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Government may scrap GST on health, life insurance under GST 2.0 reformsThe GST Council is considering exempting health and life insurance premiums for individuals, potentially leading to significant relief for ...- New GST reforms to provide greater relief to the common man, farmers, middle class, MSMEs: Sitharaman during GoM meetNirmala Sitharaman presented GST reforms to GoMs. The plan includes slashing tax rates and easing compliance. Tax rates will be at 5 and 18...
- Min panel may propose 5% GST with ITC benefit on term plansA ministerial panel is considering a 5% GST with input tax credit on term insurance plans. The panel, headed by Bihar deputy chief minister...
- GIC among other life insurance stocks crack up to 8% as GST Council defers insurance tax cut decisionShares of life insurance companies like GIC, Star Health, and New India Assurance fell up to 8.4% after the GST Council delayed a decision ...
- GST Council defers decision on insurance tax cuts amid lack of consensus among statesThe GST Council postponed a decision on lowering GST rates for life and health insurance premiums during its 55th meeting. The Group of Min...
- Cost of health, life insurance to come down if GST Council decides to reduce taxes on premium: FMFinance Minister Nirmala Sitharaman stated that insurance costs may decrease if the GST Council suggests lowering GST rates on health and l...
- GoM report on GST on health insurance to be placed before Council when received: Finance MinistryParliament was informed on Monday that the recommendations of the Group of Ministers (GoM), which is examining issues related to GST on lif...
- GST Council to hold 55th meet on December 21 in Jaisalmer, RajasthanUnion Finance Minister Nirmala Sitharaman will meet her state counterparts on December 21 in Jaisalmer, Rajasthan, for the 55th GST Council...
- Budget 2025: Nirmala Sitharaman to meet state FMs for pre-Budget, GST Council meet on Dec 21-22Finance Minister Nirmala Sitharaman is set to meet with state counterparts on December 21-22 for pre-budget discussions and a GST Council m...
- GST reduction will make insurance little affordable for customers, says Department of Finance Joint SecyThe Department of Finance's Joint Secretary stated that a reduction in Goods and Services Tax (GST) could make insurance more affordable fo...
- GST on term life insurance premium, senior citizen's health coverage likely to be exemptThe Group of Ministers (GoM) is likely to recommend exempting Goods and Services Tax (GST) on term life insurance premiums and health insur...
- Panels on GST rate rationalisation, cutting tax on insurance premium to meet on SaturdayThe GST Council's ministerial panels will meet on October 19 to discuss reducing the 18 per cent GST on health and life insurance premiums....
- Health, life insurance premiums need a tax cut? GoM to meet on October 19A ministerial panel will meet on October 19 to discuss reducing GST on health and life insurance premiums, currently at 18 per cent. The 13...
- GST Council forms GoM to review tax rate on health, life insurance; report by Oct 30The GST Council has formed a 13-member Group of Ministers to recommend GST rates on health and life insurance premiums. Bihar Deputy Chief ...
- GoM report on appellate tribunals, decriminalising of GST law top agenda of 48th GST Council meetThe Group of Minister's (GoM) report on setting up appellate tribunals to hear disputes, and decriminalisation of GST law will be the key a...
- GoM for 49% insurance FDIThe much-deliberated proposal to raise foreign direct investment (FDI) cap in insurance to 49% from the existing 26% has obtained green sig...
- Stronger role for IRDA, revised capital norms for insurers likely
- Key insurance changes on anvilThe government may delete the provision relating to involvement of employee surveyors for settling claims.
- GoM on insurance likely to meet in couple of daysThe Group of Ministers on insurance is likely to meet in a couple of days to take up the long-pending issue of raising FDI cap in the secto...
- GoM to discuss hike in insurance FDI cap to 49%The group of ministers (GoM) on insurance might consider approving the foreign direct investment ceiling for the sector from 26% to 49%. So...
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