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Articles for Levies, search results for goods

55th GST council meeting in Jaisalmer on December 21, 2024: Finance Minister Nirmala Sitharaman media briefing
3 days, 12 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 …

Tax Minister Sitharaman Gst Council Levies
GST Council Meeting: Industry eyes tax relief on health insurance premiums, higher levies on luxury items
1 week, 5 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 …

Health Insurance Tax Health Insurance Gst Council Gom Mani
Trump's import tariffs will have limited impact on Netherlands: CPB
3 weeks, 6 days ago

Trump's import tariffs will have limited impact on Netherlands: CPB

NL Times  

The import tariffs that the incoming American president Donald Trump wants to implement will only have limited consequences for the Netherlands. According to the bureau, the effect of the import tariffs is greater for some exports in the Netherlands because they export relatively more to the U.S. For example, the production of machines and equipment, electronic and optical products, and …

Dutch Netherlands Import Cpb
​Soothing salvo: On new Group of Ministers and tax changes for insurance policies
3 months, 2 weeks 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 Gst Health Cover Insurance Policies Soothing Salvo Tax Changes
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 …

Insurance Gst
Rethink trade levies for global value chain integration
2 years, 1 month ago

Rethink trade levies for global value chain integration

Live Mint  

Trade policy experts have debated India’s past experiences with free trade agreements, like the one with ASEAN. FTAs and trade remedial measures with saturated fatty alcohol as an example: There are several advantages of being party to an FTA. Let us take up the example of safeguard duties/ADDs on imports of saturated fatty alcohol, the basic raw material used by …

India Trade Industry Alcohol Indian Domestic Indonesia