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The insurance industry is going from a typical time where the life insurance claims increase because of covid-19. The increase in the claims and the attendant payouts which life, as well as medical insurance firms, suffer 30% surge in premiums as reinsurers see towards recovering the losses. But the insurance premiums in India are still […]
As retail sectors are on the path of recovery but due 2nd half of FY22 rising Omicron cases have backed out the recovery again. The retail sector is eyes on the budget for good hope in the current uncertain territory. Seeing the rise in the cases and the increasing omicron variant the government must circulate […]
On Wednesday National Anti-Profiteering Authority has requested his tax council to convey the advantage of GST price which gets diminished on things relevant to covid things. It is indeed asked to give priority to the common consumer complaints. Beneath the GST act NAA which is a law, the mechanism is allocated to convey the relief […]
Hoteliers, for stand-alone restaurants, have requested the government to reduce the hiked Goods and Services Tax (GST) on commercial liquefied petroleum gas (LPG) cylinders, otherwise, it would lead to an unwanted hike in the prices of food items. Recalling history in a hurry, Between December last year(2020) and March(2021) this year, the price of a […]
The Centre may convene a 44th GST council meeting within the forthcoming few weeks agenda being “Exemptions by Centre on Covid related medicines and equipment” as states are continuously and publicly approaching Centre for GST exemption in addition to demanding medicines and medical equipment that are necessary for the fight against Covid-19 pandemic. The medicines […]
To the government, the Indian staffing Federation questioned to lessen the goods and services tax on staffing firms with respect to 18% to 5% as well as seeking separate industry status for the sector to assist them alleging specific privileges. “Staffing companies generate employment and in a majority of the cases, these are low-level jobs […]
While the setback hit the market of multinational giant Procter & Gamble, the Anti-profiteering body of GST on Thursday seeks that the company of profiteering. P&G has told to give the amount of INR 241.5 cr. P&G in turn clarifies to the claims that they had followed all the legal options and works under the […]
Due to corona, another package for the economy which gets canceled is now again launched by the government said by finance secretary Ajay Bhushan. Although he has not stated the time when it will be provided. Indeed he also says that the Indian Economy might reach a 0% growth The biggest tax reform i.e. Goods […]
The National Anti-Profiteering Authority (NAA) has found Whirlpool, a consumer goods provider company in India, guilty for not passing the benefits worth Rs. 4 lakhs under the GST (Goods and Services Tax) rate Grab the information of revised GST slab rates on consumer products in India, Although GST council finalized the slab rates like 5%, […]
