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.
She was addressing an event organized by Small Industries Development Bank of India (SIDBI) at Sukher Industrial Area in Udaipur.
In her recent budget statement, Finance Minister Nirmala Sitharaman lauded the Insolvency and Bankruptcy Code, 2016 (IBC), celebrating it as a new-age miracle. With over 1,000 companies resolved and a whopping Rs. 3.3 trillion recovered, it seems the IBC is finally hitting its stride – or at least that is the optimistic narrative.
Finance Minister Nirmala Sitharaman, at a meeting held here on Monday, told the chiefs of Regional Rural Banks (RRBs) to adopt a policy of active outreach in MSME clusters to ensure credit is extended to small and micro enterprises.
With an aim to evaluate key financial metrics, Finance Minister Nirmala Sitharaman is set to convene a crucial review meeting to assess the performance of Public Sector Banks (PSBs) and Regional Rural Banks (RRBs).
She said that taxpayers could save up to Rs 17,500 with the revised tax structure.
