The government has asked life and non-life insurance companies to ensure that benefits of the goods and services tax (GST) exemption approved earlier this month are fully passed on to both existing and prospective policyholders.
A brewing row between the insurance sector and policymakers over the Goods and Services Tax (GST) shows growing tension.
Diagnostic services for conducting blood tests which assists in early detection of cancer fall out of the periphery of ‘Healthcare services’, Maharashtra’s Authority for Advance Ruling (MAAR) has ruled. This means such a service will not be exempted from GST.
Seeking exemption in GST on 10 agricultural implements used in crop residue management from the Central government, Haryana chief minister (CM) Nayab Singh Saini said the exemption will encourage farmers to adopt these technologies more widely, helping to prevent air pollution caused by the stubble burning.
The State-Central Panel of GST Officials, also known as Fitment Committee has recommended that GST exemption under entry 34 of Notification No. 12/2017-CTR will apply to payment aggregators (PAs) for settlement services involving handling of money, but not for payment gateway (PG) functions.
The Greater Chennai Corporation (GCC) has started discussions pertaining to the exemption for the Councillors’ Ward Development Fund from the Goods and Services Tax during the implementation of civic infrastructure projects in the city.
The Tamil Nadu got on Monday urged the BJP-led Union govt to exempt cooperative products and services from GST.
While certain government-backed health and life insurance schemes are exempt from GST, there is currently no proposal to extend the exemption to all health and life insurance policies, the Minister of State for Finance, Pankaj Chaudhary, said in response to a question raised in the Parliament’s winter session on Monday.
Many services offered by the Kerala State Electricity Board (KSEB) that are “incidental or ancillary” related to electricity distribution and transmission will now be exempt from Goods and Services Tax (GST), according to a KSEB circular.
CBIC issued Notification no. 08/2024-Central Tax (Rate) dated 08.10.2024 Seeking to amend Notification No 12/2017-Central Tax (Rate) dated 28.06.2017
