GST on cigarettes, tobacco, aerated beverages may rise to 35 per cent, GST Council to take final call
Trending News
1 month, 1 week ago

GST on cigarettes, tobacco, aerated beverages may rise to 35 per cent, GST Council to take final call

India TV News  

The Group of Ministers on GST rate rationalisation, led by Bihar's Deputy Chief Minister Samrat Chaudhary, has decided to increase the tax on "sin goods" such as aerated beverages, cigarettes, tobacco, and related products to 35% from the current 28%. The four-tier tax slab of 5, 12, 18, and 28 per cent will continue and a new rate of 35 per cent is proposed by the GoM," said the official. It had also decided to propose to the council to reduce GST on bicycles costing less than Rs 10,000 to 5 per cent, from 12 per cent. The GoM also proposed hiking GST on shoes above Rs 15,000/pair from 18 per cent to 28 per cent. It also proposed hiking GST on wrist watches above Rs 25,000 from 18 per cent to 28 per cent in the previous meeting on October 19.

Council Cent Rate Gst 5 Per Cent Proposed Gst Council Gom Rate Rationalisation 35 Per Cent Rationalisation  tobacco  35  gst  final  rise  rate  council  aerated  gom  cent  rs  proposed  rationalisation  beverages  28  cigarettes  18

History of this topic

What gets cheaper, what is costlier after GST Council meet? Details here
2 weeks, 6 days ago

What gets cheaper, what is costlier after GST Council meet? Details here

Hindustan Times  

The 55th GST Council meeting, chaired by Union finance minister Nirmala Sitharaman in Jaisalmer, Rajasthan, on Saturday, brought changes affecting the prices of various goods and services. 2) Rice kernels, AAC blocks, raisins, pepper The GST Council has cut GST rates on the fortified rice kernels used for public distribution to 5% from 18% earlier. 4) Quick commerce, ecommerce, food …

GST Council's key decisions: What's cheaper, what's costlier, and all other details
2 weeks, 6 days ago

GST Council's key decisions: What's cheaper, what's costlier, and all other details

India Today  

The 55th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman on Saturday, introduced significant changes to the Goods and Services Tax framework. Several items and services will see a reduction in GST rates, offering financial relief: Fortified Rice Kernels : The GST rate on FRK has been reduced to 5% when supplied through the Public Distribution System. On …

GST Council rejigs rates, defers call on insurance
2 weeks, 6 days ago

GST Council rejigs rates, defers call on insurance

Hindustan Times  

The Goods and Services Tax Council in its 55th meeting on Saturday took a slew of decisions to protect the poor, including slashing the tax rate on fortified rice kernels, exempting GST on gene therapy, providing relief to farmers selling black pepper and resins. It, however, deferred several contentious issues such as tax rate rationalisation, GST on insurance premia and …

GST council GoM to meet soon on lowering taxes for insurance premiums
2 weeks, 6 days ago

GST council GoM to meet soon on lowering taxes for insurance premiums

Hindustan Times  

PATNA: The goods and services tax council’s group of ministers requires another meeting to discuss lowering taxes on insurance premiums for individuals, senior citizens, and groups, the GoM’s convener Samrat Chaudhary said after a meeting of the council in Rajasthan’s Jaisalmer on Saturday. Union finance minister Nirmala Sitharaman chairs the 55th meeting of the GST Council in Jaisalmer Chaudhary, who …

GST Council Announces Rate Cut On Fortified Rice Kernels To 5% From 18%
2 weeks, 6 days ago

GST Council Announces Rate Cut On Fortified Rice Kernels To 5% From 18%

ABP News  

The 55th Goods and Services Tax Council, chaired by Union Finance Minister Nirmala Sitharaman, made multiple key announcements on Saturday. The council also agreed to impose a uniform 18 per cent tax rate on used cars, including electric vehicles, purchased by businesses. Additionally, the council decided to lower the tax rate on fortified rice kernels from 18 per cent to …

GST Council Delays Decision On Tax Reduction For Life, Health Insurance Premiums
Trending News
3 weeks ago

GST Council Delays Decision On Tax Reduction For Life, Health Insurance Premiums

ABP News  

The GST Council on Saturday deferred its decision on reducing the tax rate on life and health insurance premiums, according to officials. The GoM also recommended exempting GST from health insurance premiums paid by individuals, excluding senior citizens, for policies with coverage up to Rs 5 lakh. However, premiums for health insurance policies offering coverage exceeding Rs 5 lakh will …

