​Soothing salvo: On new Group of Ministers and tax changes for insurance policies
3 months, 1 week ago

​Soothing salvo: On new Group of Ministers and tax changes for insurance policies

The Hindu  

Meeting for the second time after the 2024 general election results, the Goods and Services Tax Council on Monday sought to calm some of the rising clamour against the 18% indirect tax levy on insurance premium payments. A new Group of Ministers is being formed to urgently recommend tax changes for life and health insurance policies, with an assurance the Council would meet again in November to take a call on its report. While Union Minister Nitin Gadkari has averred that the GST levy on life insurance premium is tantamount to taxing the uncertainties of life, the BJP’s now-critical allies such as the TDP and Jana Sena Party have also sought a rollback of the levies on health and life insurance. For life covers, the Council could take a more nuanced approach by extending most relief to pure term insurance policies that help families tide over shocks, rather than to myriad market-linked investment products offered by the industry in the guise of insurance. If, in the Council’s wisdom, helicopter services availed on a ‘shared seat’ basis must attract only 5% GST, insurance policies surely deserve more benign taxation too.

Council Gst Health Cover Insurance Policies Soothing Salvo Tax Changes  tax  changes  council  group  levy  soothing  salvo  levies  ministers  life  gst  health  cover  insurance  policies

History of this topic

55th GST council meeting in Jaisalmer on December 21, 2024: Finance Minister Nirmala Sitharaman media briefing
2 days, 10 hours ago

55th GST council meeting in Jaisalmer on December 21, 2024: Finance Minister Nirmala Sitharaman media briefing

The Hindu  

A much-anticipated review of the Goods and Services Tax levies on life and health insurance policies was put off by the apex body in charge of the indirect tax regime, the GST Council at its 55th meeting on Saturday, as some members sought more discussions on the matter before taking a final call. Moreover, rate rationalisation suggestions pertaining to about …

GST Council Delays Decision On Tax Reduction For Life, Health Insurance Premiums
Trending News
2 days, 15 hours 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 meets to decide on lower taxes on insurance policies, ATF inclusion
Trending News
2 days, 17 hours 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, …

GST Council postpones decision to cut tax on insurance, rate panel defers report submission
Top News
2 days, 17 hours 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 …

55th GST Council Meeting: Raises tax on used car sales; postpones debates on insurance, 'sin' products
3 days, 1 hour 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 …

CM Mohan Charan Majhi to attend GST, finance ministers' meet
5 days, 1 hour ago

CM Mohan Charan Majhi to attend GST, finance ministers' meet

New Indian Express  

BHUBANESWAR : Chief Minister Mohan Charan Majhi will embark on a four-day visit to Delhi and Rajasthan beginning December 19 to attend the 55th meeting of the GST council to be held at Jaisalmer on December 21. The state government, which had asked for higher allocations of central funds to the state to accelerate infrastructure development at the last meeting …

GST Council Meeting: Industry eyes tax relief on health insurance premiums, higher levies on luxury items
1 week, 4 days 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 …

GST rate hike claims are ‘premature, speculative’
2 weeks, 6 days 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 …

GST Council to Review GoM’s Insurance Tax Suggestions Soon
4 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 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 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 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 meet State FMs for pre-Budget, GST Council meet on Dec 21-22
1 month, 1 week 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, 1 week 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 …

West Bengal's relentless efforts pay off as Centre considers GST exemption for health insurance premiums
2 months ago

West Bengal's relentless efforts pay off as Centre considers GST exemption for health insurance premiums

The Hindu  

West Bengal Chief Minister Mamata Banerjee claims that the Centre's likely decision to exempt Goods and Services Tax (GST) on term life insurance premiums and premiums paid by senior citizens for health coverage is the result of sustained efforts by the State Government. The Chief Minister shared a letter she had written to the Union Finance Minister in August, warning …

Group of Ministers to review tax rates on health, life insurance
3 months, 1 week ago

Group of Ministers to review tax rates on health, life insurance

The Hindu  

The GST Council constituted a 13-member Group of Ministers on Sunday to suggest GST rates on premiums of various health and life insurance products. It will also suggest tax rates on life insurance, including term insurance, and life insurance with investment plans, whether individual or group, and re-insurance. Some opposition-ruled states, including West Bengal, had demanded complete exemption for health …

GST Council Meeting: what is cheaper and costlier
3 months, 1 week 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 …

