Netizens welcomed the major overhaul of the GST tax regime, which the Union government referred to as a ‘Diwali gift’ and said was a “very badly needed reform”. However, several …
GST Council
-
-
India NewsPolitics
Govt scraps GST on life, health insurance in move to boost adoption
by AutoTrendlyby AutoTrendlyThe GST Council on Wednesday decided to exempt life and health insurance premiums for individuals from Goods and Services Tax (GST). Until now, policyholders were paying an 18% GST on …
-
India NewsPolitics
What’s on the GST Council table: Health insurance, car taxes, two-slab system
by AutoTrendlyby AutoTrendlyThe federal GST Council begins a two-day meeting today to chart the biggest overhaul of the indirect tax regime since its debut seven years ago, aiming to spark a consumption-led …
-
India NewsPolitics
Eight states want GST rate cuts to be linked to revenue guarantee
by AutoTrendlyby AutoTrendlyNew Delhi: The proposed Goods and Services Tax (GST) restructure will lead to substantial revenue loss for states, leading to reduced welfare and development spending, ministers and representatives from eight …
-
India NewsPolitics
FM Sitharaman to brief GST panels on rate rejig, cess phase-out starting Wednesday
by AutoTrendlyby AutoTrendlyAs the Centre pushes ahead with its next wave of tax reforms, finance minister Nirmala Sitharaman will brief the Goods and Services Tax (GST) Council’s groups of ministers (GoMs) in …
-
India NewsPolitics
Arvind Shrivastava takes charge as revenue secretary
by AutoTrendlyby AutoTrendlyNew Delhi: Senior bureaucrat Arvind Shrivastava on Thursday took charge as revenue secretary to the central government, according to an official statement. Shrivastava’s appointment was cleared by the Appointments Committee …