The Insurance Regulatory and Development Authority of India vide its circular dated 21st August 2020 has permitted Insurers to classify investments in Preference Shares and Equity Shares as a part of “Approved Investment” if such Shares have paid a dividend for at least 2 years out of 3 consecutive years immediately preceding instead of for at least 2 consecutive years immediately preceding for the period from 1st April 2020 to 31st March 2021.
Image download link:New GST Rates In Haryana
Previously, the GST rate was set at “half per cent” (0.5%). The recent amendment changes this to “0.25 per cent” (a quarter percent).