Tag: gst council
GST Council to hold 55th meet on December 21 in Jaisalmer, Rajasthan
Union Finance Minister Nirmala Sitharaman will meet her state counterparts on December 21 in Jaisalmer, Rajasthan, for the 55th GST Council meeting. Key decisions are…
Budget 2025: Nirmala Sitharaman to meet state FMs for pre-Budget, GST Council meet on Dec 21-22
Union Finance Minister Nirmala Sitharaman is likely to meet her state counterparts on December 21-22 for pre-budget consultations and meeting of the GST Council, an…
Health insurance tax relief coming soon? GST Council may consider lowering tax rates on insurance in December meeting
The GST Council will likely look at lowering the tax rate on certain insurance plans during its upcoming meeting in Rajasthan on December 21st and…
Budget home threshold may be hiked to Rs 55 lakh
New Delhi: The group of ministers (GoM) tasked by the Goods and Services Tax Council to look into application of GST for real estate is…
insurance GST: GoM suggests higher GST rates for premium products, relief for senior citizens’ health insurance
A group of ministers (GoM), tasked by the Goods and Services Tax (GST) Council to look at rate rationalisation, has suggested changes in rates of…
GST: GoM decides to cut GST on 20-litre water bottles, bicycles to 5%; raise rate on shoes, watches
The GoM on GST rate rationalisation on Saturday decided to lower tax rates on 20-litre packaged drinking water bottles, bicycles and exercise notebooks to 5…
Panels on GST rate rationalisation, cutting tax on insurance premium to meet on Saturday
New Delhi: The two ministerial panels set up by the GST Council are slated to meet on October 19 to discuss GST rate rationalisation and…
GST Compensation Cess Future: Group of Ministers proposes merger with taxes
The group of ministers (GoM) on GST compensation cess, under Minister of State for Finance Pankaj Chaudhary, on Wednesday discussed merger of compensation cess into…
GST relief for foreign airlines, academic institutions
New Delhi: Foreign airlines operating in India will not be liable to goods and services tax (GST) on services provided by the head office to…
GST bodies get power to waive off certain penalties
New Delhi: The government has notified changes to goods and services tax (GST) laws, empowering GST authorities to waive off certain interest and penalties on…