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ICICI Lombard gets Rs 1,728.86-crore GST relief from Bombay High Court

ICICI Lombard gets Rs 1,728.86-crore GST relief from Bombay High Court

by AIP Online Bureau | Jul 4, 2025 | Indian News, Non-Life, Policy

The Bombay High Court has directed the adjudicating authority to re-hear the matter in light of the decision of the GST Council and the circulars,’’ the insurer said in a regulatory filing. Mumbai: In a relief to ICICI Lombard General Insurance, a positive development...

New India slapped with a GST demand of Rs 2,298 cr

by AIP Online Bureau | Jun 26, 2025 | Indian News, Non-Life

New India Assurance believes that it has strong case on merit. Based on the advice of its tax consultants, the company is in the process of filing a detailed reply highlighting its contentions with the adjudicating authority within the prescribed timelines...
No plans to levy GST on UPI transactions over Rs 2,000, says Govt

No plans to levy GST on UPI transactions over Rs 2,000, says Govt

by AIP Online Bureau | Apr 18, 2025 | Eco/Invest/Demography, Indian News, Policy

“The claims that the Government is considering levying are completely false, misleading, and without any basis. Currently, there is no such proposal before the government,’’ said the Ministry of Finance in a statement on Friday. New Delhi:The government has...
Goa CM Sawant appointed convenor of GoM on GST revenue analysis

Goa CM Sawant appointed convenor of GoM on GST revenue analysis

by AIP Online Bureau | Mar 25, 2025 | Eco/Invest/Demography, Policy, Regulation

Pramod Sawant,Chief Minister,Goa As per the memorandum, the terms of reference for the GoM comprise state-wise revenue trend analysis, including the identification of revenue patterns across sectors and regions Panaji: Goa Chief Minister Pramod Sawant has been...
GST rates will come down further: Sitharaman

GST rates will come down further: Sitharaman

by AIP Online Bureau | Mar 8, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy, Regulation

Nirmala Sitharaman, Union Finance Minister Responding to a question ’ on whether it is time to rationalise GST rates and slabs, Sitharaman said ”that work has almost reached a finale”. Mumbai: In an Indication that the GST rates on Health Insurance and Term Life...
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