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EV players seek policy support after GST Council rejects demand to cut tax on lithium-ion batteries

Stakeholders say it is critical to lower the GST for a specific duration to entice consumers to wholeheartedly adopt electric vehicles until the market matures

Jammu , Jammu-and-kashmir , India , Chetan , Rajasthan , Mumbai , Maharashtra , Sohinder-gill , Nitin-gadkari , Uday-narang , Ericsson , Society-of-manufacturers-electric-vehicles

GST Council likely to levy 18% tax rate on corporate guarantees for loans

The GST Council is likely to introduce an 18 per cent tax rate on corporate guarantees extended by parent companies to their subsidiary firms for getting loans from banks, according to reliable...

India , Income-tax-act , Reserve-bank , Gst-council- , Ax-rate- , Oans ,

GST Council may bring in more products under tax

After bringing some of the pre-packaged and pre-labelled retail packs (including curd, lassi and buttermilk) under the ambit of Goods and Services Tax (GST) effective from July, the GST Council may again raise tax rates and withdraw exemptions on some more products in its September meeting, according to government sources.

Karnataka , India , Mumbai , Maharashtra , Basavaraj-bommai , Services-tax , Karnataka-chief-minister-basavaraj-bommai , Gst-council- ,

[BREAKING] Central government and States have simultaneous powers to legislate on GST: Supreme Court

In a judgment of significant import, the Supreme Court has ruled that the Central government and States have simultaneous powers to legislate on Goods and Service Tax (GST).

Indian-constitution , Gst- , Goods-and-service-tax- , Gst-supreme-court- , Article-246a , Gst-council- , Gst-council-recommendation-not-binding- , Supreme-court-news- , Supreme-court-judgement- ,

GST Council meet to focus on extension of compensation cess

GST Council meet to focus on extension of compensation cess

Karnataka , India , Kerala , Nirmala-sitharaman , Charanya-lakshmikumaran , Basavaraj-bommai , Services-tax , Union-finance-minister-nirmala-sitharaman , Indian-constitution , Covid-cess , Karnataka-chief-minister-basavaraj-bommai , Gst-council-