Govt. clarifies no plans to waive GST on artificial limbs and assistive devices for physically disabled, as they already attract the lowest tax rate of 5%.
Govt. confirms no changes to the process of tax exemptions for STs in Meghalaya, clarifying no certificates are needed to claim exemptions under Section 10(26).
Govt. considers reducing GST on term and health insurance for seniors and those with coverage up to ₹5 lakh, with discussions ongoing within GST Council.
UPI processed over 16B transactions worth ₹23.49 Lakh Crore in October 2024, marking significant growth in India’s digital payment ecosystem.
MCA enhances compliance and ease of doing business with decriminalization of 63 offences, faster company strike-offs, and streamlined corporate processes.
IFSCA renews recognition for India International Bullion Exchange as Bullion Exchange and Clearing Corporation until Dec 2025.
Time period for exporting Broken Rice via NCEL to Senegal and Gambia extended by 2 months until 31st January 2025. Notification issued by DGFT.
Corrigendum issued for Customs Notification No. 26/2024-CUSTOMS (ADD) clarifies duty calculation method for specific goods. Effective from 4th December 2024.
Circular amends the adjudication process for DGGI show cause notices with all-India jurisdiction for certain GST officers.
SEBI amends Insider Trading regulations in December 2024, broadening the scope of “connected person” and “relative” to enhance market transparency.
