Is GST payable on gift card, voucher purchase? Govt clarifies
In the electronic commerce space, vouchers have become a widely used tool to enhance customer engagement, drive sales, and ...
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 people potentially forgoing proper insurance coverage. But if both life and ...
Investopedia12d
Generation-Skipping Trust (GST): Definition and How It's Taxed
Investopedia / Michela Buttignol A generation-skipping trust (GST) is a type of legally binding trust agreement in which the contributed assets are passed down to the grantor's grandchildren.
Budget impact from GST perspective
BENGALURU: Goods and Services Tax (GST) is crucial for revenue collection, compliance, and economic growth. The Finance Bill ...
money.rediff14d
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 by banks and NBFCs, and on transactions up to Rs 2,000 facilitated by ...
Budget proposes GST amendment: Track and Trace Mechanism to prevent evasion
The Union Budget has proposed a host of amendments in GST law, including implementing the Track and Trace Mechanism, for evasion-prone goods.