Latest Updates Around The World
In particular, the Life Insurance Council had recommended to reduce the GST rate on policies to zero with an equal reduction in tax rates for reinsurance and committees also to prevent anomalies for anomalies. The exemption from goods and service tax (GST) about individual life and health insurance policies will encourage the policyholders a little […]
While the GST reforms of India are praised as a catalyst to stimulate growth and reward investors of shares, not all shares have emerged as winners. The GST on coal was raised to 18% compared to the earlier 5%, with the influence of assets. On Thursday, Coal India remained flat, while NLC India, Tata Power […]
Shares of car manufacturers Tata Motors and Mahindra & Mahindra came under pressure on Monday after reports emerged that the Group or Ministers (GOM) panel suggested that they increase GST on luxury electric vehicles. Tata Motors fell by 1%, while M&M lost more than 2%. Hyundai also deposited 0.2% lower. The move occurs at the […]
New Delhi: the sale of passenger vehicles decreased for the fourth consecutive month in August with car manufacturers who checked shipments to dealers prior to the announcement of revised GST rates later this month. According to estimates from the industry, no fewer than 330,000 vehicles were sent from factories to dealers last month, a decrease […]
Automotive Tyre Manufacturers Association (ATMA) On Monday, a reduction in the GST rates on tires for cars up to 5 percent compared to the current 28 percent, whereby the government was encouraged not to treat it on the same footing with luxury goods. The body mentioned its impact on important sectors such as transport, agriculture, […]
You may not qualify for the GST/HST credit if one of the following applies: You will not be considered a resident of Canada You are exempt from paying taxes You must have 90 consecutive days or more in prison or a comparable institution The intended recipient of the credit has passed away Receive free financial […]
