The Group of Ministers, a key decision-making panel on Goods and Services Tax (GST), has approved the Centre's proposal to ...

Life and health insurance policies may not attract any Goods and Services Tax (GST) as the Centre has formally proposed an ...

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

At present, Goods and Services Tax (GST) has four slabs of 5, 12, 18 and 28 per cent. While food items are either taxed at 0 or 5 per cent, luxury and sin goods are taxed at 28 per cent.

Due date for GSTR-3B for July 2025 is extended to August 27, 2025, for taxpayers in Mumbai, Thane, Raigad, and Palghar districts of ...

India's federal government has not quantified the loss to the exchequer due to a lowering of the goods and services tax rates but a state ministers' panel has endorsed the new rate structure, state ...

The Finance Ministry has put forth a proposal about a simplified, two-tier Goods and Services Tax (GST) system with a ...

The six-member panel, led by Bihar Deputy Chief Minister Samrat Choudhary, agreed to phase out the current four-tier framework of 5, 12, 18 and 28 per cent.

The Centre plans to exempt life and health insurance premiums from 18% GST, aiming to boost financial inclusion and healthcare access before Diwali.

In a significant move in the process of further simplifying India’s tax framework, the Group of Ministers (GoM) has reportedly given its consent for ...

When I was a young journalist in Bombay (now Mumbai), there was an event that evoked a lot of humour and pained resignation.

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