A key meeting of the Group of Ministers (GoM) on GST rate rationalisation on Thursday ended with state finance minister accepting the Centre’s plan to reduce the number of tax slabs.

A crucial meeting of the GoM of state finance ministers on GST rate rationalisation began on Thursday as they started deliberation on the Centre's proposal to reduce tax slabs to 5 and 18 per cent.

India panel proposes exempting taxes on health, life insurance The final decision will be taken by the GST council, which is ...

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.

after a state ministers’ panel proposed GST exemptions on individual health and life insurance premiums to spur demand. The panel also endorsed a new two-slab GST structure, pending approval from the ...

CHANDIGARH: The AAP-led Punjab government on Thursday slammed the BJP-led Centre after the two-day GST GoM meeting, demanding immediate release of pending Rs 50 ...

There is a fine line between political populism and fiscal prudence, if not in tax collections, then in the idea of taxation itself ...

The GoM of state finance ministers has endorsed the Centre's proposal for a two-tier GST structure, recommending it to the GST Council amid concerns over revenue loss and compensation ...

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

A Group of Ministers has proposed a full exemption of 18% GST on life and health insurance premiums for individuals in India. While this could lower costs for policyholders, insurers' loss of input ...

GoM approves two-slab GST structure at 5% and 18%, simplifying tax regime under Nirmala Sitharaman's leadership for household savings and business ease.

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.