3 days ago · Nirmala Sitharaman, Finance Minister after presenting a record-breaking eighth consecutive Budget in conversation with Navika Kumar of Times Now.The objective of GST rationalisation extends beyond merely reducing tax rates. It aims to streamline the existing rates of 0%, 5%, 12%, 18%, and 28% by potentially eliminating one of the rates, such as 12% or 18%, and aligning it with the nearest ...

Dec 21, 2024 · Finance Minister Nirmala Sitharaman stated that new electric vehicles (EVs) are taxed at 5% GST. For old EVs sold between individuals, there is no GST. However, if a company sells used EVs or petrol and diesel vehicles, the GST rate on the margin has been increased to 18% by the Council.

3 days ago · Finance Minister Nirmala Sitharaman stated on Tuesday that the GST Council is close to finalising a decision on tax rate rationalisation, with the review process nearly complete. At present, the Goods and Services Tax (GST) is structured into four slabs: 5 per cent, 12 per cent, 18 per cent, and 28 per cent.

Dec 21, 2024 · GST Council Meeting Live Updates: Finance Minister Nirmala Sitharaman on Saturday said that states did not agree on bringing aviation turbine fuel under the ambit of Goods and Services Tax.

4 days ago · NEW DELHI: The GST Council will soon take a decision on having fewer and lower rates as the review work is almost complete, Finance Minister Nirmala Sitharaman said on Tuesday.

Dec 21, 2024 · States oppose GST on ATF: FM Nirmala Sitharaman said that states did not agree on bringing aviation turbine fuel under the ambit of GST. “States did not feel comfortable. They didn’t want the ATF because they saw it as part of the crude petroleum diesel basket, and therefore they said that it alone cannot be taken out, and therefore that ...

Dec 21, 2024 · The 55th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman in Jaisalmer, Rajasthan, introduced several updates to the taxation framework while deferring discussions on...

Dec 21, 2024 · GST Council Meeting Highlights: The Finance Minister Nirmala Sitharaman has announced that decision on tweaking GST on insurance products has been deferred. There were expectations of...

Dec 21, 2024 · Finance Minister Nirmala Sitharaman, while briefing the media on the outcome of the 55th GST Council meeting, announced that gene therapy has been exempted from Goods and Services Tax (GST).

Sep 9, 2024 · Finance Minister Nirmala Sitharaman announced a reduction in the GST rate on namkeen, which will take effect prospectively. Additionally, GST on certain cancer drugs has been significantly...