The Uttar Pradesh Authority for Advance Rulings (AAR) held that the transfer of leasehold rights against a lump sum premium qualifies as a service and attracts 18% GST. The Jharkhand AAR echoed a ...

This reduction rather than a complete waiver in GST on gross insurance premium will be beneficial for both policyholders as well as the insurance industry. A complete GST exemption would see input tax ...

GST on restaurant services, other than those located at specified premises, is leviable at 5% without input tax credit whether provided through Electronic Commerce Operators (ECOs) like Zomato, Swingy ...

Government standardizes GST at 18% for all used vehicle transactions, impacting organized industry players' finances and ...

The Goods and Services Tax (GST) Council may settle for a reduction in the tax rates on health & life insurance, instead of a full waiver. The GST, which now applies at 18% on gross premiums ...

New Delhi: The Gross Goods and Services Tax (GST) collections for March 2025 stayed at Rs 19,56,034 crore (Rs 1.96 lakh crore ...

The GST Council has asked the Insurance Regulatory and Development Authority of India (IRDAI) to provide recommendations on the matter. IRDAI is expected to present the insurance sector's views to ...