Chillai Kalan Begins, Srinagar Sees Coldest December Night In 50 Years

Chillai Kalan, the 40-day period of harshest winter, commenced in Kashmir on Saturday with Srinagar experiencing its coldest December night in five decades at minus 8.5 degrees Celsius, according to the meteorological department. Minimum temperatures dropped several notches below the freezing point in other parts of the valley as well. In Srinagar, the temperature came…

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GST Council Increases Tax On Used EV Car Sale By Business

The goods and services tax council on Saturday decided to levy an 18 per cent GST on margin value on the sale of used electric vehicles by businesses and agreed to keep jet fuel (ATF) out of the ‘one-nation-one-tax’ regime. The GST Council in its 55th meeting also decided to clarify on taxability of popcorn,…

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Explained: Key Recommendations Of 55th GST Council Meet

From reducing GST rate on fortified rice kernel (FRK) to fully exempt GST on gene therapy, the 55th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman, on Saturday made some key recommendations to provide relief to individuals and businesses. The Council recommended exemption of GST on contributions by general insurance companies from third-party…

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