News
Day: December 2, 2024
The GST structure may witness a major overhaul as the Group of Ministers (GoM) on rate rationalisation is set to propose a new “special rate” of 35% on aerated drinks and tobacco products, along with a rejig of rates across 148 items. Key proposals include reduced GST on daily-use items like bottled water and bicycles, higher taxes on luxury goods, and exemptions or reductions on health and life insurance premiums, sources told CNBC-TV18.
As part of this partnership, GBL will establish and operate a cutting-edge facility aimed at producing 15,000 tonnes of biobutanol and other higher alcohols annually in the first phase. Shares of Godavari Biorefineries Ltd ended at ₹345.30, down by ₹8.35, or 2.36%, on the BSE.
Advait Energy was declared a qualified bidder by Gujarat Urja Vikas Nigam Ltd (GUVNL) for the development of a portion of the western state’s 500 MW/1000 MWh standalone battery energy storage systems. Shares of Advait Energy Transitions Ltd ended at ₹1,410.50, down by ₹41.30, or 2.84%, on the BSE.