Lowering the Goods and Services Tax (GST) rate on health insurance products and incentivize more and more people to buy them are some of the key expectations of the insurance sector for the upcoming interim budget in 2024.
Core inflation is decelerating too, albeit at a slower pace, and is expected to reach 4.5 per cent in 2024. Core inflation is the change in the costs of goods and services, barring those from the food and energy basket.
Punjab Finance, Planning, Excise, and Taxation Minister Advocate Harpal Singh Cheema on Wednesday said that the state has witnessed a net 16.52 percent growth rate in revenue from Goods and Services Tax (GST) and a 10.4 percent increase in revenue from Excise up to December in the current fi
According to a press release by the Ministry of Finance, this figure marked a substantial increase from the Rs 13.40 lakh crore collected in the corresponding period of the previous fiscal year (April-December 2022).
The Rajya Sabha on Wednesday gave its nod to a Bill to ease the setting up of GST appellate tribunals (GSTAT) by modifying the terms of appointment of members and fixing a cap of 50 years as the minimum age for member or president of the tribunal.
After another day of disruptions and suspensions that saw the count of the members suspended for the remainder of the ongoing Winter Session to 141, both Houses will reconvene for business on Wednesday.
A bill to align certain provisions of the Central Goods and Services Tax Act, 2017 with the Tribunal Reforms Act, 2021 was passed by the Lok Sabha on Tuesday. The House also passed the Provisional Collection of Taxes Bill, 2023.
According to a press release by the Ministry of Consumer Affairs, Food and Public Distribution, this strategic move aligns with the government's directives to ensure a steady supply of wheat and rice, not only for the Public Distribution System (PDS) but also for effective market interventio
A bill to align provisions of the Central Goods and Services Tax Act with the Tribunal Reforms Act to initiate the administrative process for operationalisation of the Goods and Services Tax Appellate Tribunals was introduced in Lok Sabha on Wednesday
Union Finance Minister Nirmala Sitharaman will move for leave to introduce a Bill to amend the Central Goods and Services Tax Act, 2017, in the Lok Sabha on the 10th day of the winter session of Parliament.