The 55th GST Council Meeting, led by Union Finance Minister Nirmala Sitharaman, will take place on December 21, 2024, in Jaisalmer, Rajasthan. Key discussions will focus on tax reforms for…
55th GST Council Meeting Scheduled for December 21 in Jaisalmer
Date: November 16, 2024Category: GST News Meeting Highlights Key Details: Chairperson: Finance Minister Nirmala Sitharaman Date & Location: December 21, Jaisalmer Reason for Delay: Postponed from November due to assembly…
Rajasthan High Court Quashes Refund Denial Based on Conflicting GST Circular
By: Admin | September 18, 2024 | Categories: GST Law | 3 Min Read In the case of M/s MO Industries v. Union of India [D.B. Civil Writ Petition No.…
Coimbatore MSMEs Urge GST Rate Reduction Amid Economic Strain: Calls for Government Intervention
By: AdminSeptember 13, 2024Categories: BUSINESS News | 4 Min Read Coimbatore’s Micro, Small, and Medium Enterprises (MSMEs) are rallying for a reduction in Goods and Services Tax (GST) rates on…
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…
Union Finance Minister Nirmala Sitharaman Inaugurates GST Bhawan in Udaipur, Launches ICETAB 2.0 for Customs Operations
By: Admin | August 24, 2024 | Categories: GST Law | Press Release | 4 Min Read Union Finance and Corporate Affairs Minister, Smt. Nirmala Sitharaman, inaugurated the GST Bhawan,…
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…
GST Council to Review Joint Development Agreement (JDA) Taxation in Real Estate Sector on September 9
By: Admin | August 21, 2024 | Categories: GST Recent News | 4 Min Read Amid ongoing legal disputes about GST on Joint Development Agreements (JDA) in the real estate…
CBDT Directs I-T Dept to Monitor High-Value Cash Transactions at Hotels and Hospitals
Introduction The Central Board of Direct Taxes (CBDT) has instructed the Income Tax (I-T) department to monitor cash transactions in high-value sectors, including hotels, luxury brand retailers, hospitals, and IVF…