Back

Amit Sharma

Lead Data Analyst @ ... • 2d

🚨 Breaking News: Major GST Overhaul Announced! The GST Council just dropped a game-changer: a sharp two-tier tax structure replacing the old four slabs! 🔹 New slabs: 5% & 18% standard rates 🔹 Heavy sin goods now taxed at 40% This means simpler taxes, faster refunds, and smoother compliance—huge relief for businesses across India! What’s more: 🛒 Daily essentials like toothpaste and soaps now come under 18%, down from 28% 🚜 Agriculture inputs like fertilizers and tractors get a tax cut 🏥 Healthcare benefits with GST exemptions on insurance and affordable hospital stays 🎓 Education and skill programs become GST-free 🎟️ Cinema tickets under ₹100 drop to 12% GST This is a landmark step toward an easier, more transparent tax system. The future of business just got brighter. BreakingGST #GSTReform #TaxUpdate #BusinessNews #FinanceIndia #NextGenGST #EaseOfDoingBusiness #IndiaEconomy #Entrepreneurship #StartupIndia #MSME #MakeInIndia #DigitalIndia

3 Replies
9
1
Replies (3)

More like this

Recommendations from Medial

Image Description

Amit Sharma

Lead Data Analyst @ ... • 2d

🚨 Breaking News: Major GST Overhaul Announced! 🚨 The GST Council just dropped a game-changer: a sharp two-tier tax structure replacing the old four slabs! 🔹 New slabs: 5% & 18% standard rates 🔹 Heavy sin goods now taxed at 40% This means

See More
1 Reply
11
Image Description
Image Description

Account Deleted

Hey I am on Medial • 4m

Taxes on IPL tournaments: ZERO % Taxes on Research & Development: 18 % Tax on IPL tickets for common people 18% + GST 28% + Entertainment Tax Shows the messed-up priorities in this country !

4 Replies
1
21

CA Jasmeet Singh

In God We Trust, The... • 5m

🚀 GST Compliance Checklist for the New Financial Year ✅ A new financial year means a fresh start for your GST compliance! 📆✅ Stay ahead of deadlines, avoid penalties, and ensure smooth tax filings with this essential checklist. 📊💼 🔹 Review GST

See More
Reply
1
20

Account Deleted

Hey I am on Medial • 3m

BCCI's profit is tax-free under Section 12A of the Income Tax Act, whereas IPL tickets bought by fans are subject to 28% GST.

Reply
9

Mahendra Lochhab

Content creator • 1y

HOW GOVERNMENT OF INDIA EARNS ITS 100 RUPEES Based on Earnings from different departments ₹27 - Borrowings & other liabilities ₹19 - Income Tax ₹18 - GST & Other Taxes ₹17 - Corporate Tax ₹9 - Non-Tax Receipts ₹5 - Union Excise Duties ₹4 - Cus

See More
Reply
8
Image Description
Image Description

Hiral Jain

Content writer • 1y

Greetings everyone! Let's learn about our tax system! The Indian tax system is divided into two categories: Direct (income tax) and Indirect (GST)it's an unfair tax tbh. It's because everyone pays the same tax regardless of their income. For example

See More
16 Replies
7
11
Image Description
Image Description

Karunakar

1% Better • 7m

Revised Income Tax Slabs under the New Regime (FY 2025-26): Annual Income (₹) Tax Rate 0 – 1,200,000 = 0% 1,200,001 – 1,500,000 = 5% 1,500,001 – 2,000,000 =10% 2,000,001 – 2,500,000 =15% 2,500,001 – 3,000,000 =20% Above 3,000,000

See More
6 Replies
1
9

AFFORDABLE TREND

The business should ... • 9m

Attention GST taxpayers: November 30, 2024 is last day to claim pending input tax credit by filing GSTR 3B November 30, 2024, is the last date to claim any pending input tax credit (ITC) or amend any errors or omissions in compliance with the Goods

See More
Reply
2
Image Description

Ashutosh Mishra

Chartered Accountant • 1y

GST Thread 2 What GST brings along with it - 1. Value added tax and no cascading of taxes - GST is only on the value added by the manufacturer and being a value added tax at each stage it avoids double taxation Example - If I purchase plastic fr

See More
2 Replies
2
6
Image Description
Image Description

Rohan Saha

Founder - Burn Inves... • 1d

India’s GST Rate Cut - What It Means for You From this September 22 the government is making some big changes in GST instead of too many tax slabs now there will mostly be two rates 5%, 18% and for luxury stuff a new 40% rate for common people this

See More
4 Replies
5
19
2

Download the medial app to read full posts, comements and news.