Further, at the 53rd GST Council meeting, the government proposed inserting a new section to the CGST Act that would allow it to potentially withdraw retrospective show cause notices. Regardless ...

Union Finance Minister Nirmala Sitharaman announced a pan-India rollout of a biometric authentication system at the 53rd GST Council meeting on Saturday. The Goods and Services Tax (GST ...

The GST Council has recommended that all past transactions be 'regularised on as is where is basis'. With no guidance as to ...

#cancer #gst #tax ’ The 54th GST Council meeting reached a “broad consensus” to bring relief to individuals and senior citizens with a decision on the GST applied to health insurance premiums.

The 54th GST Council meeting on September 9 decided to set up a GoM to examine and review the present tax structure of GST on life and medical insurance. A final call by the Council on the taxation of ...

Summary: Under GST, the taxability of leasing residential and commercial properties varies based on the recipient’s registration status. Before 18th July 2022, renting residential dwellings for ...

The decision to establish the GoM was made during the 54th GST Council meeting on September 9, with the aim of examining and reviewing the current GST structure on life and medical insurance.

Amidst the trend of decisions being taken in GST Council meetings, taxpayers have been staying hopeful and are banking heavily on the Council to alleviate hardships being faced by them.

As the 54th GST Council Meeting last week formed a Group of Ministers (GoM) to decide the future of the GST compensation cess, data show that the tax component contributes substantially to the ...

"We would like to thank our Honourable Minister of Finance and MLA Vanathi Srinivasan for organising the GST meeting for the trade bodies and organisations to present their views," Annapoorna’s ...

GST Council Meeting 2024: The GST Council on Sunday constituted a 13-member Group of Ministers (GoM) to suggest GST rates on premiums of various health and life insurance products and submit its ...