devdiscourse13h
GST Exemption on Penal Charges and Small Transactions
GST will not be applied on penal charges levied by banks and NBFCs, as clarified by the CBIC. The exemption extends to ...
A full GST exemption on life insurance premiums could mean more expensive premiums for policyholders. Here’s why?
At present, a high GST rate of around 18% on life and health insurance premiums makes plans too costly, which leads to many ...
Tax Guru17h
GST Clarifications on Penal Charges, Exemptions & GST on certain Services
2. Applicability of GST on penal charges being levied by the Regulated Entities (REs) in view of RBI instructions dated 18.08 ...
No GST on penal charges levied by banks, NBFCs: CBIC
GST will not be charged on penal charges levied by banks and NBFCs, as clarified by the CBIC. This exemption is due to such ...
CBIC Confirms No GST Applicability on Penal Charges Imposed by Banks and NBFCs
The CBIC confirms that GST is not applicable on penal charges by banks and NBFCs, clarifying the tax implications for ...
money.rediff13h
No GST on Bank, NBFC Penal Charges: CBIC
The Central Board of Indirect Taxes and Customs (CBIC) has clarified that GST will not be applicable on penal charges levied ...
Budget 2025: Exempt GST, taxes on term, health insurance premiums - SBI's key suggestions
In its report, Prelude to Union Budget 2025-26, the SBI recommended that the government should assess the possibility of ...
Deccan Chronicle12h
AIOS Urges Finance Minister to Reinstate Tax Exemptions on Eye Care Equipment
Hyderabad:The All-India Ophthalmological Society (AIOS), representing over 28,000 ophthalmologists, has petitioned Union ...
Pitch Report: Insurers want Budget 2025 to deliver lower GST, higher exemptions
Analysts have also said that raising the FDI cap on the sector will help boost margins and encourage new listings.
Life insurance companies challenge GST exemption for term policies
Life insurance companies are petitioning to avoid the exemption of term insurance policies from the GST levy. They argue that ...
Pharmabiz1d
FOPE expects rationalization of GST rates for pharma in Union Budget 2025
FOPE expects rationalization of GST rates for pharma in Union Budget 2025: Nandita Vijayasimha, Bengaluru Tuesday, January 28, 2025, 08:00 Hrs [IST] The Federation of Pharma Entre ...