Priorities askew with high insurance tax, cheaper fried snacks
3 months, 2 weeks ago

Priorities askew with high insurance tax, cheaper fried snacks

New Indian Express  

The GST Council, which reviews the goods and services tax levied on specific items and categories, has thoughtfully reduced the tax on a few cancer drugs and on educational institutions’ R&D services. But for reasons that are still cloudy, the council has also given cholesterol a boost by reducing the rate on fried snacks to 12 percent and rewarded high-fliers …

GST Council meeting: New GoM on health insurance to submit report by October; Council may take a call on 18% GST levy in November
3 months, 2 weeks 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 …

What GST Council has decided on demands of tax cuts in health insurance premiums | Details
3 months, 2 weeks 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 lowers tax on cancer drugs to 5%, to finalise cuts on health and life insurance premiums
3 months, 2 weeks 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 …

GST Council delays decision on insurance premiums to next meeting: Report
3 months, 2 weeks ago

GST Council delays decision on insurance premiums to next meeting: Report

India Today  

The wait for relief on health insurance premiums just got a bit longer as the GST Council has postponed its decision to cut the Goods and Services Tax on health and life insurance. The GST Council meeting was expected to bring some relief to individuals, especially senior citizens, by reducing the GST rate applied to health insurance policies. The council …

GST Council to deliberate on taxation of insurance premium, report on online gaming
3 months, 2 weeks 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
3 months, 2 weeks 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
3 months, 2 weeks 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 …

Karnataka urges Centre to reconsider 18% GST on health insurance
3 months, 2 weeks ago

Karnataka urges Centre to reconsider 18% GST on health insurance

The Hindu  

The Karnataka government on Friday urged the Centre to reconsider the 18% Goods and Services Tax for the middle-income and low-income policyholders on health insurance. In a letter to Prime Minister Narendra Modi on September 6, Karnataka’s Health Minister Dinesh Gundu Rao has urged him to recommend to the GST Council, which is due to meet on the September 9, …

​Enhancing oversight: The Hindu Editorial on the GST Council meet and issues
3 months, 3 weeks ago

​Enhancing oversight: The Hindu Editorial on the GST Council meet and issues

The Hindu  

The Goods and Services Tax Council, entrusted with overseeing the seven-year-old indirect tax regime, is slated to meet on September 9. The Council, whose parleys steered by the Union Finance Minister with States’ representatives are critical for resolving taxpayer challenges and setting broader policy direction, ought to meet regularly at such frequency. Beyond the broader revamp, the Council could also …

INDIA bloc holds protest against GST on health, life insurance premiums, calls it 'tax terrorism'
4 months, 2 weeks ago

INDIA bloc holds protest against GST on health, life insurance premiums, calls it 'tax terrorism'

India TV News  

I.N.D.I.A bloc parties on Tuesday held a protest in the Parliament premises demanding the rollback of Goods and Services Tax on life and health insurance premiums. Gadkari also supports demand Interestingly, Union Minister of Road Transport and Highways Nitin Gadkari also requested Finance Minister Nirmala Sitharaman to withdraw the 18 per cent GST on life and medical insurance premiums. In …

GST receipts on health cover surged to nearly ₹10,000 crore in 2023-24
4 months, 2 weeks ago

GST receipts on health cover surged to nearly ₹10,000 crore in 2023-24

The Hindu  

Goods and Services Tax collections on health insurance premium payments by consumers have risen by more than 54% between 2021-22 and 2023-24, yielding ₹8,262 crore last year, with health reinsurance levies delivering nearly another ₹1,500 crore, according to data shared by the Finance Ministry in Lok Sabha on August 5. Over the last three financial years, GST levies on health …

'Tax on life's uncertainties': Nitin Gadkari writes to Sitharaman on GST on life, medical insurance premium
4 months, 3 weeks ago

'Tax on life's uncertainties': Nitin Gadkari writes to Sitharaman on GST on life, medical insurance premium

India TV News  

Union Minister and senior BJP leader Nitin Gadkari has written to Finance Minister Nirmala Sitharaman, requesting her to withdraw the GST imposed on premiums for life and medical insurance plans. "Main issue raised by the Union is related to withdrawal of GST on Life and Medical Insurance Premium. Both life insurance and medical insurance premiums attract a GST rate of …

Budget 2024: Health insurers seek more attractive tax incentives—and a regulator
5 months, 2 weeks ago

