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GST - Third-party motor vehicle premiums collected by insurance companies exemptedGST Council brings sponsorship services by corporates under forward charge mechanismGST Council to set up GoM on issue of levying addl levy to meet disaster-related expenses by States + Amendment to Sec 17(5) to nullify SC’s ruling in Safari Retreat caseGST - Concept note on registration of small assessees approved by Council; Law to be amended in future + No decision taken on GST rate for food delivery charges + No decision taken on FSI + Recognised skill training partners to be exemptedGoM on Rate Rationalisation: Recommendations not yet finalised, says FMGST Council decides not to put GST on penal charges collected by banks on loans + GoM on Compensation Cess gets extension + no agreement on bringing ATF under GST + Missing IRDA inputs lead to deferment of GoM decision on insurance55th GST Council decides to reduce tax rate on fortified rice kernel + exempts gene therapy + rate reduced for merchant exporters + 5% GST on inputs of food preparation for free distribution + no GST on black paper & resins supplied by farmers + amends definition of pre-packaged / labelled commodities + payment aggregators below Rs 2000 threshold exempted - no relief to payment gateway +Bombay HC fines Lalit Modi Rs one lakh for filing frivolous petitionLG grants permission to ED to prosecute Kejriwal in excise scam caseI-T- AO's addition must be sustained in cases where assesse has not been able to satisfactorily establish its case through demonstrative evidence : ITATPollution-free environment is constitutional right, rules Bombay HCOver 1300 manufacturing units established under PLI SchemeQuake of 4.8 magnitude rocks NepalI-T- Assessee entitled to take up plea of addition of peak credit which only need to be treated as income of assessee: ITATSaudi Arabian driver rams through bustling Christmas market in Germany - 2 dead & 60 injured37 Cr RuPay cards issued to PMJDY account holdersTrump warns EU of tariffs over oil & gas importsI-T- AO had no jurisdiction to make additions in assessment order u/s 153A, when no incriminating materials were seized in course of search action u/s 132: ITATCabinet okays MSP for Copra for 2025 seasonTrudeau’s key ally vows to vote against him in non-confidence motionIntegration of industry with Govt digital platforms to improve logistics sector: GoyalIndiaAI Mission calls for proposals to drive Ethical Innovation
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