"We have supported the two proposals by the Govt of India of scrapping GST slabs of 12 per cent and 28 per cent," Choudhary said after attending a meeting of the Group of Ministers (GoM) with Union ...

The Centre has proposed reforms in GST by reducing the number of slabs under Goods and Services Tax (GST) to 2 (5 and 18%) ...

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 ...

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

The new system is a step towards a simpler mode in India's seven-year-old GST regime, originally conceived as a single ...

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 ...

Steps following up on Prime Minister Narendra Modi's Independence Day announcement of rationalising the indirect tax regime ...

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 ...