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Joy Pillai September 4, 2025 12:20 AM IST
Individual life and health insurance policies will be fully exempt from GST slab, informed FM Nirmala Sitharaman after chairing GST council meeting on Wednesday.
Joy Pillai September 3, 2025 10:34 PM IST
Union Finance Minister Sitharaman on Wednesday announced new GST rates which will be implemented from September 22. The new rates will ease taxes on essentials, auto parts, and insurance, and levy 40% on select products.
Victor Dasgupta September 3, 2025 8:52 AM IST
Under this change, several essential items such as ghee, butter, toothpaste, shampoo, cheese, and milk powder, which are currently taxed at 12 percent and 18 percent, may be brought down to the 5 percent slab.
Victor Dasgupta August 26, 2025 1:10 PM IST
The GST Council is chaired by Union Finance Minister Nirmala Sitharaman. Members from all states are also part of it. The Council is scheduled to meet on September 3 and 4.
Anirudha Yerunkar August 22, 2025 11:45 PM IST
Currently, GST is a 4-tier structure of 5, 12, 18 and 28 per cent which is likely to reduce up to 2 rates.
Anirudha Yerunkar August 21, 2025 4:19 PM IST
The final decision on these recommendations will be taken by the GST Council in its next meeting scheduled in September.
Joy Pillai December 22, 2024 3:40 PM IST
Here are the things that are getting cheaper and costlier after the GST Council meeting:
Vikas Mehta December 20, 2024 5:22 PM IST
During the GST Council meeting, the states may discuss lowering the GST on health insurance premiums. The states will also discuss whether to increase GST on luxurious wrist watches, shoes and clothes. The government is likely to introduce a separate tax slab of 35% on tobacco products.
Vikas Mehta December 4, 2024 8:10 PM IST
To a query on how the government will ensure that insurance companies pass on the benefits of any GST reduction to consumers, rather than retaining them through increased premiums, Sitharaman said competitive pricing would bring down the cost of insurance.
India.com News Desk September 10, 2024 12:35 AM IST
Finance Minister Nirmala Sitharaman, who heads the GST Council, informed that the Group of Ministers (GoM) will be helmed by Bihar Deputy Chief Minister Samrat Choudhary, adding that new members will soon join the group to look into GST on health insurance and life insurance.
Anirudha Yerunkar September 9, 2024 10:35 AM IST
According to a media report, the GST Council may take major decisions on rate related to Health Insurance.
IANS June 22, 2024 11:20 PM IST
The GST Council will meet again after the Budget Session of Parliament is over to take up these issues. The meeting is likely to be held in mid-August, she added.
Abhijeet Sen June 22, 2024 7:17 PM IST
The 53rd GST Council has decided that the services provided by railways like battery operated vehicles, intra-railway services being exempt from GST.
India.com Business Desk June 22, 2024 9:15 PM IST
Railway linked charges like platform ticket purchases, waiting room fees, cloak room costs, alongside services such as battery-driven transportation and inside-railway facilities will now be GST-exempt too.
India.com Business Desk June 22, 2024 8:50 PM IST
"The intention of the GST was to have petrol and diesel in GST," Sitharaman said.
Tahir Qureshi June 22, 2024 8:21 PM IST
Nirmala Sitharaman informed that the Council has exempted services by way of hostel accommodation outside educational institutions.
Gazi Abbas Shahid October 7, 2023 6:55 PM IST
The GST Council has also decided to levy a lower 5 percent tax on millet-based flour when sold in pre-packaged and labelled form, Finance Minister Nirmala Sitharaman said.
Ananya Srivastava October 7, 2023 12:27 PM IST
New Delhi: Goods and Services Tax (GST) Council has decided to slash GST on millet flour food preparations from the current 18% GST to 5%: Sources to ANI
Analiza Pathak October 7, 2023 11:30 AM IST
The GST Council approves to exempt the extra neutral alcohol (ENA) (both grain-based and molasses-based ENA) from GST when supplied for the manufacture of alcoholic liquors.
Analiza Pathak October 7, 2023 8:19 AM IST
The Council is also likely to discuss exempting distilled alcohol used to manufacture liquor from the indirect tax. High distilled or extra neutral alcohol contains 95% alcohol by volume and is used for producing liquor and for industrial purposes.
Victor Dasgupta August 2, 2023 7:55 PM IST
28% tax on online gaming to become effective from October 1, says Finance Minister Nirmala Sitharaman after GST Council meeting on Wednesday.
Sankunni K July 12, 2023 5:40 PM IST
Shares of digital gaming and esports company Nazara Technologies dropped by over 14 per cent today and Delta Corp's shares fell by a whopping 28 per cent today.
India.com Business Desk July 12, 2023 4:03 AM IST
In a major setback to the online gaming industry, 28% GST rate has been placed on the whole value of gambling, horse racing, and casinos.
India.com Business Desk July 12, 2023 8:43 AM IST
The main highlight of the GST Council meeting is the 28 per cent tax imposed on the full value of online gaming which is likely a setback for Indian online gamers
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