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The Goods and Services Tax (GST) Council in its upcoming meeting is likely to give a breather on no claim bonus under insurance policies, sources privy to the developments told CNBC-TV18. The GST Council, chaired by Union Finance Minister Nirmala Sitharaman, is likely to clarify that GST cannot be levied on no claim bonus, according to multiple people familiar with the development.
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Post Views: 501 The Punjab taxation commissioner also directed the officers to meticulously complete assessment cases by September end, and…
From July onwards, taxpayers will no longer be able to edit auto-populated tax liability in their GSTR-3B returns. The GST Network (GSTIN) has rolled out this update, aiming to curb misuse and plug revenue leakages. However, tax experts warn that this will warrant higher accuracy from suppliers and could trigger cash flow challenges for buyers.