April 27, 2025

Fundamentally, GST is paid by investors and home buyers while investing in under-construction properties. Before the implementation of GST, several taxes including VAT, stamp duty, service tax, registration charges, etc. had to be paid by home buyers.  With the introduction of GST on real estate, one has to pay taxes only on under-construction properties. Notably, one […]

The GST plays a significant role in determining travel costs for passengers in India. The GST slab for flight tickets is distributed across 5% and 12%, depending on the ticket type. GST applies to both domestic and international flight tickets, making it essential for travellers to understand these charges. As civil aviation emerges as a

GST on petrol has been a contentious issue since the implementation of the Goods and Services Tax (GST) law in India. Certain developments since 2021 have led industries across the country to believe that the GST Council may decide to charge GST on petrol and petroleum products. In the 53rd GST Council meeting press conference, the FM

LIC life insurance premiums attract a GST rate of 4.5%, with 18% GST applied to 25% of the premium in the first year. LIC Term Insurance and Health Plans are taxed at an 18% GST rate. Endowment Plans, Pension Plans, and Annuity Plans are subject to a 4.5% GST rate for the first year. GST Rate and SAC code on LIC Premium for