55th GST Council Meeting

GST Council Meeting: What's Getting Cheaper And What's Getting Pricier?
After several key recommendations during the 55th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman, prices of various goods and services are likely to fluctuate. The meeting was held on December 21 in Rajasthan’s Jaisalmer,
GST Council Meeting: Here’s What Will Be Cheaper And What’s Set To Get Expensive
Vouchers: The GST Council has recommended no GST on the transaction in vouchers as they have been classified neither as a supply of goods nor as a supply of services. Penal Charges: No GST payable on penalties collected by banks and NBFCs for non-compliance with loan terms.
GST Council Raises Tax Rate On Used Small Cars To 18%
The GST Council raises tax on used small cars, including electric vehicles, from 12% to 18%, impacting the growing used car market in India.
GST Council Meeting: 5% Tax On New EVs, Food Delivery Tax Decision Deferred
Council meeting, chaired by Finance Minister Nirmala Sitharaman, introduced significant tax relief measures aimed at fostering economic growth and supporting critical sectors. The council exempted payment aggregators from GST on transactions below Rs 2,
GST council 55th meeting announces tax rate changes and compliance reforms
Among other changes in rates, the council has extended the concessional 5% GST rate on food inputs that are supplied for food preparations intended for free distribution to economically weaker sections under a government program subject to the existing conditions.
55th GST Council Meeting: key Proposals
"The decision on imposing distinct taxes for food delivery, quick commerce, and platform services has been deferred. Despite widespread speculation in the media over the past week," explained FM Sitha
GST Council's popcorn taxation sparks backlash on social media
The GST Council's proposal of different rates on popcorn—5% for salted, 12% for branded, and 18% for caramel—has sparked ...
The Financial Express18h
Social media roasts GST Council: From popcorn jabs to ‘tax terrorism’, THESE memes will leave you in splits!
From playful jabs about tax calculators in movie theatres to imaginative takes on caramelised popcorn’s 18% rate, the ...
cnbctv1819h
Newsletter | GST council decisions; Banks can now charge higher penalties for credit card defaults & more
From the highlights of the GST council decisions to banks now being able to charge higher penalties for credit card defaults ...
GST Council decisions likely to impact market; auto, insurance stocks to be in focus today, December 23
Union Finance Minister Nirmala Sitharaman announced a GST rate hike for second-hand automobiles, including electric vehicles, ...
How to tax popcorn? GST council’s formula sparks outrage
India's controversial popcorn tax system sparks outrage and criticism, with opposition questioning the complex GST rates.
GST Council clears "track and trace" mechanism, cigarettes and pan masala likely first targets
The GST Council will track cigarettes and pan masala to stop tax evasion. A unique code will be placed on products. This will ...
GST Council exemption on vouchers to benefit FMCG players
The Department of Revenue, prior to recent judicial or legislative clarifications on the taxability of vouchers under the ...
GST Council Postpones Major Decisions, Key Issues Left For Further Deliberation
The GST Council also discussed the imposition of GST on quick commerce services, e-commerce, and food delivery platforms, but ...