GST Meeting: GST Council Reduces Taxes On Insurance Premium, Know Important Highlights

GST Meeting Highlights: On September 9, the 54th meeting of the GST Council took place, in which many important issues were to be decided. The most important decision to be taken in this was on the GST on insurance premium, which was 18%, reduced to 5% and kept in front of the GST Council. The final decision will be taken in the parliament in the presence of opposition and other leaders.

GST Council Meeting

Apart from this, the GST will be reduced from 18% to 5% on helicopter services for the pilgrimage and tourists. Along with this, no decision has been taken on the tax on small digital transactions in Batak. Also, 18% GST had been imposed on the payment of transactions less than Rs 2000.