The proposal was put forward by the GST Group of Ministers (GoM) on insurance, which recommended that the exemption would ...

A proposal has been made to exempt premiums for life and health insurance from Goods and Services Tax (GST), a move that could bring down costs and boost insurance penetration.

Lower prices during the festive season will likely encourage more people to buy vehicles. This move is expected to increase demand across the auto sector, including two-wheelers, small cars, and ...

GoMs discuss Centre's 'next-gen' GST reforms, including 5% and 18% rates, with special 40% rate on select items.

States reportedly made it clear that the benefits of GST reduction should go to insurance policyholders and not companies.

India adopted the GST in 2017, sweeping in more than a dozen domestic state taxes in a bid to unify the economy on the ...

Beyond GST, Gupta pointed to additional expenses: fuel, tolls, and state road taxes that range from 5% to 21%. If states ...

Finance Minister Nirmala Sitharaman proposed GST reforms to the Group of Ministers, aiming to exempt individual health and ...

Why it matters: Simplifying GST could ease compliance for millions of businesses, boost disposable incomes, and stimulate ...

The report suggests that if the GST rate for smaller cars is reduced from the current 28% to 18%, consumers may see a price ...

The Government of India is reportedly considering GST (Goods and Services Taxes) reforms by slashing taxes on the purchase of ...

IGX, once envisioned as a platform to bring transparency, liquidity, and confidence to India’s gas trading ecosystem, now finds itself at a crucial crossroads. While the exchange has recorded a strong ...