Explainer: All you need to know about the GST on EVs
During the 55th GST Council meeting press conference on Saturday, the panel approved an increase in the GST rate on used EVs sold by businesses to 18 per cent from 12 per cent earlier.
During the 55th GST Council meeting press conference on Saturday, the panel approved an increase in the GST rate on used EVs sold by businesses to 18 per cent from 12 per cent earlier.
Union Finance Minister Nirmala Sitharaman on Saturday announced that the Goods and Services Tax Council has approved the reduction of GST on rice kernels to 5 per cent, exempted life-saving gene therapy from tax, and extended the GST exemption for parts used in manufacturing (SAM).
The Finance Minister informed the Lok Sabha that the Enforcement Directorate (ED) has been successful in recovering assets from several high-profile economic offenders.
Highlighting that 'India's Constitution has stood the test of time', the Union Finance Minister Nirmala Sitharaman Monday slammed the Congress for brazenly amending the Constitution from time to time to help the family and dynasty.
Lashing out at Leader of Opposition Rahul Gandhi over his remarks on state-run banks, Union Finance Minister Nirmala Sitharaman on Thursday said he has a penchant for making baseless statements.
It will be 3.4% of the country's GDP, and the government will endeavour to maintain strong fiscal support for infrastructure over the next five years, she said.
As a result of these changes, the finance minister said, a salaried employee in the new tax regime stands to save up to Rs 17,500.
Ten years after bifurcation, Andhra Pradesh on Tuesday got a substantial allocation in the Union Budget with Finance Minister Nirmala Sitharaman announcing Rs 15,000 crore for the development of its greenfield capital city
In her budget speech, Sitharaman allocated Rs 2 lakh crore over five years for youth employment, education, and skilling, with a dedicated internship scheme for youths in top 500 companies.
Finance Minister Nirmala Sitharaman on Tuesday presented the Union Budget 2024-25 after the Cabinet gave its approval.
