The GST Council in its 55th GST Council meeting held on 21st December 2024, has announced an increase in the GST rate on old and used cars from 12% to 18%, raising questions among buyers and sellers about its impact. Let’s break it down to understand what this means for the used car market and how it affects you.
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ICAI announces the results of the Chartered Accountants Final Examination November 2024, with 11,500 students qualifying. Top rank holders also named.
Govt extends FCRA registration validity to March 31, 2025, for pending renewals and expiring registrations. Non-renewal will prohibit foreign contributions.
RBI enables full-KYC Prepaid Payment Instruments (PPIs) to access UPI payments via third-party apps, enhancing interoperability and digital payment convenience.
RBI mandates banks to report gold derivative transactions to CCIL trade repository starting February 2025, ensuring compliance and transparency in domestic and international markets.
SEBI clarifies rules on share transfer among immediate relatives and transmission of shares in investment firms. Defines control change and prior approval requirements.
NSE extends API-based single filing system for shareholder voting results. Listed entities must avoid duplicate filings across stock exchanges.
CAG’s audit highlights inefficiencies in recovering ₹8.5 lakh crore of outstanding income tax demands. Key issues: inflated demands, delays, and systemic gaps.
