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Economy

Caramelised popcorn’s sweetness in jeopardy? Sitharaman’s GST clarification adds a tangy twist

The GST Council, led by Finance Minister Nirmala Sitharaman, has clarified the tax treatment of popcorn. It has been decided that pre-packed and...
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Economy

GST Council ups tax on sale of used cars; says rate on popcorn depends on flavor

The 55th goods and services tax (GST) council meeting is underway in Jaisalmer, where several key decisions are being taken including clarification tax...
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Economy

Tax panel may consider lowering GST on online food delivery fees, report says

GST Council, chaired by the federal finance minister, may lower the tax on food delivery charges by e-commerce operators to 5% from 18%,...
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Business

Revenue secretary Sanjay Malhotra to be next RBI governor

Revenue secretary Sanjay Malhotra (File photo) NEW DELHI: Government on Monday sprung a surprise by naming revenue secretary Sanjay Malhotra, 56, as...
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Economy

Budget home threshold may be hiked to Rs 55 lakh

New Delhi: The group of ministers (GoM) tasked by the Goods and Services Tax Council to look into application of GST for real...
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Economy

insurance GST: GoM suggests higher GST rates for premium products, relief for senior citizens’ health insurance

A group of ministers (GoM), tasked by the Goods and Services Tax (GST) Council to look at rate rationalisation, has suggested changes in...
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Economy

GST relief for foreign airlines, academic institutions

New Delhi: Foreign airlines operating in India will not be liable to goods and services tax (GST) on services provided by the head...
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Economy

GST bodies get power to waive off certain penalties

New Delhi: The government has notified changes to goods and services tax (GST) laws, empowering GST authorities to waive off certain interest and...
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