January 18, 2025
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Tag: goods and services tax

GST Council meet key decisions: Tax rate on popcorn revised, GST rate on sale of used cars increased, says report – Times of India

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GST council has sanctioned a rate increase to 18% from 12% for transactions involving the sale of old and used cars. GST Council Meeting latest update: The ongoing 55th GST council meeting in Jaisalmer is addressing crucial taxation matters, including revisions for AAC blocks, fortified rice and flavoured popcorn categories.According to ET’s Deepshikha Sikarwar, the…

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GST collections for March 2024 hit second-highest record level of Rs 1.78 lakh crore; FY24 mop up crosses Rs 20 lakh crore – Times of India

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GST Collections March 2024: In a boost for the economy, the gross Goods and Services Tax (GST) collections for the month of March came in at the second highest ever level of Rs 1.78 lakh crore. This is an 11.5% year-on-year growth, according to the Ministry of Finance.This increase was primarily fueled by a significant…

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Essential to have a holistic approach to grab the space vacated by China in textile sector: SIMA – ET Retail

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Representative Image Coimbatore: Textile and clothing sectors must have a holistic approach with a long-term vision to seize the opportunity in the global market, industry officials said on Saturday. Textiles and clothing industries are the second largest employment provider after agriculture generating Rs 30,000 crore as Goods and Services Tax revenue and USD 44 billion…

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