AnyTV News
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Automobiles
  •  
    • Lifestyle
    • Health
    • Education
    • Viral News
    • Agriculture
    • Astrology
    • Election
No Result
View All Result
  • Select Language
    • English
    • हिंदी
    • ગુજરાતી
  • Advertise With Us
AnyTV News
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Automobiles
  •  
    • Lifestyle
    • Health
    • Education
    • Viral News
    • Agriculture
    • Astrology
    • Election
No Result
View All Result
AnyTV News

GST Council approved major reforms, Finance Minister gave information –

by Aaryan Srivastav
December 22, 2024
GST Council approved major reforms, Finance Minister gave information - India TV Hindi

Photo:PTI/FILE GST Council meeting held.

The GST Council, chaired by Finance Minister Nirmala Sitharaman, took important decisions in its 55th meeting, which aims to streamline the taxation system and curb tax evasion. However, the council deferred a decision on reducing the tax rates for insurance premiums, citing pending inputs including recommendations from the Insurance Regulatory and Development Authority of India (IRDAI).

Track and trace system approved

Taking a historic decision, the Council approved the implementation of track and trace mechanism for theft-prone items. The system will place a Unique Identification Mark (UIM) on specified items or their packages, helping authorities trace them in the supply chain. It aims to include a provision through Section 148A in the CGST Act, 2017, to empower the Government to put in place a mechanism to track and trace products prone to tax evasion.

No decision regarding GST on insurance premium

Finance Minister Nirmala Sitharaman said no decision was taken regarding reduction in GST on insurance premiums as the Group of Ministers (GO) needed more time to study the issue. He said that suggestions are awaited from many parties including insurance regulator IRDAI. He further said that the GST Council has also postponed the decision regarding rate rationalization, as the GoM needs more time for a comprehensive study.

18 percent GST on old car

At the same time, the GST Council decided to impose 18 percent GST on the margin value of old electric vehicles purchased for business use. Nirmala Sitharaman said the GST Council has also postponed the decision regarding rate rationalization as the GoM needs more time for a comprehensive study.

Explanation about popcorn tax

The GST Council on Saturday agreed to issue clarification regarding tax on popcorn. The council said pre-packaged and labeled ready-to-eat snacks will be taxed at 12 per cent. The GST Council said that if the snacks are caramelised, then 18 per cent GST will be applicable on them. Ready-to-eat popcorn with added salt and spices, if pre-packed and unlabelled, currently attracts five per cent GST. If it is packaged and prepared with labels, 12 percent GST is levied. However, when popcorn is mixed with sugar (caramel popcorn), its basic properties become similar to sugar confectionery, and as per the clarification, it will attract 18 per cent GST.

Latest Business News

SendShareShareTweetSharePinShareSend

Related Posts

Trump will put 35 percent tariff on Canada, threatened by giving reasons
Business

Trump will put 35 percent tariff on Canada, threatened by giving reasons

by Aaryan Srivastav
July 14, 2025
safds
Business

Stock market weak start on the very first day of the week, 150 points in Sensex declined

by Aaryan Srivastav
July 14, 2025
afds
Business

Investors got thatch returns in 5 years, this stock of Rs 10 lakh from Rs 10 to Rs. 1.40 lakh, plan for investment today

by Aaryan Srivastav
July 14, 2025

Latest News

;;;;;;;;
Lifestyle

Has not yet been deposited in your bank account, then the installment of PM Kisan Yojana, then know how

by Kavita Nagar
July 14, 2025
sdgf
Astrology

First Monday of Sawan, know the rule of worship method, importance, rules and Jalabhishek

by Sandhya Hirani
July 14, 2025
डेविड कोरेन्सवेट की Superman बनी Box Office पर सुपरहिट, जानिए पहले वीकेंड का कलेक्शन
Entertainment

Superhit on Box Office of David Cooresvet became super hit, know the first weekend collection

by Sandhya Hirani
July 14, 2025
The thief was running away from the jewelery shop stealing gold chain, the owner did this ... CCTV footage came in front
News

The thief was running away from the jewelery shop stealing gold chain, the owner did this … CCTV footage came in front

by Ankita Sharma
July 14, 2025
AnyTV News

AnyTVNews is a prominent digital news channel in India, known for delivering the latest updates on politics, sports, entertainment, and local events. The channel’s dedicated team of journalists and reporters ensures that viewers receive accurate and timely information from every corner of country. AnyTVNews has built a reputation for its fast and reliable news service, making it a trusted source for the people of India. The channel’s programs and news bulletins are highly popular among viewers, establishing AnyTVNews as a significant player in the news landscape.

CONNECT WITH US

TRENDING TOPICS

  • Agriculture
  • Astrology
  • Automobiles
  • Business
  • DIY
  • Education
  • Election
  • Entertainment
  • Gadgets
  • Health
  • India
  • Internet
  • Lifestyle
  • Mobile
  • News
  • Opinion
  • Politics
  • Regional
  • Sports
  • Technology
  • Uncategorized
  • Viral News
  • World

READ NEWS IN

  • Hindi
  • Gujarati
  • English

FOLLOW US ON

Follow us on Google News
  • About Us
  • Advertise With Us
  • Disclaimer
  • DMCA Policy
  • Privacy Policy
  • Contact Us

© 2025 AnyTV News Network All Rights Reserved.

No Result
View All Result
  • Select Language
    • हिंदी
    • ગુજરાતી
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Lifestyle
  • Health
  • Automobiles
  • Education
  • Viral News
  • Agriculture
  • Astrology
  • Election
Follow us on Google News

© 2025 AnyTV News Network All Rights Reserved.