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…
Mumbai Sessions Court Denies Bail to Ahmedabad Businessman in ₹175.93 Crore GST Refund Scam
On September 7, 2024, the Mumbai Sessions Court denied bail to Anilkumar Babulal Runthala, a 43-year-old businessman from Ahmedabad. He faces accusations in a ₹175.93 crore GST refund scam. This…
LIC Faces ₹230 Crore GST Penalties from Tamil Nadu and Telangana Authorities
On September 7, 2024, Life Insurance Corporation of India Ltd. (LIC) disclosed receiving substantial GST penalties totaling ₹230 crore from authorities in Telangana and Tamil Nadu. This development adds to…
GST Council Meeting on September 9: Key Proposals and Expected Changes
The GST Council’s upcoming meeting on September 9, 2024, will address several crucial issues affecting various sectors. Here’s a summary of the key proposals and anticipated changes: Continuation of Compensation…
Karnataka Government Urges PM to Abolish 18% GST on Health Insurance Premiums
📅 By Admin | September 07, 2024📂 Categories: #GST #RecentNews⏳ 4 Min Read On *Friday, September 6, the *Karnataka government made a formal appeal to *Prime Minister Narendra Modi, urging…
GST Council to Discuss Key Amendment, Retro Tax Relief Likely for Online Gaming Companies
📅 By Admin | September 07, 2024📂 Categories: #GST #RecentNews⏳ 4 Min Read GST Council to Discuss Amendment on September 9, 2024 The GST Council will meet on September 9,…
GST Relief on Health Insurance: Council to Consider 4 Options
📅 By Admin | September 07, 2024📂 Categories: #GST #RecentNews⏳ 4 Min Read GST Council to Review Health Insurance Tax Options The Goods and Services Tax (GST) Council will examine…
CBIC Implicates Customs Brokers as Co-Noticees in Interpretative Dispute Cases
By: AdminDate: September 04, 2024Categories: Customs Updates | Important NewsRead Time: 4 Min The Central Board of Indirect Taxes and Customs (CBIC) has issued Instruction No. 20/2024-Customs on September 03,…
CBIC Issues New Circular on Automation in Customs for EOUs
By: AdminDate: September 04, 2024Categories: Customs Updates | Important NewsRead Time: 4 Min CBIC Introduces Automation for EOUs On September 4, 2024, the Central Board of Indirect Taxes and Customs…
Allahabad High Court Ruling: Tax Invoices, E-way Bills, and Goods Receipts Insufficient for ITC Claim
By: AdminDate: September 04, 2024Categories: GST Case Law | Important NewsRead Time: 4 Min In a significant ruling, the Hon’ble Allahabad High Court in the case of M/s Anil Rice…