Full exemption for all health insurance premiums and reinsurance or a reduction in the GST rate from 18% to 5% on health insurance services is likely. Illustration: Uttam Ghosh/Rediff.com ......
The Supreme Court on Thursday summoned the chief secretaries and finance secretaries of 16 states for non-compliance with the Second National Judicial Pay Commission recommendations on the payment......
In a significant development, the Supreme Court Friday recalled its April 10 verdict by which it had held that duty free shops at arrival and departure terminals at international airports are......
Congress MP Shashi Tharoor on Thursday alleged that "blatant subversion of the constitutional separation of powers" was taking place through the bill to replace the Delhi services ordinance and......
Will Annamalai's attacks on the DMK revert the anti-BJP feeling in Tamil Nadu, asks N Sathiya Moorthy. IMAGE: Kuppasawmy Annamalai, president of the Bharatiya Janata Dal's Tamil Nadu unit,......
Term life insurance policies, and senior citizens' health insurance premium are likely to be exempted from GST as most members of a state ministerial panel favoured cutting taxes to benefit the......
The Group of Ministers (GoM) on goods and services tax (GST) rate rationalisation, which convened in Goa on Wednesday, reviewed the GST rates for over 100 items, including textiles, handloom goods,......
Finance Minister Nirmala Sitharaman on Monday said that GST collection from online gaming has increased 412 per cent in six months from October 1, 2023, when 28 per cent tax was levied on these......
'Tax officials view most taxpayers as evaders.''The I-T department has a perverse incentive to raise unreasonable demands since the one-fifth tax collected counts towards officials' collection......
Of the two rate structures on the table, one suggests tax slabs of 8 per cent, 16 per cent, and 24 per cent.The other proposes tax slabs at 9 per cent, 18 per cent, and 27 per cent. Illustration:......
As per ICC norm, the host nation is required to get tax exemption from the government for hosting tournaments organised by the global body. Since India's tax rules don't allow such exemptions,......