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.
The finance minister gave a keynote address and handed over degrees to students at the 11th convocation ceremony of the Indian Institute of Science Education and Research (IISER) at Bhopal today.
The proposed amendments will affect the Reserve Bank of India Act, the Banking Regulation Act, and the State Bank of India Act, among others.
"The current amendment ensures that there will be no additional tax burden on people," the Finance Minister said.
In the Lok Sabha, Union Finance Minister Nirmala Sitharaman will introduce the Appropriation Bill and Finance Bill
Chief Minister Mamata Banerjee today wrote to Union Finance Minister Nirmala Sitharaman to withdraw the 18 per cent GST on life and health insurance policies and to allow deductions in the new tax regime under section 80C and 80D of the Income Tax Act.
