Explore Government Job 2024
GST Council Meeting Today: GST Exemption on Insurance Levy Expected The GST Council is set to hold its 55th meeting today, November 21, 2024, in Jaisalmer, Rajasthan. Chaired by the Union Finance Minister and comprising state finance ministers, the council will discuss key issues, including GST exemption on insurance premiums and revisions to GST rates … Read more
GST Rectification Process: The GST Rectification process is a pivotal mechanism for businesses to address inaccuracies and disputes in their tax assessments. A recent case involving the Life Insurance Corporation of India (LIC) demonstrates the substantial relief that can be achieved through this process. LIC successfully reduced a substantial GST demand of ₹294.43 crore to … Read more
The electric vehicle (EV) sector in India is pushing for changes in GST rates to ensure affordability and promote widespread adoption. Industry leaders, including Sulajja Firodia Motwani, chair of the FICCI Electric Vehicle Committee, are calling for a reduction in GST on batteries and charging services. This move is critical to maintaining the cost competitiveness … Read more
A journalist accused of involvement in a Goods and Services Tax (GST) fraud case has been denied bail by an Ahmedabad court. The court cited the seriousness of the charges and their adverse impact on the economy while refusing the plea. Key Highlights of the Case 1. Bail Application Rejected The Additional Sessions Judge noted … Read more