GST Council postpones decision to cut tax on life and health insurance
3 weeks ago

GST Council postpones decision to cut tax on life and health insurance

Hindustan Times  

The GST Council on Saturday postponed a decision on cutting tax rate on life and health insurance premiums, officials said. Revenue Secretary Sanjay Malhotra attends a GST Council meeting with Union Finance Minister Nirmala Sitharaman at Vigyan Bhawan, in New Delhi. The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, decided …

GST Council defers decision on lowering tax on health, life insurance premiums
3 weeks ago

GST Council defers decision on lowering tax on health, life insurance premiums

Live Mint  

The GST Council on Saturday deferred decisions on a tax rate cut on life and health insurance premiums and a tax rate overhaul meant to raise revenue collection as two ministerial panels decided to deliberate further before recommending changes to the federal indirect tax body, three persons aware of discussions said. Chaudhary, who is also the convenor of the ministerial …

GST Council meets to decide on lower taxes on insurance policies, ATF inclusion
Trending News
3 weeks ago

GST Council meets to decide on lower taxes on insurance policies, ATF inclusion

Deccan Chronicle  

Jaisalmer: The 55th GST Council meeting which is expected to decide on reducing the tax rate on health and life insurance, besides considering rate rejigs on 148 items began here on Saturday. However, 18 per cent GST will continue on premiums paid for policies with health insurance cover of over Rs 5 lakh. The four-tier tax slab of 5, 12, …

Insurance, plane fuel might get cheaper as GST Council mulls lowering taxes
3 weeks ago

Insurance, plane fuel might get cheaper as GST Council mulls lowering taxes

Hindustan Times  

The 55th GST Council meeting which is expected to decide on reducing tax rate on health and life insurance, besides considering rate rejigs on 148 items began here on Saturday. However, 18 per cent GST will continue on premiums paid for policies with health insurance cover of over ₹5 lakh. The four-tier tax slab of 5, 12, 18 and 28 …

GST Council postpones decision to cut tax on insurance, rate panel defers report submission
Top News
3 weeks ago

GST Council postpones decision to cut tax on insurance, rate panel defers report submission

The Hindu  

A GST Council meeting on Saturday postponed a decision on reducing taxes on health and life insurance, while the much talked-about GoM recommendation of rate rejig in 148 items was not tabled before the Council. “We will submit the GoM report on rate rationalisation in next meeting of Council,” said Mr. Chaudhary who is the convenor of the panel. The …

GST Council 55th Meeting in Jaisalmer: FM Nirmala Sitharaman to discuss potential revisions in insurance, aviation taxes
3 weeks ago

GST Council 55th Meeting in Jaisalmer: FM Nirmala Sitharaman to discuss potential revisions in insurance, aviation taxes

Live Mint  

The 55th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman and including state finance ministers, will convene today, December 21, in Jaisalmer, Rajasthan. This pivotal gathering of the apex body for indirect taxes is expected to focus on significant rate changes for life and health insurance, luxury items, and the possible inclusion of aviation turbine fuel under the …

GST council defers decision on lowering insurance premium rates
3 weeks ago

GST council defers decision on lowering insurance premium rates

New Indian Express  

JAISALMAR: The 55th GST Council meeting held on Saturday concluded without any major decisions being taken. The much-anticipated decision on reducing GST rates for health and life insurance premiums has been deferred, as the Council believes further discussions are required before moving forward. The Group of Ministers on insurance has recommended a complete waiver of GST on premiums paid towards …

55th GST Council Meeting: Raises tax on used car sales; postpones debates on insurance, 'sin' products
3 weeks ago

55th GST Council Meeting: Raises tax on used car sales; postpones debates on insurance, 'sin' products

New Indian Express  

The 55th Goods and Services Tax Council meeting, held in Jaisalmer, Rajasthan, under Finance Minister Nirmala Sitharaman on Saturday, deferred discussions on the much-anticipated proposal to restructure GST on insurance premiums. The GST Council also postponed discussions on the widely discussed rate rationalisation for various consumer items, including so-called ‘sin’ products. Under the current GST framework, e-commerce platforms face specific …

Council may increase GST rate on all kinds of used cars to 18 per cent
3 weeks ago

Council may increase GST rate on all kinds of used cars to 18 per cent

New Indian Express  

JAISALMER: The GST Council in its 55th meeting on Saturday is likely to announce changes in tax rates on several goods and services. As per sources, the fitment panel of the Council has decided to levy 18% GST on all kinds of used cars. The Council is likely to agree with the fitment panel’s recommendation and raise GST rate to …

