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, Jun 16, 2022
The GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on June 28 and 29 in Srinagar
Sun, May 22, 2022
The modified form will provide clarity with regard to gross input tax credit (ITC) due to the taxpayer, the amount claimed in a particular month and the net amount left in the taxpayer's ledger, according to officials.
Sun, Apr 17, 2022
Sources said in order to augment revenue the Council may decide to prune the list of exempt items by moving some of the non-food items to 3 per cent slab.
Wed, Sep 15, 2021
If approved, the apps would be given certain time to make changes in their software to allow for such tax to be charged.
Fri, Jul 02, 2021
Union Finance Minister Nirmala Sitharaman said on Thursday that a special session of the GST Council will be held soon to discuss all compensation-related issues.
Fri, Sep 11, 2020
GST Council in its meeting on September 19 will likely decide on 18 pct rate on all kind of sanitizers, sources told Zee Business exclusively. Currently, while non-alcohol based sanitizer attracts 12 pct , 18 pct tax is levied on alcohol-based sanitizer. As per sources, ayurvedic companies are against rate change on their sanitizers and want it to remain same
Thu, Aug 27, 2020
Today the 41st meeting of the GST Council was held under the leadership of Finance Minister Nirmala Sitharaman. The meeting churned on other issues including GST compensation of states.
Mon, Jun 29, 2020
The GST Council had allowed real estate players to shift to 5 per cent GST rate for residential units and 1 per cent for affordable housing without the benefit of input tax credit (ITC) from April 1, 2019.
Sun, Mar 15, 2020
Vital GST council meet under Finance Minister Nirmala Sitharaman's leadership took place. Rates of mobile phones rose after GST on mobile phones rises from 12% to 18%.
Thu, Mar 12, 2020
In the upcoming GST council meet on March 14, GST rates on mobiles, footwear, textiles might increase.
Thu, Dec 19, 2019
GST Council Meeting: The due date for filing of Form GSTR – 9 and GSTR – 9C for FY 2017-18 extended to 31st Jan 2020.
Wed, Dec 18, 2019
Goods & Services Tax meet to held today, a new committee may be formed on slab changing decisions. Watch this video to know more. #GSTCouncil #GSTSlabs
Union finance minister Nirmala Sitharaman on Wednesday chaired the 38th Goods and Services Tax (GST) Council Meeting. A review of the tax rates and slabs under GST was expected to be announced in the meeting.
GST Council Meet, Bank of Baroda, NMDC, Persistent System and telecom stocks are expected to remain newsmakers throughout the intraday trade session.
Tue, Oct 01, 2019
New GST form and applications to get simpler from next year. Watch video to know more.
In the recently held 37th GST Council meeting in Goa, Finance Minister Nirmala Sitharaman approved reduction in the GST on hotel room rent to give a boost to the tourism sector.
Sat, Sep 28, 2019
GST Network, the IT backbone of the indirect tax system, on Thursday unveiled an online refund process as decided by the GST Council.
Fri, Sep 20, 2019
Addressing the media, the FM said the GST rate on slide fasteners has been reduced from 18% to 12%; marine fuel 18% to 5%; 12% to 5% on wet grinders consisting of stone as a grinder, and 5% to nil on dried tamarind.
Finance Minister Nirmala Sitharaman slashed corporate tax rate in a major way to give economic growth a big booster dose after data put showed economy grew by 5% in last quarter. Sitharaman made the announcement in Goa ahead of the GST Council meeting.
GST Council is likely to recommend tax cuts on 20-25 products on Friday but will avoid lowering rates for items that will significantly dent revenue collections, two government sources said.
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