Finance Minister Nirmala Sitharaman informed the Rajya Sabha on Tuesday that a reduction in goods and services tax (GST) can be expected. She stated that the GST Council is currently working on streamlining the rate slabs for Goods and Services Tax. Additionally, the finance minister highlighted that there has been a significant decrease in GST … Read more
A panel of state ministers is expected to meet on September 24 and 25 in Goa to review potential changes to Goods and Services Tax (GST) rates, focusing on 70 to 100 items. The Group of Ministers (GoM) will assess feedback received during the 54th GST Council meeting held earlier in September. The panel is … Read more
GST rates: The Goods and Services Tax on health and life insurance premiums has been making headlines for quite some time. According to a report by CNBC-Awaaz on August 8, sources familiar with the matter have suggested that a reduction in the GST rate on the premium paid for health and life insurance might be … Read more
Finance Minister Nirmala Sitharaman is preparing to present the first Budget in the third term of the BJP-led NDA government on July 23, 2024. While different sectors are forwarding and expressing their expectations, most of them are keen on a revision in indirect tax rates to boost consumer spending. Earlier it was reported that the … Read more
The Finance Ministry will conduct the Goods and Services Tax (GST) Council Meeting in New Delhi today (June 22). Union Finance Minister Nirmala Sitharaman will presiding over the meeting. Although the meeting’s agenda is yet unknown, it is expected that the state ministers would table their requests. Saturday’s Council meeting will be held after a … Read more