The Centre has proposed exempting individual life and health insurance policies from GST, according to Bihar Deputy CM Samrat ...

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 recommendation comes after the Central Government, on August 15, put forward a major GST reform plan focusing on mainly three areas - structural changes, rate simplification, and ease of living.

A Group of Ministers (GoM) has accepted a proposal to streamline the GST rate structure, reducing it from four slabs to two. The existing 12% and 28% ...

Telangana supports GST rate rationalisation with a compensation mechanism, proposing either continued compensation cess for states or raising GST rates on luxury goods. Ensuring state revenue ...

After the PM's speech, the government later came out with details about the upcoming next-generation GST reform which is aimed at lowering tax rates for most daily use essential items, home appliances ...

Since its launch in 2017, GST has achieved much of its intended purpose—simplifying compliance, reducing the cascading effect of taxes, and creating a unified national market.

The proposed GST reforms are boosting the Indian stock market and FMCG sector, with a projected ₹1.98 lakh crore consumption increase. Analysts note a recovery trend, particularly in rural demand, but ...

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

A Group of Ministers has proposed a full exemption of 18% GST on life and health insurance premiums for individuals in India. While this could lower costs for policyholders, insurers' loss of input ...

Union Finance Minister Nirmala Sitharaman has unveiled a GST reform roadmap, with proposals for tax relief on insurance ...

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