Thu, Nov 07, 2024
The GST Council is considering a proposal to make health insurance premiums tax-free. This move aims to reduce the financial burden on policyholders and promote wider access to healthcare coverage. If approved, the change could simplify tax calculations for individuals and encourage more people to invest in health insurance. This potential policy shift could have significant implications for the insurance industry and consumers alike
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Fri, Sep 27, 2024
With just one-and-a-half year remaining for the cess to end, the GST Council in its 54th meeting on September 9 decided to set up a GoM to decide the future course of the cess.
Sun, Sep 22, 2024
During the August meeting, the panel had tasked the fitment committee comprising tax officers from the Centre and states to analyse the implication of tax rate change on some items and gather more data.
Thu, May 18, 2017
Jaitley promised that the Centre will do all it can in restructuring the GST implementation for Jammu and Kashmir keeping in mind the special status of the state, an official spokesman said here.
The GST Council headed by Jaitley is meeting here to take a final call on the new taxation regime and finalise the rates of different commodities and services.
Sun, May 14, 2017
The collections of excise duty may take hit as dealers are refraining from purchasing goods from manufacturers as they are not sure about tax credits and rates under GST, which is slated for July 1 launch.
Sat, May 06, 2017
Commerce Minister Nirmala Sitharaman on Saturday said that the revised mid-term foreign trade policy (FTP) is to be announced few days ahead of July 1 before the roll out of GST.
Sun, Apr 02, 2017
Adhia said the endeavour would be to maintain the current tax incidence on a commodity or service at the same level in the new Goods and Services Tax (GST) regime.
Tue, Mar 28, 2017
On Monday, BSE Sensex closed at 29,237.15, down 184.25 points, while NSE Nifty ended at 9,045.20, down 62.80 points or 0.69%.
Mon, Mar 20, 2017
The Indian rupee strengthened by 1.15 paise in the week gone by to Rs. 65.46 against the US dollar.
The S-GST will allow states to levy the tax after VAT and other state levies are subsumed in the GST.
Sun, Mar 19, 2017
Industry has been expressing concern over the TCS provisions saying it would mean a lock-in of capital and also dissuades companies from selling through online aggregators.
Sat, Mar 18, 2017
The decision on rates seems to be a long way, because the fitment into tax slabs -- 5%, 12%, 15% and 28% -- is currently ongoing, which will then need approval of the Council.
Fri, Mar 17, 2017
"I think it's round the corner, you will see it this year. Better days are coming because I have never seen such strong macro-economic fundamentals," HDFC chairman Deepak Parekh said at the India Today Conclave here.
Motilal Oswal said, "Cap announced on the cess applicable on the 5 commodities under the GST, to bring the GST rates on these commodities closer to the existing ones. The GST progressed further. Some clarity on rates could bring upsides to stocks like ITC."
Thu, Mar 16, 2017
The Goods and Service Tax Council on Thursday approved the State GST and Union Territory GST laws which were the final two draft laws that needed to be passed.
Sun, Mar 05, 2017
A full-fledged authority can be created if profiteering is rampant and there are complaints from public.
It added that an agriculturist (defined as someone who supplies produce out of cultivation of land) would not be liable to register under the GST regime.
Sat, Mar 04, 2017
The GST Council in its meeting held on Saturday in Vigyan Bhawan in New Delhi under the Chairmanship of Finance Minister Arun Jaitley has approved the draft CGST Bill and the draft IGST Bill
Union Finance Minister Arun Jaitley met with his state counterparts today and discussed the GST legislation to be adopted by Union Territories.
Tue, Feb 28, 2017
The next meeting on GST bill implementation will be held on March 4, 2017 and March 5, 2017.
Sat, Feb 18, 2017
Jaitely in a PTI report commented, "The GST Council clears law for compensating states for loss of revenue from GST implementation."
Fri, Feb 17, 2017
GST Council headed by FM Arun Jaitley is likely to finalise the draft model GST law including final drafting of the anti-profiteering clause on February 18, Saturday.
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