The Group of Ministers on rate rationalisation has recommended a two-slab GST structure of 5% and 18% and a special rate of 40%. As the GST Council prepares to deliberate, states remain concerned ...

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

Led by Bihar Deputy Chief Minister Samrat Choudhary, the six-member GoM agreed to streamline the present four-tier GST system ...

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

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

Prime Minister Narendra Modi has proposed India's biggest tax reform in eight years to lower consumption levies on everyday ...

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

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.

Even if the September quarter earnings take a hit, analysts say the pent-up demand would lead to a solid earnings show in Q3 and Q4 as the benefits of the lower tax slabs spur consumption.

Group of Ministers in Bihar endorse Centre's GST proposal, with new 40% slab and limited 28% goods, for rate rationalisation.

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

Prime Minister Narendra Modi has proposed India's biggest tax reform in eight years to lower consumption levies on everyday ...