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 21, 2024 | Eco/Invest/Demography, Health, Indian News, Life, Policy
No decision was taken with regard to reduction in GST on insurance premiums as the GoM needed more time to study the issue. Many inputs are awaited including the one from insurance regulator IRDAI, Finance minister Nirmala Sitharaman “It was felt any decision on...
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 | Eco/Invest/Demography, Health, Indian News, Policy
“The GoM has agreed to propose a special rate of 35 per cent on tobacco and related products and aerated beverages. The four-tier tax slab of 5, 12, 18, and 28 per cent will continue and a new rate of 35 per cent is proposed by the GoM,” said the official...
