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Saturday, June 22, 2024

No GST on hostels, rail platform ticket, waiting room, ESOPs

GST Council exempts hostel fees, platform tickets, and more from GST. Hostels under Rs 20,000/month are exempt. Nirmala Sitharaman announces tax exemptions for employee stock options. System reworked to prevent fraud by bogus entities. The move will also benefit thousands of students and working people staying in paying guest accommodations.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/E2rzFnA

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Indichip Semiconductors inks deal with Andhra govt to set up Rs 14,000 crore facility

Amaravati-based Indichip Semiconductors Ltd and Japan's Yitoa Micro Technology will invest Rs 14,000 crore in Andhra Pradesh to establis...