EVEN though the GST Council in its 55th meeting in Jaisalmer avoided "thorny" issues such as lowering GST rates on insurance premium and a discussion on rate rationalisation, it did make several changes in the rates of goods and services.
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%.
Bu hikaye The New Indian Express Thiruvananthapuram dergisinin December 22, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The New Indian Express Thiruvananthapuram dergisinin December 22, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Release date for Mere Husband Ki Biwi confirmed
ARJUN Kapoor, Rakul Preet Singh and Bhumi Pednekar will be headlining a comedy film titled Mere Husband Ki Biwi.
Bramayugam director Rahul's next is also a horror film
EARLIER, there were speculations that Bramayugam director Rahul Sadasivan would be doing a horror film with Pranav Mohanlal next.
Discovering games at the most unexpected places
MY journey to understand more about games has taken me to the strangest places, among them Jawaharlal Nehru University (JNU) in Delhi.
The golden hand that holds the conch
A CONCH signifying the beauty and tenacity of the ocean that shapes it, placed on a hand adorned with bangles that represent the seven musical notes and the seven colours, all of which rests on a book – the ultimate representation of knowledge.
Lives interrupted
T comes like a sudden bang on your head. The tremors shake you to your core, like the world is crumbling around you. Everything is falling apart,\" says Pushkala L, who counts the daily blasts from the nearby quarry.
MOCHA MUSE
TNIE explores the possibilities of the new Pantone colour of the year: an unsuspecting shade of brown - Mocha Mousse
India lifts restrictions on WhatsApp Payments: What it means for Meta
In a move that could enhance digital payments in India, the Indian government has lifted restrictions on WhatsApp Payments.
Emerging tech to drive job growth
Artificial Intelligence (AI), which was a major trend in 2024, is expected to further accelerate in 2025.
India lifts restrictions on WhatsApp Payments: What it means for Meta
WhatsApp's expansion into digital payments represents a direct challenge to India's two dominant players in the sector: Google Pay and PhonePe.
Storm Before The Biggest Test
Despite dressing room 'chaos', India would be looking to salvage pride in Sydney and keep hopes of qualifying for WTC final alive
