GoM on GST - Wander City

GST reform push: Centre proposes GST exemption on life and health insurance; GoM to submit report by October – Times of India

alishpagda08@gmail.com2 weeks ago02 mins

The Centre has proposed exempting individual life and health insurance policies from GST, Bihar Deputy Chief Minister and convenor of the Group of Ministers (GoM) on insurance Samrat Choudhary said on Wednesday. At present, insurance premiums attract 18% GST.“The Centre’s proposal is clear that the individual insurance policies should be exempt from GST. This has…

Group of ministers on GST to meet next week – Times of India

alishpagda08@gmail.com2 weeks ago01 mins

NEW DELHI: Amid discussions for reduction of GST for many products, a group of ministers from states, headed by Bihar deputy CM Samrat Chaudhary, will meet next week. Several members of GoM, especially those from the Opposition, had suggested maintaining status quo on slabs and rates, citing possible adverse impact on revenue, but govt has…