The Centre has proposed exempting life and health insurance policies for individuals from the ambit of GST, the head of a panel of minister.

NEW DELHI Finance minister Nirmala Sitharaman said on Wednesday that proposed GST rate rationalisation was aimed at providing greater relief to the co.

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 ...

India’s proposed GST overhaul and income tax cuts aim to boost household spending but stagnant wages, AI disruptions and global uncertainties pose deeper challenges to sustainable income growth and co ...

Businesses have to cope with existing stock and related issues when a new GST rate structure is enforced. It can lead to confusion and possible losses. However, anticipating potential downsides will h ...

A panel of Indian state ministers on goods and services tax (GST) has proposed exempting tax on health and life insurance ...

Finance Minister Nirmala Sitharaman on Wednesday said the next-generation GST reforms is a step towards making India ...

The proposal was put forward by the GST Group of Ministers (GoM) on insurance, which recommended that the exemption would ...

GoMs discuss Centre's 'next-gen' GST reforms, including 5% and 18% rates, with special 40% rate on select items.

The biggest beneficiaries will be commoners, with GST reduced on all essential items, and SMEs, which will turn more ...

Experts said the move to exempt GST on health and life insurance premiums would provide significant relief to households.