By: AdminJanuary 29, 2025Categories: GST, Recent News4 Min Read Insurtech Startups Advocate for Policy Reforms With the Union Budget 2025 approaching, Insurtech startups are pushing for key reforms to improve…
ICAI Releases Revised 13th Edition of Background Material on GST – January 2025
By: AdminDate: January 29, 2025Category: ICAI | Important NewsReading Time: 4 Min Overview of the Revised Edition The Institute of Chartered Accountants of India (ICAI) has published the 13th edition…
GST Portal Update: Negative Values Now Allowed in GSTR-3B to Address Negative Liability
The GST Network (GSTN) has introduced a significant update on the GST portal, allowing taxpayers to report negative values in the Outward Supply Table 3.1 of GSTR-3B. This update addresses…
Insurers Advocate Continuation of GST on Term Insurance Plans
By: Admin, AAERM Law AssociatesDate: January 23, 2025Categories: GST, Recent News The ministerial panel on GST rationalization is discussing ways to ensure tax benefits are passed to consumers. However, life…
IRDAI Seeks Feedback on GST Rate for Insurance Sector
By: Admin | Date: December 31, 2024 | Category: GST Recent News | Read Time: 4 Minutes The Insurance Regulatory and Development Authority of India (IRDAI) has initiated discussions with…
GST Body Imposes ₹2 Crore Fine on Airtel; Telecom Giant Plans to Contest Order
By: AdminDate: December 30, 2024Categories: GST Recent NewsReading Time: 4 Minutes The Indian telecom sector is witnessing a standoff between Bharti Airtel, the country’s second-largest telecom operator, and the GST…
Real Estate Developers Urge Government to Reconsider 18% GST on FSI
Date: December 20, 2024Category: GST Recent NewsRead Time: 4 Minutes Real estate developers, represented by CREDAI (Confederation of Real Estate Developers' Associations of India), have voiced concerns about the proposed…
AP Chambers Opposes New GST Slab Proposal
Date: December 20, 2024Category: GST Recent NewsRead Time: 4 Minutes The Andhra Pradesh Chambers of Commerce and Industry Federation (AP Chambers) has urged the GST Council to reconsider the introduction…
CBIC’s Second Nationwide Drive Exposes ₹26,543 Crore GST Evasion
Date: December 19, 2024Category: GST Recent NewsRead Time: 4 Minutes The Central Board of Indirect Taxes and Customs (CBIC) has unearthed a massive GST evasion of ₹26,543 crore during its…
FCI Permits Custom-Milled Rice Delivery, but GST and Storage Issues Persist
The Food Corporation of India (FCI) has provided some relief to rice millers by permitting the delivery of custom-milled rice (CMR). However, unresolved challenges related to GST on fortified rice…