Instagram :@ca_pro_max
📚Aspiring chartered Accountant in making committed to spreading knowledge⭐and joy🥳Balancing books🚀And memes😃for that perfect score📈
If I’m paying ₹8,000 this year including 18% GST for health insurance, and next year I pay the same amount with 0% GST. Mark my words, the insurance company will increase the policy prices. Just like adding 20% ethanol to petrol doesn’t make the fuel cheaper.
🔑 *Key Highlights of GST Council Meeting*:
1. Simplified Rate Structure
Existing 4-tier GST replaced with a 2-tier structure:
Standard rate: 18%
Merit rate: 5%
Special de-merit rate: 40% (select goods like tobacco, pan masala, etc.)
2. Insurance Relief
GST exempt on all individual life insurance (term, ULIP, endowment) and health insurance (including family floater & senior citizen policies).
3. Common Man Items
GST reduced to 5% on soaps, shampoos, toothpaste, bicycles, tableware, kitchenware, etc.
NIL GST on UHT milk, paneer, all Indian breads (roti, paratha, parotta, etc.).
4. Food Products
Reduction from 12%/18% to 5% on packaged foods like namkeens, noodles, chocolates, coffee, butter, ghee, sauces, cornflakes, etc.
5. Automobiles & Electronics
GST cut from 28% to 18% on ACs, TVs (all now at 18%), dishwashers, motorcycles ≤350cc, small cars, buses, trucks, ambulances.
Uniform 18% on all auto parts.
6. Healthcare Sector
NIL GST on 33 lifesaving drugs, NIL from 5% on 3 cancer/rare disease drugs.
Other medicines cut to 5% (from 12%).
Medical equipment & devices cut to 5% (from 12–18%).
7. Agriculture & Labour-Intensive Sectors
Tractors, farm machinery, composting machines: 12% → 5%.
Handicrafts, marble, granite, leather goods: 12% → 5%.
Fertilizer inputs (sulphuric acid, nitric acid, ammonia): 18% → 5%.
8. Housing & Services
Cement: 28% → 18%.
Hotel accommodation ≤₹7,500/day: 12% → 5%.
Gyms, salons, barbers, yoga centres: 18% → 5%.
9. Implementation Timeline
New GST rates on services: 22nd Sept 2025.
New GST rates on goods: 22nd Sept 2025 (except tobacco/pan masala, which remain at existing rates until cess loan obligations are cleared).
10. Institutional Reform
GST Appellate Tribunal (GSTAT) to be operational by Sept 2025 (appeals filing) and hearings from Dec 2025.
இதான் சார் வேணும்.
நல்லா சாப்பிடனும்,
நண்பர்கள் கூட வெளிய போகனும்,
புக்ஸ் படிக்கனும்,
கிரிக்கெட் விளையாடனும்,
பிடிச்ச மாதிரியான படங்கள்ல வேல�� செய்யனும்.
அவ்ளோ தான் சார்.
#DirectorRam
#ParandhuPo
The CA journey isn’t just a course, it’s an emotion.
🎬 7 CAs from Ahmedabad bring this journey to life on the big screen.
From classroom to cinema, the story of every CA student.
Releasing Pan India on 27 June 2025 via Cinepolis.
#FromStruggleToSuccess
Unreal and unbelievable night in Bangalore. It’s whole city erupting in joy in unison. Love for RCB is unmatched. Congratulations #RCB. ❤️🥳 #RCBvsPBKS#Kohli