Friday, September 20, 2024

Tag: GST

GST Council meets: GST on cancer drugs reduced from 12 to 5%, 18% tax on electricity connection scrapped

GST on cancer drugs has been reduced. Now only 5% GST has to be paid on cancer drugs instead of 12%. The Goods and Services Tax (GST) Council met on Monday....

54th meeting of GST Council will be held tomorrow: Tax on health insurance can be reduced from 18%, tax on online gaming will also...

The 54th meeting of the GST Council will be held tomorrow i.e. on 9 September (Monday). In this meeting, many issues including GST on insurance premium will be discussed. Many experts...

Fitment Panel to submit report to Council: 4 options for relaxation in GST on health insurance, to be decided on Monday

The GST Council may give massive relief in health and life insurance in its meeting on Monday, September 9. Council's Fitment Panel has suggested 4 options for relief. The panel has...

In August, the government raised ₹1.75 lakh crore from GST: Commercial cylinder became costlier by ₹39, deadline for free Aadhaar update extended

Yesterday's big news was related to GST. The government has collected Rs 1,74,962 (about 1.75 lakh) crore from Goods and Services Tax, i.e. GST in August 2024. There has been an...

Government collects ₹1.75 lakh crore from GST in August: Second biggest collection of FY2024-25, up 10% year-on-year; ₹24,460 crore refund released

The government has collected Rs 1,74,962 (about 1.75 lakh) crore from Goods and Services Tax (GST) in August 2024. It has increased by 10% on an annual basis. In August last...

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