The GST Council's recent meeting in Jaisalmer led to key decisions aimed at improving the CGST Act. These changes, to be introduced in the upcoming Budget session, aim to enhance…
GST Council Clarifies Late Fee Applicability and Approves Waiver for FORM GSTR-9C
Date: December 21, 2024Category: 55th GST CouncilRead Time: 4 Minutes The 55th GST Council Meeting, chaired by Union Finance Minister Nirmala Sitharaman in Jaisalmer, Rajasthan, addressed late fee concerns for…
Former CEA Criticizes 18% GST on Caramelized Popcorn as “Complexity is a Bureaucrat’s Delight”
Date: December 23, 2024Category: GST Recent NewsRead Time: 4 Minutes The GST Council’s decision to impose 18% GST on caramelized popcorn has sparked widespread criticism, with several prominent figures expressing…
GST Council May Grant Exporter Status to Intermediaries for Tax Relief
Date: December 20, 2024Category: GST Recent NewsRead Time: 4 Minutes The 55th GST Council meeting, scheduled for Saturday, is expected to provide significant relief to intermediaries such as brokers, agents,…
GCCI Seeks SOP for GST Registration to Ease Business Operations
Date: December 18, 2024Category: GST Recent NewsRead Time: 4 Minutes The Gujarat Chamber of Commerce and Industry (GCCI) has urged the government to implement a Standard Operating Procedure (SOP) for…
Steady Rise in CSR Expenditure in Aspirational Districts: ₹1,402.89 Cr Spent in FY 2022-23
Section 135 of the Companies Act, 2013, along with Schedule VII and CSR Policy Rules (2014), governs Corporate Social Responsibility (CSR). CSR expenditure in Aspirational Districts has steadily grown over…
Plea to Verify EVMs Used in Haryana Polls: Supreme Court Directs Matter to CJI
Date: 13 December 2024 | By: Admin, Aaerm Law Associates The Supreme Court of India has taken up a key petition regarding the Haryana Assembly elections. Karan Singh Dalal, a…
CBDT Amends Notification No. 44/2020 Under Section 10(23FE) of the Income-tax Act, 1961
The Central Board of Direct Taxes (CBDT) issued Notification No. 127/2024 on December 11, 2024, amending the earlier Notification No. 44/2020 dated July 6, 2020, under section 10(23FE) of the…
Government Initiatives for Income Tax Relief to Cooperative Societies
The Government of India has introduced several measures to provide income tax relief to cooperative societies. Below are the key initiatives: Reduction in Surcharge for Cooperative Societies Surcharge rate reduced…
Parliamentary Panel Report: One-Third Vacancies in CBDT and CBIC
A recent parliamentary panel report has uncovered a significant workforce shortage in two of India's premier tax authorities—the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect…