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.
Bu hikaye The New Indian Express Tiruchy dergisinin December 21, 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 Tiruchy dergisinin December 21, 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
Storm Before The Biggest Test
Despite dressing room 'chaos', India would hope to salvage pride in Sydney and keep hopes of qualifying for WTC final alive
Salima dedicates Arjuna to teammates
FOR her contribution to Indian hockey, women's team captain Salima Tete was named amongst the Arjuna Awardees in the National Sports Awards 2024 list announced on Thursday.
Hope my goals help Arsenal win title
GABRIEL Jesus is determined to keep scoring as Arsenal look to end their more than 20-year wait for a Premier League title.
Bagan Start Year With Win Over Hyderabad FC
MOHUN Bagan Super Giant started the New Year with a 3-0 victory over Hyderabad FC at the Vivekananda Yuba Bharati Krirangan in Kolkata in the Indian Super League (ISL) 2024-25 season.
HIL: UP Rudras blank Soorma Hockey Club
UP Rudras blanked Soorma Hockey Club 3-0 in their Hero Hockey India League contest here on Thursday.
With $20.5 bn from IPOs, Dalal Street 2nd busiest mkt
DALAL Street has been the second busiest market in the world, with a mop-up of $20.5 billion from the initial public offerings (IPOs).
Blinkit 10-min ambulance service in Gurugram
ZOMATO's quick commerce platform Blinkit on Thursday launched its 10-minutes Ambulance Service in select areas of Gurugram. In the testing phase, currently, Blinkit will scale the service and expand to other cities.
Hyundai Unveils Creta Electric With Two Battery Choices, 473 km Range
HYUNDAI Motor India's (HMIL) first locally manufactured mass electric vehicle (EV) - the Creta Electric - will come with two battery packs - a 51.4 kWh (Long Range) offering a driving range of 473 km and a 42 kWh offering a driving range of 390 km in a single charge.
Sebi rejects Zee, Punit Goenka's settlement offers
MARKET regulator Sebi on Thursday rejected the settlement offers filed by Zee Entertainment Enterprises (ZEEL) and its chief executive Punit Goenka for alleged violation of listing norms.
US no longer among India's top crude suppliers; oil imports from Russia at 31%
THE United States no longer remains one of the top five crude oil suppliers to India as African nation Angola nudged ahead of the US in December.
