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New Delhi: An investment analyst has alleged that despite the government’s directions to insurance companies to proactively pass on the benefits of GST reforms to policyholders, the latter are arbitrarily increasing premiums of life and health insurance. Health and life insurance, which earlier attracted 18 per cent GST, have now been moved to the nil…
New Delhi: The Central Board of Indirect Taxes and Customs (CBIC) has issued a detailed clarification on the Goods and Services Tax (GST) treatment of secondary or post-sale discounts, following multiple industry representations seeking clarity on their impact on tax liability and input tax credit (ITC). According to the circular, when suppliers issue financial or…
Last Updated:September 13, 2025, 13:03 is Hindustan Unilever Ltd reduces prices on Kissan Jam, Horlicks, Lux soap and Dove shampoo in line with the government’s decision to cut GST rates. Check latest rates. HUL said fresh stock carrying the revised maximum retail price (MRP) or higher grammage packs is being dispatched to markets. Hindustan Unilever…
New Delhi: Under the new rates, Marble and travertine blocks and Granite Blocks will now attract GST rate of 5% compared to the earlier rate of 12%. This reduction in GST rates will benefit the housing sector as these marble and granite are used largely in housing industry. Granite and marble extraction are happening in…
New Delhi: As discussions continue to bring petrol and diesel within the ambit of Goods and Services Tax (GST), Chairman of the Central Board of Indirect Taxes and Customs (CBIC) Sanjay Kumar Agarwal said it may not be possible to bring these items under the indirect taxation for the time being. Asked if petrol and…
New Delhi: The Ministry of Consumer Affairs has issued a directive, asking companies to update/revise maximum retail prices (MRPs) on unsold stocks, in line with the GST rate slabs as the latest ones come to effect from 22 September 2025. “… the Central Government hereby permits the manufacturers or packers or importers of pre-packaged commodities…
The introduction of GST 2.0 has significantly reduced car prices across India, offering savings from Rs 65,000 to Rs 8.9 lakh on various models. Major manufacturers like Tata, Mahindra, Mercedes and others have announced price cuts. These reductions will be effective from September 22. Here’s a look at the revised prices. Mahindra: Bolero Neo –…
New Delhi: The GST reforms will directly bolster Global Capability Centres’ (GCCs) operations in India — not just through tax adjustments but also by enhancing their global competitiveness, cost structures, and cash flows, a report said on Sunday. The 56th GST Council meeting has delivered one of the most sweeping tax overhauls since 2017. Earlier,…
Last Updated:September 06, 2025, 19:39 is Nirmala Sitharaman thanked state finance ministers for supporting the GST overhaul, unanimously approved at the GST Council, and promising relief for the common man. Finance Minister Nirmala Sitharaman. Union Finance Minister Nirmala Sitharaman wrote to finance ministers of all states, expressing gratitude for their support and active role in…
New Delhi: The landmark Goods and Services Tax (GST) reforms will strengthen the cooperative sector, make their products competitive, boost demand or their products and enhance income of cooperatives, the government said on Saturday. The Centre has announced wide-ranging reductions in GST across key sectors that directly impact cooperatives, farmers, rural enterprises and benefit more…