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.
Denne historien er fra December 21, 2024-utgaven av The New Indian Express Tadepalligudem.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 21, 2024-utgaven av The New Indian Express Tadepalligudem.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
MFs Asked To Disclose Info Ratio
SEBI has asked asset management companies (AMCs) to disclose their information ratio, which is used to measure risk-adjusted returns of mutual fund schemes, on their websites on a daily basis for equity-oriented schemes.
Indians in Russian army: 12 dead, 16 missing, 18 serving
126 Indians in Russia
Economic growth poised to rebound: RBI report
THE economic growth, which surprisingly slumped to a seven-quarter low of 5.4% in the second quarter, is poised to rebound, as demand regained momentum, though stickiness in food inflation warrants careful monitoring, the latest RBI bulletin has said.
Govt to look into conversion of lands
THE State Cabinet meeting chaired by Chief Minister N Chandrababu Naidu on Friday, decided to conduct an in-depth study of lands removed from the prohibited list, and converted as freehold.
MoU Signed for Electric Vehicle Park at Orvakal
PEOPLE Tech Enterprises Pvt Ltd, a People Tech Group company, has signed a Memorandum of Understanding (MoU) with the State government to establish a 1,200-acre Electric Vehicle Park - Orvakal Mobility Valley in Kurnool district.
Senior DCM reviews Amrit Bharat works at Tadepalligudem
IN an effort to enhance passenger comfort, safety and overall travel experience, Senior Divisional Commercial Manager (DCM) of Vijayawada, Vavilapalli Rambabu, conducted a detailed inspection of Tadepalligudem and Tanuku railway stations on Friday.
Maruti, Hyundai Lit Up EV Space
Both the carmakers make their debut in the country's mass electric vehicle market
Enrolment of 1-cr TDP workers is historic achievement: MLA
Urban MLA Adireddy Srinivas expressed delight over the overwhelming response to the TDP membership drive, stating that the party's membership has surpassed the one crore mark.
Emergency' triggers stir in Punjab, security at multiplexes tightened
THE screening of Kangana Ranaut's film 'Emergency' was cancelled in Punjab due to intense protests by various Sikh organisations, Shiromani Gurdwara Parbandhak Committee (SGPC) members and farmers' groups on Friday.
Israeli meds gear up to treat freed hostages
Upon reaching Israel, hostages to be sent to one of 6 designated hospitals; long captivity raises concerns about health