Budget 2024: Health insurers seek more attractive tax incentives—and a regulator

Live Mint  

In the interim budget for 2024-25 presented in February, finance minister Nirmala Sitharaman increased the government’s allocation towards the health sector by nearly 14%. “To enable better retail health insurance penetration, the government can consider categorising them under a separate HSN code and lowering the tax to 5%," says Parimal Heda, chief investment officer, GoDigit General Insurance. The tax on …

A fresh start: On the Goods and Services Tax Council meet
5 months, 3 weeks ago

A fresh start: On the Goods and Services Tax Council meet

The Hindu  

The Goods and Services Tax Council was convened last week for the first time in nearly nine months. Apart from several industry-specific measures, a few of which will kick in with retrospective effect, the Council also opted to waive interest and penalty on tax dues for the first three years of GST, provided they are paid by March 2025. Beyond …

GST Council to meet on June 22: What will be the agenda?
6 months, 1 week ago

GST Council to meet on June 22: What will be the agenda?

The Hindu  

The Centre has decided to convene a meeting of the Goods and Services Tax Council on June 22, eight-and-a-half months after its last meeting, the Finance Ministry said on June 13, 2024. At its last meeting held on October 7, 2023, the Council, headed by the Finance Minister, had initiated discussions on a “perspective plan” to impose a cess or …

No GST relief until formation of new govt
9 months, 2 weeks ago

No GST relief until formation of new govt

New Indian Express  

NEW DELHI : With the delay in the GST Council meeting, several industries awaiting clarifications from the government won’t get immediate relief as the model code of conduct will be coming into force with the poll announcement. Similarly, the real estate industry is also awaiting clarification regarding 18% GST levied on special purpose vehicle model for projects. Also, it has …

Interim Budget 2024 Wishlist: Insurance Industry Expects Higher Deductions for Medical Insurance Premiums
10 months, 4 weeks ago

Interim Budget 2024 Wishlist: Insurance Industry Expects Higher Deductions for Medical Insurance Premiums

News 18  

Written By Ramkumar S & Bijal Khara: The Union Budget 2023 was a bitter pill to swallow in many ways for the insurance sector, stemming from the fact that increased limit under Sections 80C and 80D, separate deduction for home insurance, relook at GST rates, and tax-free status for pension/annuity were not considered in the Budget. This impacted life insurance …

Budget 2024: GST reduction, expansion of Section 80 C - insurance wishlist
11 months, 2 weeks ago

Budget 2024: GST reduction, expansion of Section 80 C - insurance wishlist

Live Mint  

Ahead of the Lok Sabha elections, all eyes will be on the interim budget presented by Finance Minister Nirmala Sitharaman on February 1, 2024. Many experts opine that the term insurance requires a dedicated tax exemption category as Section 80 C gets exhausted owing to other allowable expenses. The reason is that the current Section 80 C is too cluttered …

Work in progress: The Hindu Editorial on the GST Council meet and issues
1 year, 5 months ago

Work in progress: The Hindu Editorial on the GST Council meet and issues

The Hindu  

Meeting after nearly five months, the Goods and Services Tax Council on Tuesday unravelled some knotty issues that were hanging fire for a long time, such as the constitution of Appellate Tribunals and the tax treatment for the booming online gaming industry. On the other hand, businesses have reacted with much consternation to the Council’s decision to finalise a 28% …

50th GST Council meet: What will be costlier, cheaper | Full list
1 year, 5 months ago

50th GST Council meet: What will be costlier, cheaper | Full list

India TV News  

50th GST Council meeting: Union Finance Minister Nirmala Sitharaman on Tuesday announced several key decisions taken in the 50th Goods and Services Tax Council meeting. 50th GST Council meeting | What will become costlier and cheaper Cancer-related drugs, medicines for rare diseases and food products for special medical purposes will now be exempted from GST. GST rates on uncooked/unfried extruded …

GST Council to weigh tax cuts on select items
1 year, 5 months ago

GST Council to weigh tax cuts on select items

Live Mint  

The goods and services tax Council meeting next week will discuss tax relief on certain medicines, farm products, arthroplasty implants, and services such as satellite launches by private organizations, a person with direct knowledge of the matter said. A committee of officers that reviews proposals for tax rate changes, called the fitment committee, has recommended lowering the GST rates on …

Budget 2023: What Insurance Industry Demands to Boost Insurance Penetration in India
1 year, 11 months ago

