Tag: goods and services tax

Shares of Indian IT majors slumped up to 3% on Friday, with Tata Consultancy Services (TCS), Infosys, and Wipro leading sectoral losses after TCS’s first-quarter earnings showed sluggish growth and failed to reassure markets amid...
( Representative AI image) Asian markets were mixed on Friday as investors stayed cautious despite Wall Street hitting record highs.Chinese markets led regional gains, with the Hang Seng Index in Hong Kong surging 1.6%...

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

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

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

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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