Summons to insurance intermediaries and aggregators due to fake invoices

Summons to insurance intermediaries

The GST Department has summons to insurance intermediaries and aggregators due to fake invoices. The authorities in charge of the Goods and Services Tax (GST) have expanded their investigation into the bogus invoicing case involving insurance intermediaries and aggregators. In the last two weeks, they have issued summonses to several of them in order to … Read more

Impose 5% GST on natural gas to reduce fertilizer subsidies.

GST on natural gas

it is so crucial to impose 5% GST on natural gas to reduce fertilizer subsidies. Bringing natural gas under GST could put an end to the current differential taxation regime, as well as differing urea costs and subsidy payments across states. It will eliminate the tax-on-tax cascading effect. Finance Minister Nirmala Sitharaman has stated that … Read more