By: AdminFebruary 06, 2025Categories: New Income Tax Act4 Min Read The Union Cabinet plans to approve the much-anticipated New Income Tax Bill on Friday, paving the way for its introduction…
Buyers May Not Benefit from Lower Insurance GST: Concerns Persist
States are preparing to address complaints about high GST rates on health and life insurance but face challenges in ensuring that reduced levies benefit consumers. Although lowering levies on life…
Panel Report on Income Tax Act Overhaul Expected by December
By: Admin | August 24, 2024 | Categories: TAX News | 4 Min Read The finance ministry has established a five-member committee tasked with revamping the Income Tax Act of…
CBDT Forms Committee to Review Income Tax Act, Plans to Eliminate ‘Sunset’ Clauses
By: Admin | August 22, 2024 | Categories: Tax News | 4 Min Read The Central Board of Direct Taxes (CBDT) has established a new committee to review the Income…
GoM on Rate Rationalisation Rejects GST Slab Merger
By: Admin | August 22, 2024 | Categories: GST News | 4 Min Read The Goods and Services Tax (GST) Group of Ministers (GoM), chaired by Bihar Deputy Chief Minister…
Government Proposes Reducing GST on Online News Subscriptions to 5%: MIB Requests Action
By: AdminAugust 17, 2024Categories: GST Recent News4 Min Read The Ministry of Information and Broadcasting (I&B) has recently proposed a significant reduction in the Goods and Services Tax (GST) rate…
Maharashtra GST Dept Issues Notification on Appointment of Technical Member (State) for GSTAT State Bench
By: AdminDate: August 14, 2024Categories: State GSTAT Notification CircularRead Time: 4 Minutes The Maharashtra GST Department issued Notification No. 15-GSTAT/2024-State Tax on August 12, 2024. This notification, therefore, addresses the…
UP GST Dept Issues Notification on Qualification Criteria for Technical Member (State) Appointment in GSTAT State Benches
By: AdminDate: August 14, 2024Categories: State GSTAT Notification CircularRead Time: 4 Minutes The Uttar Pradesh GST Department issued Notification No.-749/XI-2-24-9(47)/17-T.C.260-U.P.Act-1-2017-Order-(320)-2024 on August 08, 2024. This notification details the qualifications for…
IT Officials Should Adopt ‘Guidance Over Intimidation’ Approach With Taxpayers: CBDT Chief
By: AdminDate: August 13, 2024Categories: CBDT, NewsReading Time: 4 Min Introduction Paying income tax is a crucial responsibility for individuals each year. However, concerns have emerged about some income tax…
54th GST Council Meeting Likely on September 8-9: Key Issues on the Agenda
By: AdminDate: August 13, 2024Categories: GST Recent NewsReading Time: 4 Min The 54th GST Council meeting is expected to take place on September 8-9, 2024, as per sources with direct…