The opposition had been demanding that the GST on health and life insurance premiums be scrapped but Union Finance Minister Nirmala Sitharaman has rebuffed such calls.
According to the information given in Parliament on Tuesday, gross GST revenue collection from BCCI during FY 2022-23 and FY 2023-24 was Rs 2,038.55 crore.
On August 3, 2024, the Kerala GST Department issued Trade Circular No. 14/2024-Kerala GST, announcing the implementation of new software for filing returns and payment of taxes under legacy acts.
In a major relief to the real estate sector, Lok Sabha on Wednesday approved the Finance Bill 2024 carrying relaxed capital gains tax provisions in respect of land or building.
Guidance Notes for Continuing the Exhausted Exemptions - Making Exemption/s Permanent
In a notable shift in tax policy, the Indian government has proposed an amendment allowing property buyers to choose between two tax calculation methods for long-term capital gains (LTCG) under the Finance Bill, tabled in the Lok Sabha on August 6.
The Ministry of Corporate Affairs (MCA) has issued Notification No. G.S.R. 476(E) dated August 05, 2024, to notify the Companies (Adjudication of Penalties) Amendment Rules, 2024.
The Ministry of Corporate Affairs (MCA) has issued Notification No. G.S.R. 475(E) dated August 05, 2024, announcing the Limited Liability Partnership (Amendment) Rules, 2024.
During a lively Question Hour session in Parliament, Tamil Nadu MP D. Ravikumar raised a critical issue regarding the continuation of the GST compensation cess, even though direct payments to states have ceased.
In the fiscal year 2023-24, the Indian government has collected Rs 8,263 crore as GST on health insurance premiums, as informed by the Minister of State for Finance, Pankaj Chaudhary, in Parliament on Monday.
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