Go to Babushahi ਪੰਜਾਬੀ
Go to Babushahi हिन्दी
About us
Babushahi Team
Archive
Advt
Assembly Polls-2017
Contact us
Login
|
Register
Jul 07, 2025 04:38 AM IST
Home
Punjab-Chandigarh
Haryana-Himachal
National
World News
Photo Gallery
Video Gallery
Email Alert
Tirchhi Nazar
Career-Education
Entertainment
Books-Literature
Technology and Trends
Baljit Balli,
Editor
NEWS FLASH
Jul 06, 2025
BSF foils cross-border smuggling attempts; Heroin, opium, and pistol parts recovered
Jul 06, 2025
49 HPS officers transferred; View list
Jul 06, 2025
Top News Stories of July 6 till 8:30 pm (One Minute Read )
Jul 06, 2025
Haryana Embraces Digital Power: Over 49 lakh consumers pay bills online
Jul 06, 2025
Punjab CM Mann vows to make the state no. 1 in every field, hails education revolution and NAS triumph
Jul 06, 2025
Day 127 of Yudh Nashian Virudh: 143 drug smugglers held with 3.5 kg heroin, 1.5 kg opium
Jul 06, 2025
Punjab Vidhan Sabha session from July 10
Jul 06, 2025
Clash among Takth Jathedars a grave threat to Sikh unity: Former Punjab Speaker
Jul 06, 2025
Delhi LG opposes ban on old vehicles, writes to Delhi CM Rekha Gupta
Jul 06, 2025
Mann, Kejriwal attend Antim Ardas of Tarn Taran MLA Dr. Kashmir Singh Sohal, mourn his untimely demise
Jul 06, 2025
Monsoon havoc in Himachal: 78 dead, 50 rain-related, 28 in road accidents
Jul 06, 2025
Oxford University Press launches 7th edition of Oxford Big Read Global Challenge to ignite reading passion in Indian students
Jul 06, 2025
New Balance marks its Chandigarh debut with a dynamic 5K run
Jul 06, 2025
ASI’s son found dead days after returning from Italy
Jul 06, 2025
Iran orders millions of Afghans to leave country or face arrest as deadline ends
GST Council revises GST rates on many items
By :
Babushahi Bureau
First Published :
Sunday, Dec 22, 2024 09:24 AM
Updated :
Sunday, Dec 22, 2024 02:05 PM
Twitter
Whatsapp
Send Email
×
Email this news
← Go Back
Twitter
Whatsapp
Send Email
×
Email this news
← Go Back
GST Council revises GST rates on many items
Jaisalmer, December 22, 2024 (ANI): 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 important matters, including taxes on food and non-food items, and taxes on the sale of electric vehicles.
The GST council provided the reduction of the compensation cess rate to 0.1 per cent on supplies to merchant exporters, aligning it with the GST rate on such supplies.
The GST Council also reduced the rate on fortified rice kernels to 5 per cent. The Finance Minister clarified that ACC blocks containing 50 per cent fly ash will attract a 12 per cent GST rate. She also stated that black pepper and raisins supplied directly by farmers will be exempt from GST.
Additionally, Sitharaman clarified that payment aggregators handling payments of less than Rs 2,000 will be eligible for an exemption. However, she noted that this decision does not extend to payment gateways or fintech companies.
The Finance Minister further clarified that no GST will be levied on penal charges imposed by banks and non-banking financial companies (NBFCs) on borrowers for non-compliance with loan terms.
Sitharaman also announced that the Group of Ministers (GoM) working on the compensation cess issue would be given an extension.
Regarding the inclusion of Aviation Turbine Fuel (ATF) under GST, Sitharaman confirmed that the decision was deferred after states raised concerns. She said, "There will be no change in the taxation of ATF, and no GoM will be appointed for this issue."
