LIC of India: The country’s largest insurance company LIC has recently received a GST notice of Rs 290 crore, what is the reason for this notice, let us know in detail.
The matter of GST notice received by Life Insurance Corporation recently is in discussion. Let us tell you that the issue of GST notice of Rs 290 crore to LIC may come up in the GST Council meeting to be held in October.
Zee Media has received news from sources that the notice received by LIC from Bihar GST can be discussed in the 52nd meeting of the GST Council.
Meeting will be held on October 7
It has also come to light that clarification on these matters may come in the council meeting. Apart from this, the notices received by other insurance companies are also expected to be discussed.
Let us tell you that this time the 52nd meeting of the Goods and Services Tax (GST) Council will be held on October 7 at Vigyan Bhawan in the capital Delhi. Many more important decisions can be taken in the meeting chaired by Finance Minister Nirmala Sitharaman.
Many important issues are likely to be discussed.
In the information given by the GST Council on the social networking platform X, it was said that the 52nd meeting of the GST Council will be held on October 7, 2023 at Vigyan Bhawan, New Delhi.
During this time, many important issues including the GST rate applicable on online gaming companies can be discussed. Earlier the GST Council meeting was held on 2 August. During this time, it was decided to impose GST on casinos, horse racing and online gaming.
It was decided to impose 28 percent GST on these three only. Finance ministers of the states also participated in the GST Council meeting. 28% GST will also be effective on online gaming and casinos from October 1.
