Daily Latest News
Last Updated:August 15, 2025, 12:29 is Prime Minister Modi announced “next-generation GST reforms” by Diwali to ease the tax burden on households and small businesses. The GST Council will rationalise tax slabs. Prime Minister Narendra Modi during his 12th Independence Speech from the ramparts of the Red Fort. Next GST Council Meeting: On the ramparts…
New Delhi: The Goods and Services Tax (GST) Council is expected to meet soon to review the tax regime. This could be the most significant review since the scheme was announced on July 1, 2017, eight years ago. According to reports, a sweeping reassessment of tax rates on consumer goods, which are currently taxed at…
New Delhi: The 55th GST Council meeting chaired by Union Finance Minister Nirmala Sitharaman on Saturday proposed several key recommendations to simplify tax procedures and provide relief to taxpayers, including individuals and businesses. A Closer Look at the Key Decisions: What’s Getting Cheaper? – Fortified Rice Kernels (FRK): The GST on Fortified Rice Kernels (FRK)…
Jaisalmer: No major decisions were made during the 55th meeting of the Goods and Services Tax (GST) Council, on issues such as rate rationalisation and the determination of tax rates on insurance premiums.During the press conference, Union Finance Minister Nirmala Sitharaman shared the key decisions taken by the GST Council and provided clarity on several…
Last Updated:December 21, 2024, 2:44 PM IST The GST Council on Saturday decided to postpone decision on cutting taxes on health and life insurance policies for further examination, CNBC-TV18 has reported citing sources. The GoM has informed the Council about lack of consensus. The GST Council on Saturday decided to postpone decision on cutting taxes…
GST Council 55th Meeting: The GST Council on Saturday postponed a decision on cutting tax rate on life and health insurance premiums, officials said. The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, decided that some more technicalities needed to be ironed out and tasked the…
New Delhi: As the 55th meeting of the GST Council was set to begin in Jaisalmer on Saturday, chaired by Union Finance Minister Nirmala Sitharaman, the proposed rate cut on health insurance premiums and the inclusion of Aviation Turbine Fuel (ATF) under the GST ambit would be among the key focus areas. The GST Council…
Last Updated:December 20, 2024, 1:10 PM IST GST Council 55th Meeting: It might cut tax rates on life and health insurance premiums, apart from raising it on high-end wrist watches, shoes and apparels, among other decisions. The GST Council’s 55th meeting is set to convene on Saturday in Jaisalmer, Rajasthan. The GST Council’s 55th meeting,…
Last Updated:December 03, 2024, 10:38 PM IST The CBIC on Tuesday said the GoM on GST rate rationalisation is yet to submit its recommendations to the GST Council, which is the final decision making body in fixation of tax rates. It said the GST Council is empowered to recommend GST rates including changes to them….
New Delhi: The GST Council will hold its next meeting in Rajasthan’s Jaisalmer on December 21, during which it is likely to take a decision on exempting or lowering the GST rate on health and life insurance. The council, chaired by Union Finance Minister Nirmala Sitharaman, may also take up the issue of rationalising GST…