Budget 2023: What Insurance Industry Demands to Boost Insurance Penetration in India

News 18  

The Union Budget 2023 — the most eagerly awaited financial event of the year — is just around the corner. Since the growth in the insurance sector has the potential to directly aid India’s global aspirations, Budget 2023 could prove to be a catalyst for its reformation. Here are a few expectations the insurance sector has from this year’s Budget: …

GST Council may take call on online game tax
2 years ago

GST Council may take call on online game tax

Deccan Chronicle  

NEW DELHI: The Goods and Services Tax Council, which is scheduled to meet on December 17, is likely to discuss a host of issues that have arisen following the recommendations of the GST fitment panel. “The Council may also discuss certain tax rate changes for various sectors like textile, insurance among others, but a rate cut in the tax on …

Hospitals in a fix over GST on room rent
2 years, 5 months ago

Hospitals in a fix over GST on room rent

Live Mint  

The goods and services tax council’s decision to impose a 5% tax on hospital room rents that are over ₹5,000 a day has left hospitals in a fix over how to implement it because most offer treatment packages that already include room rent. The GST council led by Sitharaman during a two-day meeting in Chandigarh last week decided that hospital …

Explained | What is next on the agenda for the GST regime?
2 years, 5 months ago

Explained | What is next on the agenda for the GST regime?

The Hindu  

The story so far: The Goods and Services Tax Council, chaired by Union Finance Minister Nirmala Sitharaman, met for the first time in 2022 for a marathon two-day meet this week, just ahead of GST’s fifth birthday on July 1. Based on recommendations made by a Group of Ministers led by Karnataka Chief Minister Basavaraj Bommai, the GST Council has …

In charts, the GST’s five-year report card
2 years, 5 months ago

In charts, the GST’s five-year report card

Live Mint  

Five years ago, the goods and services tax was launched as one of India’s biggest reforms in recent years, with the purpose of making indirect taxes “good and simple". View Full Image Chart-1 The GST regime has completed five years and the guaranteed compensation for loss in revenue to states ceases to exist. View Full Image Chart-2A View Full Image …

GST Council bites the bullet
2 years, 5 months ago

GST Council bites the bullet

Hindustan Times  

Decisions taken in the 47th Goods and Services Tax Council meeting are on expected lines. The five-year window for guaranteed revenue compensation to states, which was a part of the original federal agreement on GST, has not been extended. While the argument might not be palatable to state governments, especially those ruled by the Opposition, phasing out the guaranteed compensation …

GST Council meeting | Extend compensation period, urge States
2 years, 5 months ago

GST Council meeting | Extend compensation period, urge States

The Hindu  

From July 18, tax hikes will kick in for over two dozen goods and services, ranging from unbranded food items, curd and butter milk to low-cost hotels, cheques and maps, the Goods and Services Tax Council decided after a marathon two-day meet that concluded on Wednesday. Exemptions and concessional rates on several items shall be withdrawn, based on recommendations of …

GST Council meet: What FM said on rate rationalisation, tax on casinos, lottery
2 years, 5 months ago

GST Council meet: What FM said on rate rationalisation, tax on casinos, lottery

Live Mint  

From policymakers to common man, everyone is waiting eagerly for the outcome of the 47th Goods and Service Tax Council meeting. Briefing reporters about deliberations at the two-day meeting of the GST Council in Chandigarh, the finance minister spoke about rate rationalisation, the GST compensation to states, on corrections of invested duties, virtual digital assets and more. On exemption, inverted …

GST Council Meet: Pre-Packed Items Under GST; 28% Tax On Casino Deferred; Key Decisions
2 years, 5 months ago

GST Council Meet: Pre-Packed Items Under GST; 28% Tax On Casino Deferred; Key Decisions

News 18  

The GST Council on Wednesday decided to accept the group of ministers’ interim reports on the correction of duty inversion and exemption. The Council has also decided to impose a GST of 18 per cent on the fees charged by banks for the issue of cheques ; bring hotel rooms under Rs 1,000 per day under the 12 per cent …

GST new rates explained: Full list of items, services to get costlier
2 years, 5 months ago

GST new rates explained: Full list of items, services to get costlier

India Today  

A number of items are set to attract Goods and Service Tax after the GST Council approved changes in the tax rates on some goods and services with a view to rationalising the levy. The decision was taken by the GST Council - the highest decision-making body on the levy of goods and services tax, headed by Union Finance Minister …

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