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Searched Tag: gst council
Union Minister of Road Transport and Highways, Nitin Gadkari (L), Finance Minister Nirmala Sitharaman (R).

Gadkari urges Sitharaman to scrap GST on insurance premiums

July 31, 2024, 02:28 PM - 2 min read

In his letter to the Finance Minister, Gadkari expressed the concerns of the Nagpur Division Life Insurance Corporation Employees Union. The union had submitted a memorandum highlighting the issues faced by the insurance industry.

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Gross Goods and Services Tax (GST) collections in June rose 7.7 percent year-on-year to Rs 1.74 lakh crore, marking the slowest rate of growth in three years, according to sources.

GST collection rises 7.7% to Rs 1.74 lakh crore in June

July 2, 2024, 12:53 PM - 2 min read

In a series of posts on social media platform X, the Finance Ministry highlighted the benefits of the GST regime on its seventh anniversary. "With reduced tax rates on household goods after GST implementation, #7yearsofGST has brought happiness and relief to every home through lower GST on household appliances and mobile phones," the Ministry stated.

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Govt enforces pan-India biometric authentication to prevent GST fraud

Govt enforces biometric system to tackle GST fraud

June 24, 2024, 11:13 AM - 2 min read

The GST Council at its 53rd meeting decided to roll out pan-India Aadhaar-based biometric authentication to check fake invoicing used to fraudulently claim input tax credit (ITC) by unscrupulous elements, Finance Minister Nirmala Sitharaman said.

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