NEW DELHI: The GST regime significantly impacts various sectors, including the used car market. Recent decisions by the GST Council on taxing used car resale spark intense debate among dealers, economists, and policy experts. Many question whether the policy is fair or if the government has overlooked critical industry nuances. GST treatment for used […]
The GoM (Group of Ministers) made the decision to exempt term life insurance premiums and health insurance premiums up to Rs 5 lakh in coverage due to the rationalization of GST rates.
In the 48th meeting of the GST Council, which was presided over by Union Finance Minister Nirmala Sitharaman, there have been no tax increases on any items.