The PM said the reforms, effective 22 September, are a ‘double dose’ for support & growth, & are ‘related to Matrishakti’ (motherly power), benefiting the common person.
New Delhi: In a significant simplification in the GST regime, which will benefit the common man, Finance Minister Nirmala Sitharaman on Wednesday announced consolidation...
Panel suggests raising GST on EVs to 18% from 5 % for Rs 2-4 mn cars, 28% for those above Rs 4.5 mn, calling them imports for the ‘upper segment’ rather than locally made vehicles.
A lesser-known reality of the GST is that it has a total of eight tax slabs, excluding the exemptions. These start at 0.25 and go all the way up to 28 per cent.
The states ministers' panel also recommended an additional levy on high-end luxury cars and other luxury items which are proposed to be taxed at a new rate of 40%.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
Armani built a multibillion-dollar global brand from something as simple as an unstructured jacket, and broke down the walls between formal and casual.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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