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.
Esta historia es de la edición December 21, 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 21, 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
Words of Wisdom for Yashasvi
During a net session ahead of the Boxing Day Test in Melbourne, Kohli, Rahul and coach Gambhir give pep talks to Mumbai batter, who has struggled to spend time in the middle
Three-star Blasters down Mohammedan
KERALA Blasters FC players delighted the home crowd to record a dominant 3-0 win over Mohammedan SC in the Indian Super League at the Jawaharlal Nehru Stadium here on Sunday.
Liverpool extend lead, United lose
LIVERPOOL FC recorded a thrilling 6-3 victory over Tottenham Hotspur to extend their lead in the Premier League on Sunday.
The making of fast bowler Boland: Cult hero of MCG
ON a hot Saturday afternoon at the AH Butler Oval, Frankston Peninsula Cricket Club was playing against Camberwell Magpies Cricket Club in the local game on the outskirts of Melbourne.
Mandhana climbs another mountain as India beat West Indies
THERE is a famous bridge that connects the city of Sangli with the rest of the world on the river Krishna called Irwin Bridge.
Nat'l badminton: Unseeded Adarshini enters semifinals
TAMIL NADU'S Sathish Kumar K, who's the No 1 seed, and Adarshini Shri NB entered the semifinals of the Senior National Badminton Championships in Bengaluru.
KNOW LINEAR AND LATERAL THINKING
As a result of geopolitical tensions, scheduled general elections in India during the mid-year and in the USA towards the end of the year, as well as valuations that had sky-rocketed, volatility during 2024 was anticipated by many of us.
IS ALGORITHMIC TRADING FOR YOU?
TECHNOLOGY should expand the scope of human skills. There are things that you can do yourself using your skills. You can use technology to support your skills and create something even more potent than before.
Credit card defaults could hurt you badly now
With SC rejecting 30% cap on credit card interest rates, card issuers will now have more flexibility to set rates
Banks' profits spike in first 9 mths of 2024
BANKS have raked in as much as ₹2.7 lakh crore in net income in the first nine months of 2024.
