GST Council Meeting Live Updates: Insurance Tax Issue ...
Dec 21, 2024 · GST Council Meeting Live Updates: GoM On Health, Life Insurance Rate Reduction To Meet In January. The group of ministers (GoM) on health and life insurance rate cut is likely to meet again in January. The GST Council on Saturday deferred the decision to reduce tax on insurance policies for further examination.
Latest GST News, Information, Notifications & Announcements
Mar 24, 2017 · GST news and updates must be tracked by every business for ensuring timely and 100% compliance. Read on to get the latest developments from CBIC, GST Council and GST Network/portal on GST returns and compliances, e-way bills and e-invoicing systems.
55th GST Council Meeting Today: What Will Be Cheaper ... - News18
Dec 21, 2024 · The Group of Ministers (GoM) on GST rate rationalisation has proposed significant hikes on luxury and sin goods: Luxury wristwatches priced above ₹25,000: GST to increase from 18% to 28%. Premium footwear priced above ₹15,000 per pair: GST to rise from 18% to 28%. Ready-made garments: Up to ₹1,500: GST at 5%. ₹1,500 to ₹10,000: GST at ...
GST rates poised to rise by up to 35% — what are the ...
Dec 6, 2024 · Currently, GST operates under a framework with tax rates of 5%, 12%, 18%, and 28%. The introduction of a 35% tax slab would increase the number of tax categories, potentially creating confusion for businesses and tax administrators.
Goods and Services Tax India, GST News, Articles, Notification
2 days ago · The 55th GST Council Meeting introduced changes in GST rates, compliance mechanisms, and exemptions for businesses, including new definitions and tax amendments.
GST: What is GST? GST News, GST Rates, GST latest updates
Mar 19, 2012 · GST: Find out the latest GST news & updates on The Economic Times. Get more information on GST Impact on SME and MSME sector, GST Council Meeting, GST Slabs, benefits of GST, GST returns Filing & more. Everything you …
Big GST relief in budget 2024: No need to pay interest and ...
Jul 24, 2024 · Budget 2024 has provided some relief to individuals and companies registered under (Goods and Services Tax) GST. This relief comes in the form of a conditional scheme that allows for the waiver of interest and penalty for specified non-fraudulent GST demand notices for the financial years 2017-18 to 2019-20.
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