- 10 Sep 2024 05:06 PM
- New
GST Council reduces taxes on helicopter services for religious travel to 5 per cent, says Uttarakhand FM
The GST Council has reduced taxes on helicopter services for religious travel from 18% to 5%, according to Uttarakhand Finance Minister.
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- 10 Sep 2024 05:22 PM
- New
Mint Quick Edit | Is a GST rate cut for insurance good news?
It’s good that the GST Council has reportedly reached a consensus on slashing this tax rate on life and health insurance premiums. But rate multiplicity and frequent tweaks go against reformist ideals.
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- 10 Sep 2024 05:52 PM
- New
India’s urban agglomerations are no longer held back by state boundaries
Sarjapura is a small town lying at the very edge of the expanding Bengaluru metropolitan sprawl. It is geographically closer to the town of Hosur than to the centre of Bengaluru. Reaching it by car from Bengaluru airport can sometimes take close to three agonizing hours. The drive from the proposed airport in Hosur is expected to be far more convenient.
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- 10 Sep 2024 05:24 PM
GST earnings of Ram Mandir in Ayodhya? ₹400 cr, says Champat Rai
GST earnings of Ram Mandir in Ayodhya? ₹400 cr, says VHP leader Champat Rai
During a visit to Indore, Champat Rai confirmed estimated GST revenues of nearly ₹400 crore from the construction of Ram Temple complex that will feature 18 temples and is designed to handle a significant influx of devotees.
- 09 Sep 2024 06:36 PM
GST Council Meeting Live Update: Council at broad consensus on insurance premium tax cuts, decision at next meeting
GST Council Meeting Live: One of the primary topics on the agenda is the potential reduction of GST rates on life and health insurance premiums. Currently set at 18%, a rate cut could significantly lower insurance costs for policyholders. The Council is expected to review a report from the fitment committee on the GST levied on life, health, and reinsurance premiums, along with its revenue implications.
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- 09 Sep 2024 06:40 PM
Auto industry contributes nearly 15 per cent to total GST, says SIAM President
Auto sector contributes nearly 15 per cent to total GST, says SIAM president, as industry crosses ₹20 lakh crore mark
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- 09 Sep 2024 06:27 PM
GST Council meeting today: Delhi govt to oppose Goods and Services Tax
GST Council meeting today: Delhi govt to oppose Goods and Services Tax on payment gateway; ‘hypocrisy’ says Atishi
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- 09 Sep 2024 06:34 PM
GST Council today: Insurance premium tax, online gaming report — Expectations
GST Council meet today: From insurance premium taxation, rate rationalisation, to online gaming report — What to expect
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- 09 Sep 2024 06:43 PM
Representation to Reduce fees for filing appeal to GST Appellate Tribunal
The All Gujarat Federation of Tax Consultants (AGFTC) and Income Tax Bar Association (ITBA) have submitted a representation to Finance Minister Nirmala Sitharaman, addressing the high fees for filing appeals with the GST Appellate Tribunal. Currently, the fee structure under the GST Act stipulates fees ranging from ₹10,000 to ₹50,000 for appeals, which the associations deem excessive compared to similar provisions under the Income Tax Act. They advocate for a more reasonable fee structure aligned with the income tax appeals process, where fees range from ₹500 to ₹10,000. The suggested revisions would impose a fee of ₹1,000 to ₹10,000 depending on the case’s tax or input tax credit involved, ensuring a fairer and more accessible appeal process for taxpayers. The associations request the government to consider these changes to create a more equitable and streamlined taxation system under GST, benefiting both taxpayers and businesses.
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- 09 Sep 2024 06:23 PM
Top Events of the Day: Apple to unveil iPhone 16 at Glowtime event and more
Top Events of the Day: Prime Minister Narendra Modi will meet Abu Dhabi Crown Prince Sheikh Khaled bin Zayed Al Nahyan to discuss key bilateral relations. Meanwhile, Bajaj Housing Finance, India’s second-largest housing finance NBFC, opens its much-anticipated IPO for subscription. In the tech world, Apple is set to launch its highly awaited iPhone 16 series during the 'It’s Glowtime' event.
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