The rising costs in the housing sector have made affordable housing a priority across India. A recent recommendation from a Goods and Services Tax (GST) panel is a hopeful step toward making home ownership more accessible. This government panel, focused on GST regulations for real estate, is proposing an increase in the affordable housing price limit from ₹45 lakh to
In a move that could reshape India’s Goods and Services Tax (GST) landscape, a Group of Ministers (GoM) has proposed significant tax rate changes for more than 100 products. These adjustments are aimed at providing targeted relief in some areas, while also generating additional revenue to support important exemptions, particularly for senior citizens and essential insurance policies. The recommendations are
In a significant move aimed at providing financial relief to senior citizens, the Group of Ministers (GoM) has put forward a proposal to exempt Goods and Services Tax (GST) on life and health insurance premiums. This decision could represent a major shift in how essential financial services are taxed, and it signals an important step toward reducing the economic burden
