Tag: tax rate
GST Council postpones decision to cut tax on life and health insurance
Dec 21, 2024 01:47 PM IST 18% GST will continue on premiums paid for policies with health insurance cover of over ₹5 lakh. The GST…
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 rate rationalisation: GoM discusses pruning 12 pc slab, next meeting on Oct 20
New Delhi: The GoM on GST rate rationalisation has discussed tax rate tweaks on over 100 items, including lowering taxes on certain goods from 12…
GST Council forms GoM to review tax rate on health, life insurance; report by Oct 30
New Delhi: The GST Council on Sunday constituted a 13-member Group of Ministers (GoM) to suggest GST rate on premiums of various health and life…
Nirmala Sitharaman on Budget 2024: ‘Want to give relief to middle class but…’
Finance minister Nirmala Sitharaman said that through the Union Budget 2024 the government aimed to provide relief to the middle class although there are limitations….
Indian rupee declines to record low after government raises tax on capital gains
Jul 23, 2024 02:30 PM IST The Indian rupee declined to record low after the domestic stock market crashed due to the government raising tax…