Congress leader Ranjeet Ranjan on Tuesday slammed the government over the move to have three different GST rates on popcorn and said people were already reeling under high prices and an effort is being made to divert from real issues.
At the GST Council meeting on Saturday, the council recommended 18 per cent GST on the margin of sale of all old and used vehicles, including EVs. Earlier different rates of GST were leviable on old vehicles and old EV sales.
The GST rate on popcorn remains unchanged following the recent GST Council meeting. A request from the State of Uttar Pradesh sought clarification regarding the classification and GST rate applicable to popcorn mixed with salt and spices.
Congress veteran and Rajya Sabha MP Jairam Ramesh on Sunday took a potshot over the GST Council's clarification on three different GST tax slabs for popcorn.
The participants in the market will be keenly monitor Foreign Institutional Investments (FIIs) flow trends, global market performance, and Initial Public Offering activities in the domestic markets for the direction, stated market analysts.
No major decisions were made during the 55th meeting of the Goods and Services Tax (GST) Council, held in Jaisalmer. The Council postponed key decisions on issues such as rate rationalisation and the determination of tax rates on insurance premiums.
"Thankfully, it wasn't taken up and we will also ensure that in the future, something like this is not considered because it would be life-threatening to our Pashmina shawl industry...," CM Omar Abdullah said.
Union Finance Minister Nirmala Sitharaman chairs the 55th meeting of the Goods and Services Tax (GST) Council which is underway in Jaisalmer of Rajasthan on Saturday.
Sitharaman was welcomed by Rajasthan's Deputy Chief Minister Diya Kumari and other state government officials upon her arrival at the Jaisalmer airport.
The proposed rationalisation of GST rates on health and life insurance products will be on the agenda for the upcoming Council meeting on Saturday in Jaisalmer, sources said.
The Goods and Services Tax (GST) collections have gone up by 9.3 per cent so far in the current fiscal 2024-25 to Rs 14.56 lakh crore. In the April-November period of last year, the tax mop-up was Rs 13.32 lakh crore.
Kapoor stated, "As was pointed out, we probably need to look at the taxation on batteries. Additionally, if someone provides charging as a service, GST becomes higher as it is treated as a service. This issue has already been flagged to the concerned authorities, but decisions on GST lie wit