GST two-tier regime 2025 introduces simplified tax rates of 5% and 18%, exempting insurance premiums and boosting affordability of essential goods. Learn impact on electronics, automobiles, and economy. GST Council Introduces Two-Tier Regime from September 22: Key Reforms Unveiled Introduction to the New GST Structure In a significant move, the Goods and Services Tax (GST)…
55th GST Council Meeting – Key Highlights and Proposals Introduction: The 55th GST Council MeetingThe 55th meeting of the Goods and Services Tax (GST) Council, held on 18th December 2024, brought forth significant proposals that will have a direct impact on India’s economy and tax system. The meeting focused on key reforms aimed at simplifying…
GST Council Forms GoM to Review Tax Rate on Health & Life Insurance In a significant move, the GST Council has constituted a Group of Ministers (GoM) to assess the tax rates imposed on health and life insurance. This action comes in light of ongoing discussions to make insurance products more affordable for the general…
GST Council Clears Measures to Boost Foreign Trade The Goods and Services Tax (GST) Council recently announced a series of measures aimed at boosting foreign trade and facilitating the ease of doing business in India. These decisions come at a crucial time when the global economy is undergoing significant changes due to the ongoing pandemic….
GST Council Sticks to its Plan to Collect 28% Tax on Online Gaming The Goods and Services Tax (GST) Council’s decision to levy a 28% tax on online gaming has been a topic of significant discussion and debate. This move is aimed at bringing the burgeoning online gaming industry under the tax net and generating…
