Latest update 09.09.2024

Tax in Media

GST Council meeting on September 9: A look at key proposals and expected changes

Compensation cess continuation: The Council is expected to provide clarity on the continuation of the GST compensation cess. Sources suggest that the cess may extend “well into” 2025-26 (FY26). There will also be discussions on whether to eventually replace this cess with a tax or a new cess.

Buyer may not gain from lower insurance GST

States are expected to move ahead with resolving the complaint of high GST on health and life insurance but fear that insurers may not pass on the benefit of lower levy to consumers in the absence of an anti-profiteering body.

Mumbai: Sessions Court Denies Bail To 43-Year-Old Ahmedabad Businessman In ₹175.93 Crore GST Refund Scam Case

The sessions court has rejected the bail plea of 43- year-old businessman from Ahmedabad Anilkumar Babulal Runthala arrested in connection with Rs 175.93 crore GST refund scam involving tax officials.

New PPF rules target accounts without guardians, aims to prevent exploitation

Government sources have clarified recent misunderstandings regarding the Small Savings Circular, following misleading information on social media platforms like Twitter, CNBC-TV18 reports.

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