On the matter of health insurance, the GST Council provided relaxation to the GoM to decide on the reduction of GST rates on insurance premiums. Sitharaman noted that the GoM felt more time was needed for broader deliberations to determine an appropriate tax rate on insurance premiums.
The GST Council also discussed the imposition of GST on quick commerce services, e-commerce, and food delivery platforms, but no decision was reached. Sitharaman mentioned that the Council also considered the taxation of popcorn and agreed that items with added sugar should be categorized separately. Salted popcorn will be taxed at 5 per cent, but when sugar is added, it will fall under a different category, she clarified.
On the subject of electric vehicles (EVs), Sitharaman stated that the GST Council intends to promote EVs, which will be taxed at 5 per cent. She confirmed that used EVs sold between individuals will not attract GST. However, if an EV is purchased by a company, modified, and resold, it will be taxed at 18 per cent.
The GST will apply to the margin value between the purchase price and selling price of the used EV, she explained.
Sitharaman further stated that the GoM will review the decision on implementing a cess for disaster management funding and will also take a closer look at health and insurance-related issues. However, she added that no timeline had been determined for these reviews.
The GST Council could not reach a decision on the taxation related to Floor Space Index (FSI), and this matter remains under consideration.
Overall, several important decisions were made, many key issues were deferred for further analysis and discussion by the relevant committees. (ANI)
Twitter
Whatsapp
Send Email
×
Email this news
← Go Back
Twitter
Whatsapp
Send Email
×
Email this news
← Go Back
More Business News
APS successfully hosts thrilling Vajra Corps Inter Table Tennis Tournament
India ranks as the world’s 4th most equal society: World Bank report
Centre urges consumers to use only Bureau of Indian Standards (BIS) certified helmets for ...
Good news for apple farmers: Centre raises minimum import price of apples
BMW Group India records highest-ever H1 car deliveries, on fast-track with 10% growth
U-Turn of Delhi government; Requests CAQM to keep in abeyance the refuel ban on old vehicl ...
Haryana eyes $ 1 trillion economy, 50 lakh jobs by 2047: CM Saini at ULB Conference
Gujarat becomes the 3rd Indian state to cross 1 crore stock market investors. Which are th ...
RBI bars pre-payment charges by banks for transfer of floating rates loan of individual bo ...
Slow start to Delhi’s fuel ban: See how many vehicles seized on Day 1
Punjab posts record 44.44 % GST growth in June; highest-ever Q1 revenue surge at 27.01 %
No further hike in cement prices expected amid weak demand and monsoon season: Report
Kurukshetra-born Entrepreneur Pankaj Bajaj Honoured by Haryana Minister for Startup Innova ...
UK: Pukaar Group Launches “Brit Punjabi” – A New Digital Platform for the UK’s Sou ...
Govt proposes to make two helmets mandatory for new 2-wheelers
Northwest States shine in direct selling, surpass Rs 2,172 crore in sales
India imposes anti-dumping duties on plastic processing machines from China, Taiwan
Favourable monsoon to boost India's sugar output, prices will remain range-bound: CRISIL
Trident Group reinforces commitment to healthy, safe workplaces with anti-drug awareness d ...
Indian markets closed at highest level of 2025, Sensex closes at 82,755 and Nifty at 25,24 ...
Reliance vision is to do business that impacts lives of all Indians: Mukesh Ambani
Silver prices poised to go up on rising demand, declining supply: Report
Coal stock at thermal power plants hits record 58.25 MT, enough for 25 days of consumption ...
Tesla only keen on selling their cars in India, no further plans: H D Kumaraswamy
WEF shares top 10 emerging technologies of 2025 that will impact next 3 to 5 years
"No one from group has been charged by US Department of Justice", says Gautam Adani
Qatar Airways reinstates flights as airspace reopens
Indigo resumes operation on Middle Eastern routes as airports reopen
Mohali’s Marbella Royce declared region’s first iconic building by Punjab Govt
Punjab witnessing historic industrial revolution driven by progressive policies: Minister ...
