above these specifications are taxed at 18%.
The Council is likely to agree with the fitment panel's recommendation and raise GST rate to 18% uniformly to all used cars including the EVs.
The sources said the GoM on insurance would submit its report to the Council on Saturday, but it is not clear if any decision on the same would be taken during the meeting in Jaisalmer. The GoM has recommended complete waiver of GST on insurance premium for health insurance with ₹5 lakh cover.
The Council may give its nod to exempt gene therapy from GST.
It may extend concessional 5% rate on inputs of food preparations that are supplied for free distribution to economically weaker sections under government schemes.
Bu hikaye The New Indian Express Tirunelveli dergisinin December 21, 2024 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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The New Indian Express Tirunelveli
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Rahul steps up offensive, says Cong will fight SIR politically and legally
STEPPING up his attack on Election Commission of India (ECI) and ‘vote theft’ allegations, Congress leader Rahul Gandhi on Tuesday cast doubts over the SIR process at a meeting with key AICC office-bearers of 12 states and Union Territories where the revision of electoral rolls is underway, and said the party must challenge the exercise politically, organisationally and legally, according to sources.
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SC recalls order on post-facto green clearance
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National-level shooter ‘molested’ in Pune-bound bus, conductor on run
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