In the 55th GST Council meeting held on December 21, 2024, in Jaisalmer, the Group of Ministers (GoM) on Life and Health Insurance requested additional time to finalize their reco ...

Will the Minister of FINANCE be pleased to state: (a) the recommendations of GoM constituted by GST Council on the issue of insurance premiums which endangers social security of the ordinary people ...

Insurers argue that a complete exemption will lead to denial of input tax credit and the increased costs will have to be passed on to the consumers, negating the intended benefit of exemption ...

Finance Secretary Tuhin Kanta Pandey emphasized the need for GST rate rationalization after gaining implementation experience ...

Three back-to-back GST Council meetings were held last year. These meetings saw major announcements, including changes in tax ...

GST Council sets up GoM to suggest changes in GST rates, aiming to reduce slabs for better tax rationalization.

The RBI in its circular had directed regulated entities to replace "penal interest" with "penal charges" for borrowers who ...

Discussions between Centre and states have taken place to undertake not just GST rate rationalisation but also simplify the structure, with a particular focus on doing away with the 12 per cent slab, ...

Finance Secretary Tuhin Kanta Pandey emphasizes the need for GST rate rationalization, highlighting the importance of ...

The CBIC confirms that GST is not applicable on penal charges by banks and NBFCs, clarifying the tax implications for ...

The proposed amendment, under Section 148A of the CGST Act, would empower authorities to monitor the movement of specified ...