GST on used vehicles apply differently on businesses
  • 26 Dec 2024 05:55 PM
  • New

GST on used vehicles apply differently on businesses

Source: https://www.livemint.com/auto-news/gst-council-used-vehicles-sale-tax-rate-electric-vehicles-income-tax-act-depreciation-11735124571903.html

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%.

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GST on podcasts, tax for Reels? Standup comedian’s hilarious suggestions leave social media amused
  • 26 Dec 2024 05:59 PM
  • New

GST on podcasts, tax for Reels? Standup comedian’s hilarious suggestions leave social media amused

Source: https://www.livemint.com/news/trends/gst-on-podcasts-tax-for-reels-standup-comedians-hilarious-suggestions-leave-social-media-amused-11735137593061.html

A 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.

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GST on popcorn decoded: How much tax will you pay for the snack in movie theatres?
  • 25 Dec 2024 06:13 PM
  • New

GST on popcorn decoded: How much tax will you pay for the snack in movie theatres?

Source: https://www.livemint.com/money/personal-finance/gst-on-popcorn-decoded-how-much-tax-will-you-pay-for-the-snack-in-movie-theatres-salted-caramel-nirmala-sitharaman-11735112947508.html

GST 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.

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GST on selling old cars: How does 18% tax on used vehicles affect you? Explained
  • 25 Dec 2024 05:58 PM

GST on selling old cars: How does 18% tax on used vehicles affect you? Explained

Source: https://www.livemint.com/money/personal-finance/gst-on-selling-old-cars-how-does-18-tax-on-used-vehicles-affect-you-explained-11735102546631.html

The 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.

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Viral video: Instagram influencer’s humorous take on GST hike leaves netizens in splits
  • 24 Dec 2024 06:11 PM

Viral video: Instagram influencer’s humorous take on GST hike leaves netizens in splits

Source: https://www.livemint.com/news/trends/viral-video-instagram-influencers-humorous-take-on-gst-hike-leaves-netizens-in-splits-11735027706022.html

In 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.

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Tax burden on corporate sponsorships eased
  • 24 Dec 2024 06:03 PM

Tax burden on corporate sponsorships eased

Source: https://www.livemint.com/politics/policy/gst-tax-burden-corporate-sponsorships-rule-gst-council-sports-event-indirect-tax-11734959321979.html

The 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

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Taxing times: Used cars platforms headed for a bumpy ride on GST hike
  • 24 Dec 2024 05:56 PM

Taxing times: Used cars platforms headed for a bumpy ride on GST hike

Source: https://www.livemint.com/companies/start-ups/gst-council-used-cars-platforms-gst-hike-12-to-18-small-cars-evs-11734945771928.html

The 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%.

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RBL Shoprite Credit Card: Exclusive discounts, cashback, and reward points explained
  • 24 Dec 2024 06:07 PM

RBL Shoprite Credit Card: Exclusive discounts, cashback, and reward points explained

Source: https://www.livemint.com/money/personal-finance/rbl-shoprite-credit-card-exclusive-discounts-cashback-and-reward-points-explained-11735027616458.html

The 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.

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GST Council decisions likely to impact market; auto, insurance stocks to be in focus today, December 23
  • 23 Dec 2024 06:02 PM

GST Council decisions likely to impact market; auto, insurance stocks to be in focus today, December 23

Source: https://www.livemint.com/market/stock-market-news/gst-council-decisions-likely-to-impact-market-auto-insurance-stocks-to-be-in-focus-today-december-23-11734860379453.html

Union 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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