The Council did not agree on bringing Aviation Turbine Fuel (ATF) into the Goods and Services Tax fold, Sitharaman said.

Hindustan Times

New Delhi

Delhi

India

GST council defers tax cut on insurance premiums as Nirmala Sitharaman awaits IRDAI feedback

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18% GST On Used Cars: In the 55th meeting of the GST Council held under the chairmanship of Finance Minister Nirmala Sitharaman in Jaisalmer, Rajasthan, many issues were discussed and major decisions were taken.

18% GST On Used Cars : राजस्थान के जैसलमेर में वित्त मंत्री निर्मला सीतारमण की अध्यक्षता में आयोजित जीएसटी काउंसिल की 55वीं बैठक में कई मुद्दों पर चर्चा हुई और बड़े फैसले लिए गए हैं.

GST Council Meeting: पुरानी कारों की बिक्री पर अब 18% GST... काउंसिल की बैठक में फैसला, जानिए क्या होगा असर

आज तक

Living Media

GST Council Meeting: Now 18% GST on sale of old cars... Decision taken in council meeting, know what will be the effect

The 55th GST Council meeting saw tax hikes on vehicles and luxury goods, relief for insurance premiums, reduced GST on essentials, alignment with pre-budget talks, and states rejecting GST on ATF

Firstpost News

Mukesh Ambani

Mumbai

Maharashtra

55th GST Council meeting: 7 key takeaways from FM Nirmala Sitharaman's address

On Sunday, the GST Council, in its 55th meeting chaired by Union Finance Minister Nirmala Sitharaman, deferred the decision to cut taxes on life and health insurance premiums. Further technical consultations were needed before any changes could be implemented, the commission said.  Group of ministers to meet again for further discussions Bihar Deputy Chief Minister Samrat Chaudhary, who headed the Group of Ministers (GoM) tasked with considering…

India TV News

Rajat Sharma

GST Council postpones decision on reducing tax for life, health insurance premiums

The GST Council, chaired by Union Finance Minster Nirmala Sitharaman and comprising her state counterparts, is expected to deliberate on bringing Aviation Turbine Fuel (ATF) in Goods and Services Tax fold.Several state finance ministers expect the 55th GST Council meeting to cut tax rate on health and life insurance, besides considering rate rejigs on 148 items."Discussion on ATF took place but some states such as West Bengal, and Mizoram object…

NDTV Profit

ATF Under GST Faces Opposition From States; lnsurance Premium Cut Still In Talks: State FMs

Jaisalmer, Dec 21 (PTI) The GoM on GST rate rationalisation on Saturday deferred submission of its report, which suggested rate rationalisation in 148 items, to the GST Council, the panel's convenor and Bihar Deputy Chief Minister Samrat Chaudhary said. "Will submit the Group of Ministers (GoM) report on rate rationalisation in next meeting of the Council," Chaudhary told reporters here. The GoM had earlier this month arrived at a broad consensu…

NewsDrum

GoM on rate rationalisation defers report submission to GST Council

The 55th GST Council Meeting, chaired by Finance Minister Nirmala Sitharaman, deliberated on the long-standing demand to bring Aviation Turbine Fuel (ATF) under the ambit of GST. However, the proposal was not approved. Finance Minister Sitharaman clarified that ATF continues to be viewed as part of the crude oil, petrol, and diesel category, which remains outside the GST framework. Despite periodic requests from airlines and the aviation sector …

Business Upturn

55th GST Council Meeting: Proposal to include ATF under GST not approved

The 55th GST Council meeting which is expected to decide on reducing tax rate on health and life insurance, besides considering rate rejigs on 148 items began here on Saturday.     Union Finance Minister Nirmala Sitharaman chairs the 55th meeting of the GST Council, in Jaisalmer(PTI)  The GST Council, chaired by Union Finance Minster Nirmala Sitharaman and comprising her state counterparts, is also expected to deliberate on bringing Aviation Tur…

Latest For Me

Insurance, plane fuel might get cheaper as GST Council mulls lowering taxes – Latest For Me

The 55th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman, ended with crucial decisions being deferred for further discussion. One of the key topics on the agenda—a proposed reduction in GST on life and health insurance premiums – will be postponed until the next session. While stakeholders eagerly awaited a resolution, the Council agreed that more technical deliberations are required before finalizing any decisions. A m…

NewsX

Venod Sharma

GST Council Postpones Key Decisions On Health Insurance And Tax Revisions

New Delhi/Jaisalmer: The Goods and Services Tax (GST) Council on Saturday deferred the decision on rate cuts on life and health insurance premiums,  as some more technicalities need to be ironed out.  The GST exemption/reduction on life and health insurance premiums is a long-pending demand of the industry, as the move would alleviate the tax burden on both insurers and policyholders. According to people in the know, the GST Council in its 55th …

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55th GST Council defers rate cut decision on health insurance premiums

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GST council defers tax cut on insurance premiums as Nirmala Sitharaman awaits IRDAI feedback

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