GST Council postpones decision on reducing tax for life, health insurance premiums
3 weeks ago

GST Council postpones decision on reducing tax for life, health insurance premiums

India TV News  

On Sunday, the GST Council, in its 55th meeting chaired by Union Finance Minister Nirmala Sitharaman, deferred the decision to cut taxes on life and health insurance premiums. Group of ministers to meet again for further discussions Bihar Deputy Chief Minister Samrat Chaudhary, who headed the Group of Ministers tasked with considering the issue, said a fresh meeting was needed …

55th GST Council Meeting begins: What could become costlier or cheaper today
3 weeks ago

55th GST Council Meeting begins: What could become costlier or cheaper today

India Today  

The 55th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, has brought together ministers from 28 states, two Union Territories, and key stakeholders to deliberate on sweeping tax reforms. FOOD DELIVERY PLATFORMS In a move to ease costs for food delivery services like Swiggy and Zomato, the GST rate may be reduced from 18% with input tax credit to …

GST Council Meeting: Will tax rates on health and life insurance premiums drop today?
3 weeks ago

GST Council Meeting: Will tax rates on health and life insurance premiums drop today?

India Today  

The 55th GST Council meeting is expected to make significant decisions on tax rates for life and health insurance premiums. In its meeting last month, the GoM recommended exempting term life insurance premiums from GST, a proposal that has garnered support from several states. There is also a proposal to exempt GST on health insurance premiums of up to Rs …

GST council approves key reforms, defers decision on insurance premium tax cuts
3 weeks ago

GST council approves key reforms, defers decision on insurance premium tax cuts

India TV News  

The Goods and Services Tax Council, chaired by Finance Minister Nirmala Sitharaman, made significant decisions in its 55th meeting, aimed at streamlining the taxation system and curbing tax evasion. Other exemptions and clarifications Third-Party Motor Vehicle Premiums: Contributions made by general insurance companies to the Motor Vehicle Accident Fund, established under the Motor Vehicles Act, 1988, have been exempted from …

GST Council to decide on cutting taxes on insurance premium, rate rejig on host of items
3 weeks, 1 day ago

GST Council to decide on cutting taxes on insurance premium, rate rejig on host of items

The Hindu  

The GST Council, in its meeting on Saturday, is likely to decide on reducing tax rates on life and health insurance premiums, while hiking it on high-end wrist watches, shoes and apparels, besides considering a separate 35% tax slab for sin goods. The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising State counterparts, …

Proposal to impose 35% GST on ’sin goods’ not a good idea: SJM
3 weeks, 3 days ago

Proposal to impose 35% GST on ’sin goods’ not a good idea: SJM

Live Mint  

New Delhi, Dec 18 Swadeshi Jagran Manch has dubbed the proposal to introduce 35 per cent GST on "sin goods" like aerated beverages and tobacco products as a "bad idea" as it would lead to smuggling and loss of revenue for the country. Earlier this month, the Group of Ministers recommended a special rate of 35 per cent on sin …

GST Council Meeting: Industry eyes tax relief on health insurance premiums, higher levies on luxury items
4 weeks, 1 day ago

GST Council Meeting: Industry eyes tax relief on health insurance premiums, higher levies on luxury items

Live Mint  

Industry experts expect a reduction in GST rates on health insurance at the forthcoming GST Council meeting on December 21, 2024. However, if health insurance is exempted from GST for all or specified persons, the insurance companies would lose out on input tax credits to that extent and accordingly, the reduction in costs can be less than the amount of …

Retailers urge FM and GST Council not to go for higher 35 pc tax rate
4 weeks, 2 days ago

Retailers urge FM and GST Council not to go for higher 35 pc tax rate

Live Mint  

New Delhi, Dec 12 Indian Sellers Collective, an umbrella body of trade associations and sellers across the country, has urged the finance minister and the GST Council not to accept some of GST rate rationalisation suggestions, including the proposal for inclusion of a special rate of 35 per cent on some products. The sellers body is of the view that …

GST rate changes: Consult the public
1 month ago

GST rate changes: Consult the public

New Indian Express  

The “recommendations” symbolise a misalignment, the fault lines in the understanding of the state of the economy. While the GST Council has ceased publishing data on collections, news reports show that November saw gross GST collections, at Rs 1.82 lakh crore, growing at 8.5 percent. It is a moot point if the process of GST Council GoMs allows for representations, …

