Health insurance tax relief coming soon? GST Council may consider lowering tax rates on insurance in December meeting
The GST Council is likely to consider lowering the tax rate on certain insurance plans, including potentially eliminating the 18% tax on term life insurance. They may also eliminate the tax on health insurance for senior citizens and those with coverage up to Rs 5 lakh.
GST Council likely to meet at December-end, tax relief for health, life insurance on cards
The council was expected to meet this month but now the meeting has been moved to align with Union finance minister Nirmala Sitharaman holding pre-budget consultations with her counterparts from state
Sitharaman to meet state FMs for pre-Budget, GST Council meet on Dec 21-22
The 55th GST Council meeting would be held during one of these two days in which the much awaited decision on exemption or lower GST rate on health and life insurance would be taken.
Nirmala Sitharaman To Meet GST Council And State Finance Ministers In December—Here's What's Expected For Tax Rationalisation
Union Finance Minister Nirmala Sitharaman is expected to meet with State Finance Ministers on 21-22 December for pre-budget consultations and a Goods and Service Tax (GST) Council meeting, according to an official.
Budget 2025: Nirmala Sitharaman to meet state FMs for pre-Budget, GST Council meet on Dec 21-22
Finance Minister Nirmala Sitharaman is set to meet with state counterparts on December 21-22 for pre-budget discussions and a GST Council meeting. Key agenda items include potential GST exemptions for certain insurance policies and rate reductions on various goods.
Sitharaman to meet state finance ministers for pre-Budget talks, GST Council meet in December
Union Finance Minister Nirmala Sitharaman is set to meet with state finance ministers on December 21-22 for pre-Budget discussions and a meeting of the Goods and Services Tax (GST) Council, reports PTI.
Finance Minister Nirmala Sitharaman Set To Meet State Counterparts For Key Pre-Budget, GST Talks on December 21-22
Union Finance Minister Nirmala Sitharaman is set to meet state finance ministers on December 21-22 for pre-budget discussions and the 55th GST Council meeting. Key agenda items include potential GST rate exemptions on health and life insurance,
GST could see tourists go elsewhere - hotelier
A Guernsey hotelier believes introducing a goods and service tax (GST) could see tourists choose other holiday destinations.
Businesses have 3 weeks to avail ITC, correct compliances in GST returns for FY24
Last chance for businesses to claim pending ITC under GST mechanism before November 30 deadline. Be vigilant for new changes.
GST, customs, excise case hearings to be virtual by default now: Expert views on pros and cons
Now GST cases to be heard only through virtual i.e. video conferencing mode. However if you wish you may request for physical ...
GST could be set at 8% warns P&R vice-president
A politician has warned the planned introduction of a goods and services tax (GST) is likely to be set at 8% and not 5%.
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LIC Appeals GST Demand in Uttarakhand
Life Insurance Corporation (LIC) has challenged a GST demand of Rs 20.18 lakh by the Uttarakhand tax administration, ...
GST Council call on insurance next month
The GST Council is set to discuss reducing the GST on term insurance plans to zero and offering similar relief for health ...
Tax Guru17h
GST Proceedings Valid Even if Order Not on uploaded Portal: Calcutta HC
Union of India, the Calcutta High Court ruled that GST proceedings are not invalidated simply because a Show Cause Notice ...
FirstCry parent Brainbees Solutions completes GST inspection; pays ₹1.74 crore in tax review settlement
The GST inspection focused on reported mismatches between GST return filings in forms GSTR-3B and GSTR-2A across the ...