2024-09-10 12:04:34 pm | Source: PR Agency
Reaction Quote on GST Council by Mr. Shivashish Karnani, Head of GST, at DPNC Global
Below the Reaction Quote on GST Council by Mr. Shivashish Karnani, Head of GST, at DPNC Global
"The council has taken various rate rationalisation measures like reduction of GST on cancer drugs from 12% to 5%, namkeens, sharing helicopters for pilgrimage which will lessen the burden on consumers. Council has also decided that foreign airlines will be exempt from GST on services imported from related parties which will help in settling ongoing litigations. For B2C transactions, e-invoicing will be introduced on a voluntary basis which will allow consumers to check invoices and also help foreigners to claim refunds of the GST paid in India. GOM has been established to work out lower rates on insurances including medical, group and health. To curb revenue leakage on metal scrap, GST under RCM is proposed. The new regime for the gaming sector has given a boost to the GST collections and is up around 412% on a 6 months comparative basis."
Above views are of the author and not of the website kindly read disclaimer
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or
investment advice. Investments in financial markets are subject to market risks, and past performance is
not indicative of future results. Readers are strongly advised to consult a licensed financial expert or
advisor for tailored advice before making any investment decisions. The data and information presented
in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the
content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
FIIs stood as net sellers in equities as per October...
EcoCapsule Oct'25: Growth With (Purse) Strings Attac...
Daily Market Commentary : Nifty ended lower by 96 po...
Quote on Market Closing Commentary by Sudeep Shah, H...
Perspective on Markets 24th 2025 by Mr. Vikram Kasat...
Inputs on FPI by Shrikant Chouhan, Head Equity Resea...
MOSt Market Roundup : Nifty opened on a positive not...
Chanda Kochhar ? Rise and Fall of ICICI Bank`s Forme...
Quote on Market Wrap 24th October 2025 by Mr. Ajit M...
Nippon India Mutual Fund Dominates volumes in Gold &...
More News
Quote on Real Estate Sector- RBI MPC's decision to Cut the Repo Rate by Mr. Sahil Agarwal, C...
Debt Outlook : MPC Cuts Rates, Keeps Neutral Stance to Balance Growth & Risks Says Puneet Pal, Head Fixed Income, PGIM India Mu...
Quote on RBI MPC Policy by Mr. Niraj Kumar, Chief Investment Officer, Future Generali India Life Insurance
Perspective on CPI Data by Ms. Madhavi Arora, Chief Economist, Emkay Global Financial Services