CMAI Warns Of 100,000 Job Losses, MSME Closures Due To GST Hike On Apparel
1 month ago

CMAI Warns Of 100,000 Job Losses, MSME Closures Due To GST Hike On Apparel

ABP News  

The Clothing Manufacturers Association of India has raised concerns over the proposed GST rate rationalisation by the Group of Ministers, chaired by Bihar's Deputy Chief Minister Samrat Chaudhary. Under the new recommendations, ready-made garments priced up to Rs 1,500 will maintain the current 5 per cent GST rate, but those priced between Rs 1,500 and Rs 10,000 would face a …

GST rate hike reports premature and speculative: CBIC
1 month, 1 week ago

GST rate hike reports premature and speculative: CBIC

Live Mint  

The Central Board of Indirect Taxes and Customs on Tuesday said reports of a ministerial panel’s recommendations on Goods and Services Tax rate changes on certain items, based on its deliberations are “premature and speculative.” The clarification from the Union government’s apex indirect tax body implies the Centre is distancing itself from suggestions about tax rate increases on items like …

GST rate hike claims are ‘premature, speculative’
1 month, 1 week ago

GST rate hike claims are ‘premature, speculative’

The Hindu  

The Central Board of Indirect Taxes and Customs on Tuesday dismissed reports indicating significant indirect tax rate changes and hikes on the Goods and Services Tax rates of various goods and services, as “premature and speculative”, and stressed that a ministerial group tasked with rationalising the multiple GST rates is yet to finalise its recommendations. While the GST Council, which …

GoM proposes GST hike: Cigarettes, tobacco, aerated beverages may be hiked to 35%; GST Council decision on Dec 21
1 month, 1 week ago

GoM proposes GST hike: Cigarettes, tobacco, aerated beverages may be hiked to 35%; GST Council decision on Dec 21

The Hindu  

The GoM on GST rate rationalisation on Monday decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco and related products to 35% from the present 28%, an official said. In total, the GoM on rate rationalisation will propose tax rate tweaks on 148 items to the GST Council. The four-tier tax slab of 5, 12, 18, and …

GST Council Considers Steep 35% Hike On Cigarettes, Tobacco Products
Trending News
1 month, 1 week ago

GST Council Considers Steep 35% Hike On Cigarettes, Tobacco Products

ABP News  

The Group of Ministers on Goods and Services Tax rate rationalisation has proposed significant changes to tax rates, including a hike on sin goods like aerated beverages, cigarettes, and tobacco products, increasing the tax to 35 per cent from the current 28 per cent. Under the proposed structure: Readymade garments costing up to Rs 1,500 will attract 5 per cent …

GST on cigarettes, tobacco, aerated drinks may rise to 35%: Report
1 month, 1 week ago

GST on cigarettes, tobacco, aerated drinks may rise to 35%: Report

India Today  

The Group of Ministers on GST rate rationalisation has proposed increasing the tax on products such as aerated beverages, cigarettes, and other tobacco-related items to 35%, up from the current rate of 28%, reported news agency PTI. GST RATE CHANGES DISCUSSED The GoM, led by Bihar Deputy Chief Minister Samrat Choudhary, met on Monday to finalise the proposed rate adjustments. …

GST on cigarettes, tobacco, aerated beverages likely to be hiked: Here’s what we know
Trending News
1 month, 1 week ago

GST on cigarettes, tobacco, aerated beverages likely to be hiked: Here’s what we know

Live Mint  

The Group of Ministers on Monday, December 2 decided to hike the rate of goods and service tax charged on goods like aerated beverages, cigarettes, tobacco and related products to 35 per cent, from its current level of 28 per cent, reported the news agency PTI citing an official aware of the development. The four-tier tax slab of 5, 12, …

Top News on Dec 1: GST collection rises, Andhra dissolves Waqf board, Kejriwal rules out alliance in Delhi polls, more
1 month, 1 week ago

Top News on Dec 1: GST collection rises, Andhra dissolves Waqf board, Kejriwal rules out alliance in Delhi polls, more

Live Mint  

From increase in GST collection to Andhra govt dissolving Waqf board to killing of 7 Maoists to Donald Trump picking loyalist Kash Patel as his new FBI director, here are today's top stories. GST collection for November rises by 8.5% to ₹ 1.82 lakh crore The goods and service tax collection for the month of November rose 8.5 per cent …

