According to the government, nearly ₹24,000 crore has been collected as GST from the health and life insurance segment in the last three years.(MINT_PRINT) The rate of goods and service tax (GST) paid ...
Automobile and FMCG sectors anticipate growth as GST 2.0 reforms stabilize demand and boost sales in upcoming months.
GST exemption significantly boosts health insurance coverage, increasing the average sum insured by 31%, according to a ...
The central government’s revenue loss from the recent GST rate cuts is projected to be only around Rs 3,700 crore in FY26, cushioned by stronger consumption and higher tax collections, according to a ...
The report notes that demand sustained post festive season, which led to reduction in inventory days to 44 to 46 days at the ...
The State Bank of India (SBI), in its latest research report, said that reforms in GST through a reduction in rates will cause a minimal revenue loss of Rs 3,700 crore. The government estimates the ...
Insurance analysts reason that individual life and health insurance premiums are exempt from paying GST, so insurers cannot ...
The 54th meeting of the Goods and Services Tax (GST) Council, under the leadership of FM Nirmala Sitharaman, is all set to begin on Monday. The council this time will discuss several issues that could ...
The report recommends pegging the peak indirect tax rate, including cesses to 18 per cent The long lasting success of Goods and Services Tax (GST) lies in moving towards a single nationwide tax rate, ...
Gross GST collections rose by 9.1 per cent to about Rs 1.84 lakh crore in February, boosted by domestic consumption and indicating potential economic revival. Illustration: Dominic Xavier/Rediff.com ...