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

Ministers from various states converged in the capital Wednesday to discuss the Centre’s proposal to overhaul GST structure.

India adopted the GST in 2017, sweeping in more than a dozen domestic state taxes in a bid to unify the economy on the ...

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

Currently, health and life insurance premiums attract 18% GST. For instance, a life insurance policy with a Rs 100 premium ...

A crucial meeting of the GoM of State finance ministers on GST rate rationalisation began on Thursday as they started ...

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

General Insurance Corporation gained nearly 3% to trade at Rs 398 apiece. Meanwhile, Life Insurance Corporation Of India gained nearly 2% to trade at Rs 917 apiece. The third biggest gainer was SBI ...

India’s life and health insurers say a full GST exemption on premiums would force them to pass the 18% tax on various input ...

The GST Council is expected to approve the shift in the coming weeks, with a new 40% slab reserved for sin goods such as ...

A GST exemption for life and health insurance in the upcoming reforms would translate into a revenue loss of ₹9,700 crore, ...

Ministers from various states converged in the capital Wednesday to discuss the Centre’s proposal to overhaul the GST ...