18% GST On Transactions Up To Rs 2,000: Payment Aggregators Rue Lack Of Clarity, Merchants Concerned | Economy News

The Goods and Services Tax (GST) Council is considering a proposal to impose an 18% GST on payment aggregators (PAs) for processing small digital transactions up to Rs 2,000 via debit and credit cards. This proposal is expected to be discussed at the Council’s meeting on September 9, according to a CNBC-TV18 report. As per […]

ABHISEK RAJPUT

September 9, 2024

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Will GST On Health, Life Insurance Premiums Be Reduced? GST Council To Finalise Tax Cuts In November, Sets Up GoM | Economy News

New Delhi: The GST Council on Monday reached a broad consensus on reducing taxes on health and life insurance premiums, and a final decision on this would be taken in the November meeting. The Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, exempted from GST grants or funds received for R&D […]

ABHISEK RAJPUT

September 10, 2024

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What Has Become Cheaper And What Has Become Expensive After GST Council Meeting? Check | Economy News

New Delhi: The 54th meeting of the GST Council took some major decisions on reducing taxes on certain essential items, while taxes on a couple of items has been hiked. The GST Council, comprising the Union Finance Minister and representatives from all States and Union Territories, was established in 2017, to make decisions on various […]

ABHISEK RAJPUT

September 10, 2024

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GST Council Forms GoM To Review Tax Rate On Health, Life Insurance; Report By Oct 30 | Economy News

New Delhi: The GST Council on Sunday constituted a 13-member Group of Ministers (GoM) to suggest GST rate on premiums of various health and life insurance products and submit its report by October 30. Bihar Deputy Chief Minister Samrat Choudhary is the convenor of the GoM. The members of the panel include members from Uttar […]

ABHISEK RAJPUT

September 15, 2024

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