Minister Tarunpreet Sond inaugurates Rs 300 crore Ortech Textiles plant, hails Punjab’s ...
Tata Motors launches the new Altroz; Check out its base price
How to invest in HDB Finance's IPO through HDFC Sky
Surge in oil prices amid Middle East tensions poses fresh challenges for Indian airlines: ...
30 Rural TB survivors trained as Community Champions to support TB-Free India Mission
FASTag Breaking: "Pay Once, Drive Freely, ": Annual FASTag pass introduced for highway tra ...
Household demand revival still tentative as high debt levels and weak income posing challe ...
Haryana emerges as the 7th largest state in India for startups
COP30 carbon plans may fall short of Paris agreement: Moody's Report
Household savings in India drop to 18.1% of GDP in FY24: CareEdge Ratings
Adani Green Energy ranks highest in NSE's ESG power sector benchmark
ONGC takes control of Rudrasagar Well in Assam to control gas blowout
'Crop is badly affected by weather': Cherry growers in Himachal disappointed by poor yield
RBI likely to further ease rates after a brief pause as second half of FY26 may need addit ...
Driven by AI and Cloud computing, Digital Economy of India is projected to grow by 13.4%
Capgemini named transformation partner for India's first Rugby Premier League
RBI to re-issue Sovereign Green Bonds of Rs 5000 cr in upcoming Rs 30,000 cr govt securiti ...
By 2030, India to see 43 % surge in extreme rainfall intensity, 2.5 fold rise in heatwave ...
Major relief to industrialists as CM Mann, Kejriwal to launch 'Fast Track Punjab Portal'
Centre eases SEZ rules to boost semiconductor, electronics component manufacturing
Elon Musk owned Starlink set to launch services in India within two months: Reports
Audi India launches Audi A4 signature edition
Electric passenger vehicle sales cross 4% first time in May 2025: FADA
Sunil Gupta Gets Three-Year Extension as Vice Chairman of Punjab Economic Policy & Plannin ...
RBI Slashes Repo Rate by 50 bps to 5.5%; Loans Likely to Become Cheaper
Gold emerges as potential High-quality liquid asset: World Gold Council
Amul launches milk in Spain
Starlink to launch satellite network service in South Korea
Business World Breaking: Paraguay President Meets Trident Group Chairman Rajinder Gupta to ...
Trump's executive order on reducing prescription drug prices will have limited impact on I ...
India is country of opportunities, fastest beauty products market in world: L'Oreal chief
India issues operational guidelines for EV manufacturing scheme
Tesla not interested in manufacturing in India, but many European countries have shown int ...
Hero MotoCorp dispatches 5.08 lakh two wheelers in May 2025, registers 5 lakh Vahan regist ...
Punjab registers record 25.31 % growth in GST collection for May 2025: Minister Harpal Che ...
IndiGo places order for another 30 Airbus A350 planes
Major changes from June 1: What it means for your pocket
India's ultra-rich population to rise 50% by 2028, fastest globally: Report
Trump's revised tariffs on steel and aluminium threaten India's USD 4.56 Billion exports t ...
India's GDP grew 6.5% in 2024-25, 7.4% in Q4: Official data
KONE India accelerates North India expansion with strategic Mohali office
No More ‘100%’ Claims: FSSAI warns Food Businesses on misleading labelling
US Dollar weakness opens door for RBI to further cut repo rates by 75bps in 2025: Jefferie ...
Income tax return filing deadline extended
Worldline gets RBI nod to facilitate cross-border online transactions for import-export
Neeraj Chopra becomes Audi India's new brand ambassador
Global trade war is the biggest investment risk in 2025 for family offices: UBS survey
Amritsar Airport records 3.54 million passengers in FY2024-25, 343,384 in March Alone: Fly ...
India's forex reserves dip about $5 billion in the week ending May 16
India overtakes Japan to become 4th largest economy at USD 4 trillion: NITI Aayog CEO
"Made in India iPhones will still be cheaper in the US, even with Trump's 25% tariff: GTRI ...
