Big Relief! 0% GST On Health Policies, Life Insurance, Down From 18%
The decision was taken during the 56th GST Council meeting on Wednesday. Along with this, the council also scrapped the 12 per cent and 28 per cent tax slabs. Instead, a new 40 per cent bracket has been introduced, which will apply to luxury and sin goods.
Sep 03, 2025, 23:25 PM IST
Gujarat Govt Brings Ordinance To Align State GST Law With Centre’s 2025 Amendments
The Gujarat GST (Second Amendment) Ordinance, 2025, is significant as it aligns the state’s tax framework with national GST reforms introduced by the Finance Act, 2025, ensuring legal uniformity and operational consistency across jurisdictions.
Jun 18, 2025, 14:57 PM IST
Will Popcorn Prices Rise In Theaters? Here’s How Much Tax Your Movie-Time Snack Will Attract
If popcorn is bundled with a movie ticket then it will be considered a composite supply.
Dec 25, 2024, 14:01 PM IST
GST Council 55th Meeting Postpones Decision On Slashing Tax On Life, Health Insurance
GST Council 55th Meeting: The premium paid by senior citizens towards health insurance coverage has been proposed to be exempted from the tax.
Dec 21, 2024, 13:44 PM IST
GST On Term Life Insurance Premium, Health Coverage For Senior Citizen Likely To Be Exempted
GST On Health Insurance Premium: The GST Council addressed this issue during its September meeting, following discussions about the 18 per cent GST on life and health insurance premiums.
Oct 19, 2024, 18:25 PM IST
GST Panel Deliberates On Lowering Rate On Health Insurance, Tractors
As tractor segment volumes saw marginal growth (year-on-year) in September, a reduction in GST on tractors will offset the revenue loss, according to industry experts.
Oct 04, 2024, 21:26 PM IST
GST Council Meet On September 9: From Taxation On Insurance Premium, Rate Rationalisation --Check Key Expectations
According to industry sources, the GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, is also likely to discuss the operationalisation of the GST Appellate Tribunal mechanism which is a key step towards streamlining dispute resolution under GST.
Sep 09, 2024, 08:28 AM IST
GST Council Meeting: FM Sitharaman Announces Nationwide Biometric Authentication- Key Highlights
The Council proposed a uniform GST rate of 12 per cent on all milk cans, regardless of the material they are made from (steel, iron, aluminum), aiming to resolve disputes.
Jun 22, 2024, 19:55 PM IST
GST Amnesty Scheme: Big Relief Announced For Taxpayers At 52nd GST Council Meet - Check Here
In its meeting on Saturday, the 52nd GST Council extended the deadline for GST-registered enterprises to file appeals with an increased pre-deposit of 12.5 percent of the tax demand.
Oct 08, 2023, 09:54 AM IST
GST Council To Meet On Oct 7; Check What's In Agenda
The amendments also make registration mandatory for offshore e-gaming companies operating in India. It also provides for blocking of access in case offshore platforms fail to comply with GST registration and tax payment norms.
Sep 27, 2023, 11:58 AM IST
GST Waived Off On Cancer Treatment Drugs, Special Medicines
Addressing a press conference after the marathon eight-hours-long meeting, Sitharaman said that tax exemption has also been extended to satellite launch services provided by private parties.
Jul 12, 2023, 07:47 AM IST
GST Council Meet Today, Likely To Take A Call On Taxing Heavy Utility Vehicles, Horse Racing, Online Gaming
Setting up of a GST Tribunal and framing of their rules may also be taken up for discussion during the meeting.
Jul 11, 2023, 08:39 AM IST
Entire GST Compensation Cess Dues of Rs 16,982 Crore will be Cleared: FM Nirmala Sitharaman
The GST rates on pencil sharpeners will come down from 18 percent to 12 percent.
Feb 18, 2023, 18:57 PM IST
GST Council Reduces Tax on Liquid Jaggery, Pencil Sharpeners
FM Sitharaman said all the GST compensation dues will be cleared, including Rs 16,982 crore for the month of June.
Feb 18, 2023, 17:38 PM IST
GST Council Meet Starts Today; Here are Key Things That can be Discussed
Goods and Services (GST) Council will meet on Saturday to discuss on various agenda in New Delhi including GST reduction on Millet-based products, Open health products, GOM on GST Tribunal, More.
Feb 18, 2023, 13:18 PM IST
GST Council to Meet on February 18; Online Gaming, Appellate Tribunal, GoM Report Top Agenda
The 48th Meeting of the GST Council was held on December 17, 2022, through video conference.
Feb 10, 2023, 15:13 PM IST
GST Council to Meet on February 18; Tax on Pan Masala, Gutka Companies, Online Gaming Top Agenda
The 49th GST Council meeting is likely to take up issues relating to taxation on 'pan masala' and 'gutka' companies, setting up of appellate tribunals, and GST levy on online gaming, casino, and horse racing.
Feb 04, 2023, 13:59 PM IST
It's not BJP money: Finance Minister Nirmala Sitharaman on Rs 200 crore seized from perfume maker in Kannauj
Union Finance Minister Nirmala Sitharaman said the nearly Rs 200 crore cash recovered from perfume maker Peeyush Jain is not BJP money.
Dec 31, 2021, 16:58 PM IST
GST Council: Union Finance Minister Nirmala Sitharaman to chair 46th meeting today; check key demands of states
The 46th GST Council meeting holds importance ahead of the Union Budget, which is presented on the first day of February by the Finance Minister in Parliament.
Dec 31, 2021, 06:49 AM IST