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

The six-member panel, led by Bihar Deputy Chief Minister Samrat Choudhary, agreed to phase out the current four-tier framework of 5, 12, 18 and 28 per cent.

At the meeting of the Group of Ministers on Life and Health Insurance Services and the Group of Ministers on restructuring ...

Group of Ministers accepts the Centre's rate rationalisation proposal, which includes consolidating the slabs into two — 5 ...

The Group of Ministers on rate rationalisation endorsed the Centre’s plan to introduce a simpler structure, replacing the ...

The Aam Aadmi Party (AAP)-led Punjab government has demanded the immediate release of its pending Rs 50,000 crore from the Centre, even as it agreed to the proposed GST rate cuts during the recent ...

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.

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 ...

Six days ago, Prime Minister Narendra Modi, in his Independence Day address, announced the next big phase of reforms under the GST regime by Diwali, a gift for the common man, small entrepreneurs and ...

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 ...