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New Delhi: Overall Net Profit of operating Central Public Sector Enterprises (CPSEs) rose to Rs 3.22 lakh crore in FY24 as against Rs 2.18 lakh crore in FY23 showing an increase of over 47 per cent, according to an official report. The market capitalisation of CPSEs more than doubled in Fiscal Year 2024-25 as compared…
Jaisalmer: From reducing the GST rate on fortified rice kernel (FRK) to fully exempt GST on gene therapy, the 55th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman, on Saturday made some key recommendations to provide relief to individuals and businesses. The Council recommended exemption of GST on contributions by general insurance companies…
Jaisalmer: No major decisions were made during the 55th meeting of the Goods and Services Tax (GST) Council, on issues such as rate rationalisation and the determination of tax rates on insurance premiums.During the press conference, Union Finance Minister Nirmala Sitharaman shared the key decisions taken by the GST Council and provided clarity on several…
Hindi News Business Business News Update; Share Market, Gold Silver Rate, Petrol Diesel Price Today, GST, Amazon New Delhi12 minutes ago copy link Yesterday’s big news was related to GST. The 55th meeting of GST Council was held in Jaisalmer. Finance Minister Nirmala Sitharaman said that buying a second hand EV car from an auto…
Last Updated:December 21, 2024, 11:14 PM IST With regard to the decision taken about GST rate on goods, Finance Minister Nirmala Sitharaman said, the Council has decided to cut the rate on fortified rice kernel (FRK) to 5 per cent. Union Finance Minister Nirmala Sitharaman (File photo: PTI) In a significant move to plug leakage,…
GST Council 55th Meeting: The GST Council on Saturday postponed a decision on cutting tax rate on life and health insurance premiums, officials said. The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, decided that some more technicalities needed to be ironed out and tasked the…
New Delhi: Manufacturers have started to reduce the maximum retail price (MRP) on three anticancer drugs — Trastuzumab Deruxtecan, Osimertinib, and Durvalumab drugs — as directed by the government to pass on the benefits to the consumers, the Parliament was informed on Friday. The government had issued notifications to reduce basic customs duty (BCD) to…
Last Updated:December 03, 2024, 10:38 PM IST The CBIC on Tuesday said the GoM on GST rate rationalisation is yet to submit its recommendations to the GST Council, which is the final decision making body in fixation of tax rates. It said the GST Council is empowered to recommend GST rates including changes to them….
New Delhi: The GoM on GST rate rationalisation on Monday decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco and related products to 35 per cent from the present 28 per cent, an official said. The Group of Ministers (GoM) on rate rationalisation under Bihar Deputy Chief Minister Samrat Chaudhary also decided…
New Delhi: The GST Council will hold its next meeting in Rajasthan’s Jaisalmer on December 21, during which it is likely to take a decision on exempting or lowering the GST rate on health and life insurance. The council, chaired by Union Finance Minister Nirmala Sitharaman, may also take up the issue of rationalising GST…