Insurance CEOs to meet CBIC on September 12: Report
According to CNBC-TV18, insurance CEOs are also expected to meet the Central Board of Indirect Taxes and Customs (CBIC) on September 12 to push their demands further, particularly around GST changes and ITC-related issues.
According to another Moneycontrol report, CBIC is also meeting key industry representatives from hospitality, insurance and textiles this week. The aim is to ensure that retail prices reflect the new GST rates from September 22.
On September 3, the GST Council had introduced major revamp in tax slabs. The GST new rates are expected to improve consumption and boost spending.