S-A Law offices streamline legal operations with Harvey AI, ushering in a new era of effic ...
US dollar is now on a long-term downward path: Jefferies
Adani Group to invest Rs 1 lakh crore in North East over 10 years: Gautam Adani
Reliance to invest Rs 75,000 crore in North East over next 5 years: Mukesh Ambani
Kia India launches Phase III of project D.R.O.P in Punjab, Haryana to tackle plastic waste
Centre slashes Punjab’s borrowing limit by Rs 16,676 crore
IndiGo issues travel advisory for Goa amid heavy rain, warns of flight delays
Mukesh and Nita Ambani named in TIME's 100 most influential in philanthropy for 2025
Airtel partners with Google to offer 100GB free Cloud storage for postpaid, Wi-Fi users
Himachal apple farmers demand complete ban on Turkish imports citing support to Pakistan
Trident Group hosts R-R Extravaganza in Madhya Pradesh's Budhni: A night of culture, conne ...
ICRA changes telecom tower industry's rating to stable from negative
India's forex reserves hit 7-month high of $690.6 billion
US President Trump's 5% tax on remittances to significantly impact Indian households: GTRI
Jio tops data internet, call setup success rate in TRAI tests; Airtel had the least call d ...
CAIT calls for complete trade boycott of Turkey, Azerbaijan over support to Pakistan
Himachal leader of Opposition Jairam Thakur backs the call to ban import of Turkish apples
NBFCs outpace banks in lending MSMEs, growth will continue to persist: CareEdge
"Nation first, business later": EaseMyTrip's Nishant Pitti echoes boycott Turkey, Azerbaij ...
"Ban Turkey" trend gains momentum in Pune as traders boycott Turkish apples amid India-Pak ...
IndiGo announces flight cancellations at six locations for today
Air India announces flight cancellations at 8 locations for today
Stocks skyrocketed on India-Pak understanding, US-China tariff deal; Sensex soars 3,000 po ...
Nearly half of financial planners worry about AI's data privacy, security risks: Report
Rupee likely to remain in Rs 85-87 range against USD in 2025: SBI Report
Revised TCS Rates on Foreign Exchange Transactions Under LRS Effective April 1, 2025
Dollar dips, gold soars in Trump 2.0's first 100 days
SBI expects inflation in India to remain below 3 % in the first quarter of current fiscal
SBI research predicts aggressive rate cuts by RBI in FY26 amid benign inflation
India's screen entertainment market to touch USD 17 billion by 2029: Report
Netflix's India investments generated over USD 2 billion in economic impact post-COVID: Co ...
Global automakers eye India as reciprocal tariffs on China raise vehicle costs in US: Nomu ...
Record GST collection in April 2025 in Punjab, read details
Haryana rises to 4th rank in gross GST collections nationwide
NSE launches Nifty Waves Index comprising 43 listed media stocks
RBI reshuffles deputy governor portfolios following Poonam Gupta's appointment
New Pizza Brand "PIZZAFY" Debuts in Chandigarh, Blending Gourmet Flavors with Budget Frien ...
Anant Ambani to assume Executive Director role at Reliance Industries starting May 1
Meta Launches New AI App, Ushering in a New Era of Digital Assistance
Pro-Industry reforms yield Rs 1 lakh crore in proposals, empowering 4 lakh jobs: Minister ...
RBI directs banks to ensure ATMs dispense Rs 100, Rs 200 notes
Verka hikes milk prices; Read details
Rising gold prices to shave a tenth off organised retailers' volumes: Crisil Ratings
CCPA takes suo moto cognizance against 5 Delhi restaurants for non-refund of service charg ...
