The GST Council last week recommended harmonizing the tax rate on used cars at 18%, which meant the rate for used small cars, including electric vehicles moved up from 12%.
Read MoreA comedian suggested taxing podcasts in a humorous social media post, proposing measures like a 28 per cent talk reduction and a facial expression tax. Gaurav Kapoor's amusing ideas sparked discussions online.
Read MoreGST on popcorn: Amid frequent discussions around tax treatment on different products of popcorn, here is a detailed analysis of how much tax you will have to pay while purchasing the item in movie theatres.
Read MoreThe 18 per cent GST would not be applicable if an individual sells old and used car to another individual. If a GST registered person has claimed depreciation, the tax is payable only on the value representing the margin.
Read MoreIn a witty take on India's revised GST slabs, Instagram influencer Radha mocks the tax system with humor and satire. Her viral video, portraying Finance Minister Nirmala Sitharaman, highlights the absurdity of potential taxes, leaving viewers amused and questioning the limits of taxation.
Read MoreThe Council’s decision to shift the onus of remitting tax on sponsorship deals from the donor is set to enable the latter to lower its overall tax liability
Read MoreINDIA-ECONOMY-TAX-POPCORN:How to tax popcorn? India's formula sparks outrage against GST system
Read MoreThe Goods and Services Tax Council on Saturday decided to increase taxes on the margins of the supplier on sale of small used cars, including EVs, from 12% to 18%.
Read MoreThe RBL Shoprite credit card, designed for avid shoppers, offers discounts, cashback on fuel, and a welcome bonus. With an annual fee of Rs. 500 plus GST, users can waive this by spending over Rs. 1.5 lakh annually, making it ideal for saving on daily essentials.
Read MoreUnion Finance Minister Nirmala Sitharaman announced a GST rate hike for second-hand automobiles, including electric vehicles, and deferred the decision on rate cuts on insurance premiums. As the stock market opens on Monday, December 23, insurance and auto stocks will remain in focus.
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