Tag: goods and services tax

AU Small Finance Bank to shift HQ to Mumbai

Business
MUMBAI: AU Small Finance Bank's promoters will transfer their shares to a non-operative holding company (NOHC) as part of RBI's conditions for the lender's transition into a full-fledged or universal bank. The lender...

Trump hits pause on trade talks with India, plays up tariff issue

Economy
US President Donald Trump has ruled out the possibility of trade negotiations with India until the issue of tariffs is resolved.“No, not until we get it resolved,” Trump told reporters in the Oval Office on...

GST Council meet key decisions: No GST on bank penal charges, clarity on tax rate on popcorn & more – top announcements

Business
GST council has sanctioned a rate increase to 18% from 12% for transactions involving the sale of old and used cars. GST...

GST Council to hold 55th meet on December 21 in Jaisalmer, Rajasthan

Economy
Union Finance Minister Nirmala Sitharaman will meet her state counterparts on December 21 in Jaisalmer, Rajasthan, for the 55th GST Council meeting. Key...

Softy ice-cream mix attracts higher GST: It’s mainly sugar not milk holds GST-AAR

Business
MUMBAI: Is a softy ice-cream mix made of milk or sugar? According to a recent ruling given by the GST Authority...

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