GoM, GST
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 proposes GST cuts on health insurance, essentials: Here's what will likely get cheaper
The final decision on these proposals will be made by the GST Council, chaired by FM Sitharaman, during its upcoming meeting in November.
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 suggests higher GST rates for premium products, relief for senior citizens' health insurance
A group of ministers 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.
GST on term life insurance premium, senior citizen's health coverage may be exempt
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
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 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.
retail.economictimes.indiatimes59m
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 ...
GST changes: What is likely to get cheaper? Health insurance, packaged water, shoes on the list
A Group of Ministers (GoM) has recommended reducing GST rates on several essential items like packaged water, bicycles, and ...
Swarajya2h
Tax Breaks On Insurance Premiums Expected As GoM Supports GST Exemptions For Key Sectors
Senior citizens are expected to benefit from GST exemption on health insurance premiums. For others, health insurance cover ...
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 ...
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 ...
devdiscourse2h
Mamata Banerjee's Pressure Tactics Force GST Policy Rethink on Insurance
West Bengal CM Mamata Banerjee claims victory as persistent state efforts push the central government to reconsider the 18% ...
ndtvprofit19h
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 ...
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 ...