Tag Archives: GST

The GST Council on Saturday deferred the decision to reduce the tax rate on premiums of life and health insurance policies. Officials gave this information. In the 55th meeting of the GST Council, it was decided that some more technical aspects need to be removed in this regard. The work was …

Tax officials have achieved major success. Officials have detected about 18,000 fake companies registered under the Goods and Services Tax (GST). Officials say that these companies are involved in tax evasion of about Rs 25,000 crore. In the recently concluded second nationwide campaign against fake companies, tax officials had identified …

The GST department has sent a tax demand notice of Rs 65 crore to the country’s largest government insurance company Life Insurance Corporation of India (LIC). Giving information about this notice, LIC said that the tax officials of the department have sent a tax demand notice of about Rs 65 …

The public sector life insurance company has suffered a major setback. The company received a Goods and Services (GST) penalty order of Rs 605.50 crore for the financial year 2019-20. According to a regulatory filing by the leading life insurance company in the stock exchanges, this order is appealable before …

Tax evasion not only has a bad effect on governments but also the common people. India is also not untouched in this matter. Tax evasion in the country remains a big headache for the government here. Revenue Secretary Sanjay Malhotra on Tuesday emphasized the need to maintain a better balance …