Osamu Suzuki, former CEO of Suzuki Motor, posthumously conferred with Padma Vibhushan
March saw a 6% rise in retail sales in India: Report
Indian traders to stop trade with Pakistan, decision taken by industry body CAIT
Indian goods worth over USD 10 billion reach Pakistan via third-country routes: GTRI
Employment in India grown faster than working-age population: World Bank report
Reliance posts record revenues in FY25, becomes first Indian company to cross Rs 10 lakh c ...
Indian stocks slump over risk aversion in awake of Pahalgam terror attack; Sensex down 700 ...
Indian Airlines issue travel advisory after Pakistan announces closure of airspace
Real estate investment set to soar in 2025 as 70% of investors plan to increase allocation ...
April sees unprecedented growth of India's new export orders, PMI shows
Sleep deprivation a silent productivity killer in Corporate India: Study
U.S. losing economic leverage to China; Jefferies suggest Investors should reduce position ...
About 91% of Central Govt's investment in FY25 focused on five key sectors: BoB Report
85% of 2030 jobs yet to be invented amid rapid industry transformation: Dell report
Fitch Ratings lowers world growth forecast due to escalation in global trade war
Skoda Auto India launches its luxury 4x4 Kodiaq
Gold hits new high, climbs over Rs 95,000 on MCX
SBI, HDFC only Indian banks in World's 100 largest by assets: S-P Global Market Intelligen ...
US 125% tariff on China could fuel India's exports by small firms made products: GTRI
India can become world's second-largest iron ore producer surpassing China and Brazil: Ved ...
Growth momentum in residential sector will continue in coming months: CBRE
Sensex jumped 1600 points Nifty up by 500 points seeing Trump's reversal as a ray of hope ...
China's major ports stall as US tariff hike to 145% disrupts trade flow, factories halt pr ...
Affordable housing stocks on a decline over sustained demand: Anarock report
Canada’s renowned fried chicken brand MB Chicken now opens in Chandigarh
Air passenger traffic between India, Singapore at their historic highs; crosses 5 mn mark ...
India is breaking silos, fostering collaboration and reimagining future with convergence o ...
UPI no more a technology, it's a population-scale habit: Sujit Nair, CEO and Co-Founder FI ...
India's forex reserves rise to USD 676 billion, fifth straight week jump
Facing rising power demands, Mauritius seeks Indian help in energy sectors
Sensex soars over 1,000 points as Trump's tariff pause sparks global market rally
Step into soul of Panjab; Ikk Panjab opens its doors to Chandigarh
Asian markets rallied after Trump announce 90-day pause on tariffs, Indian markets closed ...
Mohali: Homeland Group performs Bhumi Pujan for 5 million sq. ft. Global Park
Cheaper home, auto loans likely as RBI cuts repo rate to 6%
Top News
VIEW ALL
49 HPS officers transferred; View list
Top News Stories of July 6 till 8:30 pm (One Minute Read )
Punjab CM Mann vows to make the state no. 1 in every field, hails education revolution and NAS triumph
Punjab Vidhan Sabha session from July 10
Mann, Kejriwal attend Antim Ardas of Tarn Taran MLA Dr. Kashmir Singh Sohal, mourn his untimely demise
BSF foils cross-border smuggling attempts; Heroin, opium, and pistol parts recovered
Haryana Embraces Digital Power: Over 49 lakh consumers pay bills online
Day 127 of Yudh Nashian Virudh: 143 drug smugglers held with 3.5 kg heroin, 1.5 kg opium
Clash among Takth Jathedars a grave threat to Sikh unity: Former Punjab Speaker
