Experts analyze the impact of proposed GST exemption on health & life insurance policies, focusing on term & health plans.

India’s GST rates are on a downward path. From 15.3 percent in 2017 to a projected 9.5 percent by FY27, once the ongoing ...

Since its launch in 2017, GST has achieved much of its intended purpose—simplifying compliance, reducing the cascading effect of taxes, and creating a unified national market.

Monetary policy committee member Saugata Bhattacharya said the proposed GST revamp will likely lower prices initially, but ...

Insurers presently avail input tax credit on significant backend costs such as insurance commission, re-insurance, technology ...

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

Tax experts praise Centre's two-tier GST rate proposal for simplifying system, boosting consumption, but caution on critical issues.

Experts said the move to exempt GST on health and life insurance premiums would provide significant relief to households.

A Group of Ministers has proposed a full exemption of 18% GST on life and health insurance premiums for individuals in India. While this could lower costs for policyholders, insurers' loss of input ...

The Delhi High Court ruled that Xilinx India Technology Services Pvt. Ltd. is entitled to interest on its delayed GST refund under Section 56 of the CGST Act affirming that interest is automatically ...

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 ...