GST in Media

GST Council may waive 18% tax on senior citizens’ insurance plans in Dec

The GST Council is expected to discuss potential tax relief on select insurance plans at its upcoming meeting in Rajasthan on December 21–22, according to a report by The Times of India. The Council may consider eliminating the 18 per cent goods and services tax (GST) on term insurance plans and health insurance policies, particularly for senior citizens and coverage plans up to Rs 5 lakh

GST in Media

55th GST Council meeting: Know date and venue and key agendas

55th GST Council meeting: Union Finance Minister Nirmala Sitharaman is scheduled to meet with state finance ministers on December 21 and 22 for pre-budget discussions and the 55th GST Council meeting. The two-day summit will be held in Rajasthan, most likely in Jaisalmer or Jodhpur, according to the official. The gathering will discuss numerous critical topics before to the 2025-26 Budget release on February 1, 2025.