CFO News
DECEMBER 21, 2024
When popcorn is mixed with sugar (caramel popcorn), its essential character changes to that of a sugar confectionary, and would therefore be classifiable under HS 1704 90 90 and attract an 18 per cent GST, as per the clarification.
CFO News
DECEMBER 21, 2024
The GST council met on Saturday. It decided to not tax gift vouchers. Used cars purchased by businesses will face an 18% tax. This includes electric vehicles. The tax on fortified rice kernels is reduced to 5%. A decision on insurance product tax rates is postponed. The council clarified tax rates for different types of popcorn.
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CFO News
DECEMBER 21, 2024
The initiative, launched in November 2020, covers 14 key sectors and has already delivered milestones. The program has catalyzed investments worth Rs1.46 lakh crore (USD 17.5 billion), spurred production and sales of Rs12.50 lakh crore (US$150 billion), and boosted exports to Rs4 lakh crore (USD 48 billion).
CFO News
DECEMBER 21, 2024
The regulatory authority has levied financial disincentives of Rs 33,31,000/-, Rs 5,93,000/-, Rs 8,14,000/-, and Rs 6,82,000/- for the quarters ending March 2023, June 2023, September 2023, and December 2023, respectively.
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CFO News
DECEMBER 21, 2024
Representing Maharashtra in the pre-Union Budget meeting held in Jaisalmer, Minister Aditi Tatkare on Saturday assured that Maharashtra would play a pivotal role in India's journey towards becoming a $5 trillion economy.
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
CFO News
DECEMBER 21, 2024
India secures a USD 350 million loan from the Asian Development Bank (ADB) to bolster its logistics sector. This funding, part of the Strengthening Multimodal and Integrated Logistics Ecosystem (SMILE) program, will support policy reforms aimed at enhancing efficiency, attracting private investment, and improving supply chain resilience. The program will also promote sustainable economic growth and job creation.
CFO News
DECEMBER 21, 2024
The 55th GST Council meeting unveiled several important decisions that will have a lasting impact across various sectors, from healthcare and finance to the automobile industry. While some changes, such as the increase in GST for used EVs and the new popcorn tax structure, have sparked concerns about complexity and cost, others, such as the exemption for gene therapy, have been widely welcomed by experts.
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