Union Finance Minister Nirmala Sitharaman on Monday said the cost of insurance to the policy holder is expected to come down if the GST Council recommends a reduction in GST rate on health and life insurance policies.
In a post on social media platform X, the Council said, “The 54th Meeting of GST Council will be held on 9th September, 2024 at New Delhi.”
Waiver is applicable for demand notices issued under Section 73 of the CGST Act for the fiscal years 2017-18, 2018-19 and 2019-20, in cases where the taxpayer pays the full amount of tax demanded in the notice upto 31.03.2025, the Council said.
Food preparations in powder form containing at least 70 per cent millets will not have to pay any GST, Finance Minister Nirmala Sitharaman said.
Law Committee will examine suitable amendment in law to exclude ENA for use in manufacture of alcoholic liquors for human consumption from ambit of GST.
GST council is likely to give clarity on whether tax collected at source (TCS) should be deducted by the buyer or the e-commerce platform
It will be the 50th meeting of the Council. Union Finance Minister Nirmala Sitharaman, who heads the Council, will chair the meeting.
Union Finance Minister Nirmala Sitharaman on Monday said the Goods and Services Tax (GST) Council will have to take a…
After chairing the 49th meeting of the GST Council here, the Union finance minister said the pending balance of the GST compensation to the tune of Rs 16,982 crore for June 2022 will be cleared.
The 49th GST Council meeting is likely to take up issues relating to taxation on 'pan masala' and 'gutka' companies
