Reduction in GST for Insurance Products Recommended by the Standing Committee on Finance

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Recommended a reduction in GST rates applicable to various health insurance products, including retail policies for senior citizens and micro-insurance policies, along with term policies The Standing Committee on Finance has recommended a reduction in the Goods and Services Tax …

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Amendment in GST Act: 1 Lakh Penalty for Non-Registration of Machines by Specified Persons

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Amendment in GST: Insertion of New Section 122A Prescribing Penalty, Seizure & Confiscation for Non-Registration of Machines by Tobacco Product manufacturers In a significant amendment to combat revenue leakage in the tobacco products manufacturing sector, the Finance Bill 2024 has …

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Biometric Based Aadhar Authentication for GST Registration Likely to be Introduced Pan India – CBIC Chief

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GST Council may Consider Nationwide Rollout of Biometric Authentication for registration – Statement of CBIC Chief Biometric Authentication: The Goods and Services Tax (GST) Council is contemplating the implementation of biometric based Aadhaar authentication across India for individuals seeking GST …

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ACB Exposes Corruption: GST Officer Caught Red-handed in Bribery Sting Operation by Anti-Corruption Bureau

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GST Officer Caught Red-Handed in a Sting Operation by Anti-Corruption Bureau (ACB) In a major development, Anti-Corruption Bureau (ACB) officials in Srikakulam district successfully apprehended a GST officer, N. Kishore Kumar, while accepting a bribe of Rs. 1 lakh from …

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