The 56th GST Council meeting introduced GST 2.0 with major reforms, including exemption of GST on individual Life & Health Insurance premiums. Group insurance, however, remains taxable and insurers lose ITC benefits.
In the recently concluded 55th GST Council Meeting held on 21/12/2024, the Council gave a Clarification regarding the GST rates applicable on various types of popcorn, a light edible item mostly consumed in movie theatres, restaurants, etc.
Don't miss out on tax-saving opportunities! Learn about Section 80C Deductions and make smart investment choices for FY 2023-24 (AY 2024-25).
Live Course on GSTR 9 & 9C for FY 24-25(Detailed discussions, FAQ, Case studies and Live demo of GSTR 9/9C on GST Portal)