Among the major changes announced, the Council decided to increase the GST rate from 12% to 18% on sale of all old and used vehicles, including EVs.
Currently, 18% GST is levied on sale of old and used petrol vehicles of engine capacity of 1200 cc or more & of length of 4000 mm or more; diesel vehicles of engine capacity of 1500 cc or more & of length of 4000 mm and SUVs.
However, finance minister Nirmala Sitharaman clarified the 18% GST would only be levied only on the margin - difference between the purchase price and selling price (depreciated value if depreciation is claimed) and not on the value of the vehicle. The FM also clarified that the GST is not applicable in case of unregistered persons.
The tax rate on caramelised popcorn - that took the social media by a storm on Saturday - has been increased from 5% to 18%.
Esta historia es de la edición December 22, 2024 de The New Indian Express Vijayawada.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición December 22, 2024 de The New Indian Express Vijayawada.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Fielding holding Shafali back from returning to side?
WITH the series against Ireland starting soon, a source close to BCCI has said that it is up to the team management and players to make the most of the chances they are given.
Boxers Shiva, Sachin shine
REIGNING champion Shiva Thapa began his title defence with a commanding win over Enayat Khan in welterweight (60-65kg) category at the 8th Elite Men's National Boxing Championship here on Thursday.
ISL: Sting in tail for Chennaiyin FC in draw against Odisha
ODISHA FC scored an injury-time goal to snatch a point against Chennaiyin FC in the Indian Super League here on Thursday.
Jigsaw puzzle for selectors ahead of CT
Focus shifts to England series including 5 T20Is & 3 ODIs with latter taking prominence thanks to proximity of ICC event
Defending champ Sinner opens against Jarry
JANNIK Sinner was drawn on Thursday against big-hitting Nicolas Jarry to start his Australian Open defence while Novak Djokovic is on a collision course to meet Carlos Alcaraz in the quarter-finals.
Vijay Hazare Trophy: Tomar helps Rajasthan beat TN in pre-quarters
OPENER Abhijeet Tomar struck a well-paced hundred as Rajasthan recorded their first ever win over Tamil Nadu in Vijay Hazare Trophy history to enter the quarterfinals here on Thursday.
Spurs Beat Liverpool in League Cup Semifinal
LIVERPOOL boss Arne Slot slammed the controversial decision not to send off Tottenham's Lucas Bergvall before the teenager sealed a 1-0 win in the League Cup semi-final first leg on Wednesday.
Malaysian Open: Sat-Chi march into quarters, Prannoy goes down fighting
HS PRANNOY, with his warrior-like spirit, threw the kitchen sink but fell short at the Axiata Arena in the ongoing Malaysia Open in Kuala Lumpur on Thursday.
Lancers beat Gonasika 2-1, move to 3rd place
KALINGA Lancers secured their second successive win of the season after beating Team Gonasika 2-1 in their Hockey India League (HIL) fixture at the Birsa Munda Hockey Stadium in Rourkela on Thursday.
Headcount down by 5,370; says campus hiring on track
TCS, which onboarded more employees in Q1 and Q2, reported a net decline of 5,370 employees in the third quarter.