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Exemption Of Service Tax

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Is Health Insurance Tax Relief Coming?

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  ......

SC summons CS, fin secretaries of 16 states over pay report non-compliance

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......

SC recalls its verdict on indirect taxes from duty free shops at airports

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......

Delhi services bill: Tharoor says coercive federalism exists; Lekhi hits back

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 'DMK Files' Help BJP?

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,......

GST rates on host of goods rejigged

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......

Consensus eludes GoM on GST rate rationalisation, over 100 items discussed

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,......

28% GST on online gaming spiked revenue by 412%: Sitharaman

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......

Make Tax Officials Accountable!

'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......

GST To See Two Slab Rate Structure?

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:......

BCCI likely to run losses if ICC doesn't get tax break from GOI

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,......

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