GST Council to Review GoM’s Insurance Tax Suggestions Soon
1 month, 2 weeks ago

GST Council to Review GoM’s Insurance Tax Suggestions Soon

Deccan Chronicle  

New Delhi: Recommendations of the Group of Ministers looking into issues pertaining to GST on life and health insurance will be placed before the GST Council when received, Parliament was informed on Monday. After detailed deliberations, the Council recommended constituting a GoM to holistically look into issues pertaining to GST on life and health insurance. First meeting of the GoM …

GST Council’s December Meet: Waiver of levy on health, life insurance premiums on agenda
1 month, 3 weeks ago

GST Council’s December Meet: Waiver of levy on health, life insurance premiums on agenda

Live Mint  

The GST Council will convene its 55th meeting on December 21 in Jaisalmer, Rajasthan, to address crucial policy changes, including possible tax relief on health and life insurance premiums. The council, chaired by Union Finance Minister Nirmala Sitharaman and including state finance ministers, is expected to also deliberate on rate reductions for essential goods, as per a report by PTI. …

GST Council To Meet In Jaisalmer On Dec 21; Key Decisions On Insurance And Rate Cuts Likely
1 month, 3 weeks ago

GST Council To Meet In Jaisalmer On Dec 21; Key Decisions On Insurance And Rate Cuts Likely

ABP News  

The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman, is scheduled for December 21 in Jaisalmer, Rajasthan. The council, comprising state finance ministers, is expected to deliberate on major tax policy changes, including a decision on exempting or reducing GST rates on health and life insurance policies. Following discussions last month, the GoM has proposed …

GST Council to meet in Jaisalmer on Dec 21; may decide on insurance levy, rate rationalisation
1 month, 3 weeks ago

GST Council to meet in Jaisalmer on Dec 21; may decide on insurance levy, rate rationalisation

Deccan Chronicle  

New Delhi: The GST Council will meet on December 21 in Jaisalmer, in which the much-awaited decision on exemption or lower GST rate on health and life insurance is likely to be taken. The council, chaired by Union Finance Minister Nirmala Sitharaman and comprising her state counterparts, may also take up some rate rationalisation exercise and reduce tax rates on …

Nirmala Sitharaman to begin pre-budget consultation with state FMs in December
1 month, 4 weeks ago

Nirmala Sitharaman to begin pre-budget consultation with state FMs in December

Deccan Chronicle  

New Delhi: Union finance minister Nirmala Sitharaman is likely to meet her state counterparts on December 21-22 for pre-budget consultations and the GST Council meeting is expected to be held during one of these two days in which the much awaited decision on exemption or lower GST rate on health and life insurance would be taken, a senior finance ministry …

Nirmala Sitharaman to meet State FMs for pre-Budget, GST Council meet on Dec 21-22
1 month, 4 weeks ago

Nirmala Sitharaman to meet State FMs for pre-Budget, GST Council meet on Dec 21-22

The Hindu  

Union Finance Minister Nirmala Sitharaman is likely to meet her State counterparts on December 21-22 for pre-budget consultations and meeting of the GST Council, an official said. The 55th GST Council meeting would be held during one of these two days in which the much-awaited decision on exemption or lower GST rate on health and life insurance would be taken. …

Sitharaman to meet state FMs for pre-Budget, GST Council meet on Dec 21-22
1 month, 4 weeks ago

Sitharaman to meet state FMs for pre-Budget, GST Council meet on Dec 21-22

Deccan Chronicle  

New Delhi: Union Finance Minister Nirmala Sitharaman is likely to meet her state counterparts on December 21-22 for pre-budget consultations and meeting of the GST Council, an official said.The meeting assumes significance as states finance ministers would present their recommendations for 2025-26 Budget to be unveiled on February 1, 2025. However, 18 per cent GST will continue on premiums paid …

Centre-state budget talks, GST Council meet after Parliament session jobs, growth, urban consumption in focus
2 months ago

Centre-state budget talks, GST Council meet after Parliament session jobs, growth, urban consumption in focus

Live Mint  

NEW DELHI : Finance minister Nirmala Sitharaman is set to consult state finance ministers on the FY26 Union Budget following Parliament’s winter session, which concludes on 20 December. That is a major policy instrument available now, provided states also agree," said N. R Bhanumurthy, director, Madras School of Economics, noting that while GST revenue hit ₹1.87 trillion in October—the second …

GST rate rationalisation: GoM discusses pruning 12% slab, next meeting on October 20
3 months, 2 weeks ago

