by AIP Online Bureau | Dec 21, 2024 | Eco/Invest/Demography, Indian News, Policy, Technology
“The system shall be based on a Unique Identification Marking which shall be affixed on the said goods or the packages thereof. This will provide a legal framework for developing such a system and will help in implementation of mechanism for tracing specified...
by AIP Online Bureau | Dec 21, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy
The GoM in January 2019 decided to approve the levy of 1 per cent ‘calamity cess’ by Kerala for a period of two years to fund rehabilitation work in the state hit by floods. The goods and services that faced the 1 per cent cess were decided by Kerala...
by AIP Online Bureau | Dec 20, 2024 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Policy
A final decision of the insurance taxation under GST is likely on Saturday as most states are in favour of lowering taxes on premium. New Delhi: The GST Council, in its meeting on Saturday, is likely to decide on reducing tax rates on life and health insurance...
by AIP Online Bureau | Dec 2, 2024 | Health, Indian News, Life, Policy, Regulation
Nirmala Sitharaman, Finance Minister “…The matter of review of GST rates on life and health insurance is pending before the GoM. If a recommendation for a reduction in GST rate is made by the GST Council, the cost of insurance to the policy holder is expected to...
by AIP Online Bureau | Nov 18, 2024 | Eco/Invest/Demography, Health, Indian News, Policy
The group of ministers (GoM) on health and life insurance GST last month met and broadly agreed on exempting insurance premiums paid for term life insurance policies, and senior citizens’ health insurance from GST New Delhi: The GST Council will meet on December...
