Top headlines: GST council meet, non-BFSI Q3 profit shrinks, and more

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Labelling of millet-based health products to dictate 5% or nil GST

The all-powerful Goods and Services Tax (GST) Council, scheduled to meet on Saturday, will take up changes to tax rates on some items, including millet-based health mix. A committee of officials has recommended a revision, according to the agenda document reviewed by Business Standard.

However, the GST Council may defer the issue of tax treatment of multi-utility vehicles (MUVs), whether they would be taxed on a par with sport utility vehicles (SUVs) that currently attract a 22 per cent compensation cess. Read more...

Non-BFSI companies' net profits shrink sharply for