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.

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

GoM supports Centre's proposal to simplify GST slabs, but opposition states seek clarity on revenue loss and compensation measures.

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

A key meeting of the Group of Ministers (GoM) on GST rate rationalisation on Thursday ended with state finance minister ...

GST exemption for insurance under review The GoM also considered exempting individual health and life insurance from GST. If ...

The additional cost from input credit reversal will likely be factored into the pricing of insurance policies, offsetting a large part of the intended relief for customers, they say ...

Indian benchmark indices Sensex and Nifty advanced on Thursday, extending their rally to a sixth straight session as optimism ...

after a panel of state ministers recommended GST exemptions on individual health and life insurance premiums to stimulate ...

Indian equity markets extended their winning streak for the sixth straight session on Thursday, August 21, with the Sensex reclaiming the 82,000 mark. The uptrend was largely driven by Large-Cap ...

after a state ministers’ panel proposed GST exemptions on individual health and life insurance premiums to spur demand. The panel also endorsed a new two-slab GST structure, pending approval from the ...