1 / 17 The US dollar strengthened on Tuesday after stronger-than-expected November retail sales showed economic growth, driven by motor vehicle and online purchases, ahead of central bank rate decisions. 2 / 17 Nvidia shares dropped on Tuesday, while Broadcom edged lower after early gains. Year-to-date, Nvidia is up over 160%, and Broadcom has gained […]
GST Council meet: Proposal for exemption of GST on life and health insurance deferred – CNBC TV18
The Goods and Services Tax (GST) Council on Monday (September 9) deferred the proposal to exempt life and health insurance from GST. Sources informed CNBC-TV18 that this matter will be revisited in the next meeting, with more data and analysis expected. The proposal has been handed over to the Group of Ministers (GoM) on rate […]
Council could heed to Gadkari’s call to exempt life insurance from GST; ₹200 crore revenue loss likely – CNBC TV18
In a significant development, the Goods and Services Tax (GST) Council is likely to exempt life insurance from GST during its upcoming meeting on September 9. The move, which has garnered widespread support, could lead to a revenue loss of ₹200 crore annually, according to a senior government official. “The government has been receiving representations from various […]
Nitin Gadkari writes to Finance Minister to remove GST on life and medical insurance – CNBC TV18
Road and Transport Minister Nitin Gadkari has written to Finance Minister Nirmala Sitharaman, urging her to consider removing the Goods and Services Tax (GST) on life and medical insurance. This letter followed suggestions from the Nagpur Divisional Life Insurance Corporation Employees Union regarding the life and general insurance sectors. According to Gadkari, GST on life […]