Delhi LG opposes ban on old vehicles, writes to Delhi CM Rekha Gupta
Oxford University Press launches 7th edition of Oxford Big Read Global Challenge to ignite reading passion in Indian students
New Balance marks its Chandigarh debut with a dynamic 5K run
Health Minister visits Moga, assures strict action and best treatment for actress Tania’s father
Vaccinate pets regularly to stay safe from Zoonotic diseases: Dr. Himanshu Syal
SC administration writes to Centre to vacate ex-CJI Chandrachud from official residence
[ VIEW ALL TOP NEWS ]
Blogs/Opinion
VIEW ALL
From Skimming to Electronic Pickpocketing: The Evolving Threat to Your Plastic Money.....by Gurjot Singh Kaler
Gurjot Singh Kaler
Superintendent of Police, Punjab,
10 Years of Digital India: Transformation of Bharat from a Digitally Divided Nation to World’s Digital Capital: Prof. Himani Sood
Prof. Himani Sood
Pro-Chancellor -Chandigarh University
Beyond Instagram Reels: Are We Losing the Art of Real....by Minakshi Banger
Minakshi Banger
Assistant Professor, Chandigarh University
The Fatal Cost of Moral Policing: Punjab Must Wake Up.....by Gurjot Singh Kaler
Gurjot Singh Kaler
Superintendent of Police
Stockholm Syndrome in Punjab Mandis: How 'Artiyas' Keep Farmers Captive.....by KBS Sidhu
KBS Sidhu
Rtd IAS, Former Special Chief Secretary, Punjab
[ VIEW ALL OPINIONS ]
Polls
"With Punjab topping the NAS 2024 rankings in Classes 3, 6, and 9, who do you think deserves the credit for this achievement?"
Posted on:
2025-07-06
Sikhya Kranti of Bhgwant Mann Govt
School Teachers
Parents & Teachers
SHOW RESULTS
OLDER POLL RESULTS
Poll Results
Total Responses :
18
Sikhya Kranti of Bhgwant Mann Govt :
4
School Teachers :
0
Parents & Teachers :
14
Facebook
Twitter
Whatsapp
Send Email
×
Email this news
Do you Know ?
April 27 is Morse Code Day
APRIL 23 is World Book Day
March 27 is World Theatre Day
Know the speed of the shuttlecock while playing Badminton
Nostalgic Tale of a Forgotten Mailbox on World Photography Day”
August 6th is Hiroshima Day
Do you know the history of Canadian Province British Columbia? Canadian politician Dave Hayer shares facts
[ VIEW ALL ]
No of visitors
Babushahi.com
6
0
3
7
8
5
4
2
Babushahi-Data Bank
Ludhiana West Bypoll- May-June-2025
Ceasefire -Indo-Pak-War 2025
War-Indo-Pak- May 2024
Kumbh-Mahan Kumbh-Pryagraj-2025
Attack on Sukhbir Badal - Dec 2024
AkalTakhat-Sukhbir- Punishment- Dec 2024
US- Presidential Elections-2024
Canada--Mandir-attack-Khalistani-2024
Valtoha Vs Jathedar Harpreet Singh- 2024
BC-Canada Assembly Polls-2024
Top News- 2024
Panchayat Polls Punjab 2024
Chd-Kisan Morcha-UgrahanBKU-2024
Haryana Vidhan Sabha Polls-2024
Doctors Strike-Abhaya Rape Murder-2024
Babushahi Photo Feature-Aug-2024
Khalsa-Aid-2024
Bangladesh Crisis-August-2024
Paris Olympics-July 2024
Paris Olympics-2024
UK Parliament Polls-2024
Akali Dal-Revolt-2024
Hardeep Nijjar-Canada-Case 2024
Jalandhar- West Bypoll- July 2024
Trident-Group-Coverage-2024
Tirchhi Nazar
Baljit Balli
Editor
That Unforgettable Night of June 25, 1975....Remembering Emergency Days... by Baljit Balli
Read More
Classified Ads
Special Edition
Books / Literature
Oxford University Press launches 7th edition of Oxford Big Read Global Challenge to ignite reading passion in Indian students
[ CONTINUE READING ]
From Social Media
Reuters' X account withheld in India, Here's what Govt said
[ VIEW ALL SOCIAL MEDIA ]
© Copyright All Rights Reserved to Babushahi.com
Project Development by
Hambzik International
, B.C. Canada