GST, GoM
GoM proposes GST exemption on health insurance policies
The Group of Ministers has suggested GST exemption on term insurance and health insurance policies for senior citizens
GoM suggests higher GST rates for premium products, relief for senior citizens' health insurance
A group of ministers (GoM) examining Goods and Services Tax (GST) rates has proposed moving certain premium shoes and watches into the 28% tax bracket from the current 18%. This price-based GST approach may affect more high-end products.
GoM favours no GST on term life insurance, health insurance for senior citizens
States advocate for exempting health insurance premiums for seniors, term life insurance, and propose tax changes on various items.
GoM for freeing health insurance for senior citizens, all policies up to ₹5-lakh cover from GST burden
GoM lowers GST rates on water, bicycles, notebooks to 5%, proposes hike on high-end watches, shoes. Revenue gain expected.
GoM proposes exemption of health insurance premiums, term life cover from GST
The Group of Ministers (GoM) on GST rate rationalisation said on Saturday that health insurance premiums paid by senior citizens, and premiums paid on term life insurance will be exempted from GST, media reports said.
A Relief for Taxpayers?: GoM Proposes GST Exemption On Life And Health Insurance Premiums For Senior Citizens
In recent turn of events, the Group of Ministers (GoM) proposed to exempt Goods and Services Tax (GST) on term life insurance and health insurance premiums for senior citizens apart from the other proposed changes to the GST.
GST On Term Life Insurance Premium, Health Coverage For Senior Citizen Likely To Be Exempt
The GST Council addressed this issue during its September meeting, following discussions about the 18 per cent GST on life and health insurance premiums.
GST ministerial panel in favour of exempting term life insurance premium, health cover for senior citizens
GST GoM on rate rationalisation discusses rate hike on high-end wrist watches, shoes; GST on packaged water to be cut.
GoM Proposes To Raise GST On Luxury Shoes, Watches, Aims Revenue Boost By Rs 22,000 Cr
The GoM proposed to increase the GST rate on wristwatches priced above Rs 25,000 from 18 per cent to 28 per cent.
GST rates to be cut on 20 litre water bottles and bicycles to 5%, raised for luxury shoes, watches, and beauty products
The estimated revenue gain from all the new changes made by the GoM on GST rationalisation would be ₹22,000 crore ...
GoM decides to cut GST on 20-litre water bottles, bicycles to 5%; raise rate on shoes, watches
GST rate rationalisation GoM lowers tax on water, bicycles, notebooks to 5%, proposes hike on watches, shoes. Revenue gain ...
Can the 12% GST slab be done away with to simplify the tax framework?
The 12 percent GST which is levied on items like butter, ghee, fruit juice, and packed coconut water contributes only 5 ...
Group of Ministers on GST rationalisation proposes lowering tax rates on bicycles, packaged drinking water bottles, notebooks to 5%
The Group of Ministers (GoM) on GST rate rationalisation has decided to reduce tax rates on 20-litre packaged drinking water ...
cnbctv1811h
GoM may propose GST rejig on several items; likely to generate ₹22,000 crore surplus
In its meeting on Saturday (October 19) in New Delhi, "GoM rate Rationalisation discussed several proposals and is ...
ndtvprofit11h
GoM To Cut GST On 20-Litre Water Bottles, Bicycles To 5%; Raise Rate On Shoes, Watches
The rate rejig decision taken by the GoM on GST rate rationalisation under Bihar Deputy Chief Minister Samrat Chaudhary would ...