Currently, health and life insurance premiums attract 18% GST. For instance, a life insurance policy with a Rs 100 premium costs Rs 118 including tax. Insurers, however, benefit from input tax credit ...

The Centre has unveiled a blueprint for next-generation Goods and Services Tax (GST) reforms, aiming to reshape how India ...

The GST Group of Ministers has proposed exempting health and life insurance premiums from GST, a move intended to make ...

S&P does not think the Indian government would reform the GST “to the point that it would hit fiscal revenues”.

GST Council meetings often end in disagreements. But by announcing the rollout of next-generation reforms this Diwali, Prime ...

India adopted the GST in 2017, sweeping in more than a dozen domestic state taxes in a bid to unify the economy on the ...

Sitharaman discusses GST reforms with GoMs, including tax rate cuts & easing compliance. Centre proposes 5% & 18% rates.

Bhatti Vikramarka pointed out that while states may lose a portion of revenue, which otherwise could be used for welfare ...

The GST Council is expected to approve the shift in the coming weeks, with a new 40% slab reserved for sin goods such as ...

The GST Council plays a major role in creating a harmonised tax structure and fostering a unified national market by ...

MUMBAI: The proposed GST reforms, announced by the prime minister to be rolled out by Diwali, halving the current four-rate ...

The Centre has proposed exempting life and health insurance policies for individuals from GST, Bihar Deputy Chief Minister ...