By: AdminJune 26, 2024Categories: GST Recent News4 Min Read The Material Recycling Association of India (MRAI) has made a plea to the Central Government and GST Council to reduce the…
Corporate guarantee relief will not benefit realty, power firms: Experts
By: AdminJune 26, 2024Categories: GST Recent News4 Min Read The Goods and Services Tax (GST) Council’s decision to provide tax exemption on corporate guarantees in two scenarios – transactions that…
Gaming Companies to Benefit from Retro Tax Waiver, Alleviating Rs 1 Lakh Crore Tax Burden
By: AdminJune 26, 2024Categories: GST Recent News4 Min Read The Goods and Services Tax (GST) council has proposed an amendment that would grant the government the authority to override retrospective…
Centre may prepay market loans taken to compensate states for GST revenue loss during Covid yrs
By: AdminJune 26, 2024Categories: GST Recent News4 Min Read The central government may be able to repay Rs 2.69 lakh crore loans it had taken to compensate states for GST…
Banks Seek Clarity on GST Applicability on Penal Charges and Request More Time for Implementing Customer Consent Rules for Marketing Communications
By: AdminJune 26, 2024Categories: GST Recent News4 Min Read The new policy implemented by the Reserve Bank of India (RBI), which prohibits banks from imposing 'penal interest' and instead, only…
GST Council to Reconstitute Three Groups of Ministers Following Induction of New Members
By: AdminJune 25, 2024Categories: GST Recent News4 Min Read The GST Council will have to reconstitute three group of ministers (GoM) under it as new ministers from 11 states joined…
GST Council’s tax norm tweaks may ease burden on general insurers
By: AdminJune 25, 2024Categories: GST Recent News4 Min Read The Goods and Services Tax (GST) Council's decision to not levy tax on co-insurance premium and reinsurance commission retrospectively will be…
Indian Auto LPG Coalition urges Finance Ministry to reduce GST
By: AdminJune 25, 2024Categories: GST Recent News4 Min Read The Indian Auto LPG Coalition (IAC) on Monday urged the Finance Ministry to reduce the GST rate on auto LPG from…
Smaller companies to be biggest beneficiaries of GST penalty, interest waiver
By: AdminJune 25, 2024Categories: GST Recent News4 Min Read The GST Council's decision to waive off interest and penalty under Section 73 will bring in a much-awaited relief for smaller…
Industry body seeks PLI expansion, cut in GST on batteries, charging infra
By: AdminJune 25, 2024Categories: GST Recent News4 Min Read Industry body India Energy Storage (IESA) has demanded that the government reduce the goods and services tax (GST) on batteries and…