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 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 likely to propose GST exemptions on life, health insurance premiums for senior sitizens
The GoM is of the view that pure-term life insurance and pure-term life insurance covering family members should be exempted from GST, sources added.
GST panel bats for exemption on insurance premium, health cover for senior citizens; reduces tax on 20L water bottles, bicycles
The GoM on rate rationalisation in its previous meeting had discussed tax rate tweaks on over 100 items, including lowering taxes on certain goods from 12 to 5 percent to give relief to the masses.
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.
GoM bats for exemption of life insurance premium from GST: Report
Goods and services tax (GST) on term life insurance premiums, and premium paid by senior citizens for health cover is likely to be exempted from tax, an official said on Saturday.
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
In a significant development, the Group of Ministers (GoM) on Saturday agreed upon some Goods and Services Tax (GST) rate ...
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No GST on these transactions? Big update from GST Council GOM
The GoM also discussed GST for packaged water above 20 litres at 5%. The other proposals that GoM discussed today were ...
GoM decides to cut GST on 20-litre water bottles, bicycles to 5%; raise rate on shoes, watches
The GoM proposed reducing GST on packaged drinking water of 20 litres and above to 5 per cent from 18 per cent. If the GoM's ...
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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 ...
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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 ...
Will removal of 12% GST slab help 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 ...
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Revenue loss fears may impede GST slabs rejig plan
The GoM would be suggesting tax rate of health/medical insurance including individual, group, family floater and other ...
No decision at GoM meet on compensation cess
The Group of Ministers (GoM) on GST compensation cess, led by Minister of State for Finance Pankaj Chaudhary, on Wednesday ...