Experts analyze the impact of proposed GST exemption on health & life insurance policies, focusing on term & health plans.

GoM approves streamlining GST rates to a simplified 5% and 18% two-slab structure, eliminating 12% & 28% slabs.

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

The new system is a step towards a simpler mode in India's seven-year-old GST regime, originally conceived as a single ...

Insurers presently avail input tax credit on significant backend costs such as insurance commission, re-insurance, technology ...

Proposed GST cut on small cars from 29% to 18% could make popular models like Maruti Swift, Dzire, Tata Punch and more ...

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.

Maruti Suzuki India Chairman R C Bhargava said that GST on cars is currently 28 per cent, with a cess on larger cars pushing ...

The proposal was put forward by the GST Group of Ministers (GoM) on insurance, which recommended that the exemption would make coverage more affordable and boost penetration in India’s market.

Hyderabad: Agriculture minister Tummala Nageswara Rao has written to Prime Minister Narendra Modi, Union finance minister ...

The Group of Ministers (GoM) on Rate Rationalisation, formed by the Goods and Services Tax (GST) Council, has decided to accept the Centre’s two-rate structure proposal for GST and will be ...

With GST rate rationalisation, the tax on cars, two-wheelers, three-wheelers, trucks and buses will reduce to 18% from 28%.