GoM supports Centre's proposal to simplify GST slabs, but opposition states seek clarity on revenue loss and compensation measures.

Insurers presently avail input tax credit on significant backend costs such as insurance commission, re-insurance, technology ...

A key meeting of the Group of Ministers (GoM) on GST rate rationalisation on Thursday ended with state finance minister accepting the Centre’s plan to reduce the number of tax slabs.

GST exemption for insurance under review The GoM also considered exempting individual health and life insurance from GST. If ...

The additional cost from input credit reversal will likely be factored into the pricing of insurance policies, offsetting a large part of the intended relief for customers, they say ...

Indian benchmark indices Sensex and Nifty advanced on Thursday, extending their rally to a sixth straight session as optimism ...

after a panel of state ministers recommended GST exemptions on individual health and life insurance premiums to stimulate ...

Bihar Deputy Chief Minister Samrat Choudhary, who is the convenor of the GoM on rate rationalization, said the GoM has ...

Indian equity markets extended their winning streak for the sixth straight session on Thursday, August 21, with the Sensex reclaiming the 82,000 mark. The uptrend was largely driven by Large-Cap ...

after a state ministers’ panel proposed GST exemptions on individual health and life insurance premiums to spur demand. The panel also endorsed a new two-slab GST structure, pending approval from the ...

The insurance industry has welcomed the government’s move to consider exempting health and life insurance premiums from Goods ...