A key meeting of the Group of Ministers (GoM) on GST rate rationalisation on Thursday ended with state finance minister accepting the Centre’s plan to reduce the number of tax slabs.

A crucial meeting of the GoM of state finance ministers on GST rate rationalisation began on Thursday as they started deliberation on the Centre's proposal to reduce tax slabs to 5 and 18 per cent.

The proposal was put forward by the GST Group of Ministers (GoM) on insurance, which recommended that the exemption would make coverage more affordable and boost penetration in India’s market.

Six days ago, Prime Minister Narendra Modi, in his Independence Day address, announced the next big phase of reforms under the GST regime by Diwali, a gift for the common man, small entrepreneurs and ...

CHANDIGARH: The AAP-led Punjab government on Thursday slammed the BJP-led Centre after the two-day GST GoM meeting, demanding immediate release of pending Rs 50 ...

There is a fine line between political populism and fiscal prudence, if not in tax collections, then in the idea of taxation itself ...

The GoM of state finance ministers has endorsed the Centre's proposal for a two-tier GST structure, recommending it to the GST Council amid concerns over revenue loss and compensation ...

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

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GoM backs GST 2.0, cutting slabs to 5% and 18%, promising tax relief for households, farmers, MSMEs and businesses. | One of ...

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 ...

GoM approves two-slab GST structure at 5% and 18%, simplifying tax regime under Nirmala Sitharaman's leadership for household savings and business ease.