Goods and Services Tax (GST) co-insurance and re-insurance are likely to be discussed at the next meeting of the GST Council, after the issue is examined by the fitment committee, a senior government official told Moneycontrol. Certain industry practices have been leading to non-payment of the tax, due to which clarity needs to be brought in, the official explained.
Source a2ztaxcorp
Latest Posts in "India"
- India: FICO Urges Punjab to Clear Pending GST and VAT Refunds
- India: CBIC Clarifies Seven GST Issues on Input Service Distributor Mechanism
- India to Revamp GST Return Forms to Reduce Tax Mismatches
- India: Goa cuts ATF VAT to 7%, boosting air connectivity and tourism
- India cuts aviation fuel tax to boost intra-state flights
