GST relief

‘GST will come down even further’: Nirmala Sitharaman hints at big tax relief ahead

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‘GST will come down even further’: Nirmala Sitharaman hints at big tax relief ahead

Finance Minister Nirmala Sitharaman has said that GST rates will come down further, with the process of rationalising tax slabs nearing completion. Speaking at The Economic Times Awards, she stated that the Revenue Neutral Rate (RNR) had already dropped from 15.8% in 2017 to 11.4% in 2023 and hinted at further reductions. “It will come … Read more

Health insurance: Do senior citizens have enough health cover options? Here’s what the govt said

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Health insurance: Do senior citizens have enough health cover options? Here’s what the govt said

The decision to reduce tax rates on life and health insurance premiums was postponed by the GST Council during their 55th meeting on Saturday. Officials stated that additional technical details needed to be addressed, and therefore, the Group of Ministers (GoM) was assigned the task of further discussions. Bihar Deputy Chief Minister Samrat Chaudhary emphasized … Read more