There is a need to reduce the GST rate on insurance products, especially health and term insurance, which is 18 per cent at present, recommends the Standing Committee on Finance.
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.
CBIC Chairman Sanjay Agarwal said, “We are ready to implement 28 per cent GST rate on online gaming from October 1 with the consent of all the states. The law for the GST rate on online gaming will have to be passed by the assembly of states. Show cause notices to some online gaming companie
Upon a query on whether the government proposes to reduce GST slabs on aforesaid items, the Minister of State for Finance had said the GST rates and exemption were prescribed by the government, based only on the recommendations of GST Council, which is a constitutional body comprising member
New Delhi [India], July 29 (ANI): Opposition MPs continued their 50-hour day-night sit-in protest on Friday morning in front of the Mahatma Gandhi statue inside Parliament premises to mark their strong protest against their suspension and the central government which they claimed was not rea
New Delhi, July 28 (ANI): Suspended Opposition MPs spent Wednesday night in the Parliament complex beneath an open sky in shifts to mark their strong protest against the central government which they claimed was not ready to hold discussion over key issues like price rise and increased GST r
New Delhi [India], July 20 (ANI): On the third day of the Monsoon Session, members of Opposition parties in Lok Sabha and Rajya Sabha are holding a joint protest against inflation and GST rates hike near the Gandhi statue in Parliament on Wednesday.
New Delhi [India], July 19 (ANI): As soon as the second day of the Monsoon Session commenced, the Rajya Sabha was adjourned till 2 pm amid protests and sloganeering by the opposition parties over inflation and GST rate hikes.
New Delhi [India], July 18 (ANI): The recommendations on Goods and Services Tax rates that were made during the 47th GST Council meeting held in June come into effect today.