GST rate rationalisation: GoM discusses pruning 12% slab, next meeting on October 20

The Hindu  

The Group of Ministers on GST rate rationalisation has discussed tax rate tweaks on over 100 items, including lowering taxes on certain goods from 12% to 5%, to give relief to the common man, West Bengal Finance Minister Chandrima Bhattacharya said on Thursday, September 26, 2024. She said items used by the common man should attract lower tax rates and …

GoM Meeting: Bihar Deputy Chief Minister leads GST rate rationalisation push
3 months, 2 weeks ago

GoM Meeting: Bihar Deputy Chief Minister leads GST rate rationalisation push

Live Mint  

A ministerial panel on Goods and Services Tax rate rationalisation is set to convene on September 25 in Goa, where it will likely discuss possible adjustments to tax slabs and rates, PTI reported. At the August meeting, the GoM directed the fitment committee—comprising tax officials from both the Centre and states—to assess the impact of potential tax rate changes on …

GST Council Meeting: what is cheaper and costlier
4 months ago

GST Council Meeting: what is cheaper and costlier

The Hindu  

The 54th GST Council meeting, held in New Delhi on Monday announced several changes to the existing Goods and Services Tax slabs. The Council decided to reduce the GST rate on cancer drugs Trastuzumab Deruxtecan, Osimertinib and Durvalumab from 12% to 5%. Namkeens, or savoury snacks, will also become cheaper after the GST on extruded/expanded savoury food products is reduced …

GST Council meeting: New GoM on health insurance to submit report by October; Council may take a call on 18% GST levy in November
4 months ago

GST Council meeting: New GoM on health insurance to submit report by October; Council may take a call on 18% GST levy in November

The Hindu  

To soothe the growing clamour for a reduction in the 18% tax levy on the premium paid for health and life insurance policies, the Goods and Services Tax Council on Monday set the stage for a possible rethink by mandating a stiff 50-day deadline for a new Group of Ministers to review the tax rate. The Council’s chair, Union Finance …

GST Council lowers tax on cancer drugs to 5%, to finalise cuts on health and life insurance premiums
4 months ago

GST Council lowers tax on cancer drugs to 5%, to finalise cuts on health and life insurance premiums

New Indian Express  

MUMBAI: After much hue and cry over 18% GST on health and life insurance premiums, the GST Council in its 54th meeting on Monday reached a broad consensus on reducing taxes and decided to constitute a Group of Ministers to deliberate on the issue. In the meeting chaired by Finance Minister Nirmala Sitharaman, the GST Council also made several key …

What GST Council has decided on demands of tax cuts in health insurance premiums | Details
4 months ago

What GST Council has decided on demands of tax cuts in health insurance premiums | Details

India TV News  

The GST Council on Monday set up a new Group of Ministers on rate reduction on medical health insurance, Finance Minister Nirmala Sitharaman announced. The medical health insurance GoM which has been set up is essentially the already established GoM on rate rationalisation, headed by the Deputy Chief Minister of Bihar Samrat Chaudhary. The GoM will have to make deliberations …

GST Council to deliberate on taxation of insurance premium, report on online gaming
4 months ago

GST Council to deliberate on taxation of insurance premium, report on online gaming

The Hindu  

The GST Council on Monday is expected to deliberate on a host of issues, including taxation of insurance premium, GoM's suggestions on rate rationalisation, and a status report on online gaming, sources said. The GST Council, chaired by Finance Minister Nirmala Sitharaman and comprising state ministers, will decide on whether to reduce the tax burden on health insurance from the …

GST Council meets today to discuss rate rationalisation, tax on insurance
4 months ago

GST Council meets today to discuss rate rationalisation, tax on insurance

New Indian Express  

MUMBAI: The GST Council will be meeting later on Monday to discuss an array of important issues, including the much-discussed GST rate on life and health insurance policies. The meeting may also discuss rationalisation of rate structure under the GST. As per sources, the Council may also announce extending the GST amnesty scheme for another year—FY21. In addition to these …

GST Council to deliberate on taxation of insurance premium, report on online gaming
4 months ago

GST Council to deliberate on taxation of insurance premium, report on online gaming

New Indian Express  

NEW DELHI: The GST Council on Monday is expected to deliberate on a host of issues, including taxation of insurance premium, GoM's suggestions on rate rationalisation, and a status report on online gaming, sources said. Sources said the fitment committee, comprising Centre and state tax officials, will present a report on GST levied on life, health and reinsurance premiums and …

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