GoM backs GST 2.0, cutting slabs to 5% and 18%, promising tax relief for households, farmers, MSMEs and businesses. | One of ...

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 ...

GoM approves two-slab GST structure at 5% and 18%, simplifying tax regime under Nirmala Sitharaman's leadership for household savings and business ease.

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.

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

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 ...

India’s equity benchmarks rose for a sixth consecutive session on Thursday, supported by gains in financial stocks after a ...

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.

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 ...