The average base price of tickets sold before and after the GST rate reduction was compared. The DGAP found that the company had not commensurately reduced the selling price of tickets post-GST rate reduction, resulting in profiteering.
CBIC exempt Compensation cess on supply of aerated beverages and energy drinks to authorised customers by Unit Run Canteens under Ministry of Defence vide Notification No. 01/2024-Compensation Cess (Rate) | Dated: 12th July, 2024 as per Recommendations of 53rd GST Council Meeting
CBIC exempts UTGST on Indian Railways services and specific accommodation services from July 15, 2024, following GST Council recommendations.
Discover the latest amendments in Notification No. 03/2024-Union Territory Tax (Rate), effective from 15th July 2024, focusing on agricultural produce packaging.
CBIC’s Notification No. 02/2024 lowers UTGST rates on cartons, milk cans, solar cookers, and brooder parts, effective July 15, 2024, based on 53rd GST Council recommendations.
Ministry of Finance amends IGST rates for railway services. Notification No. 04/2024 details tax exemptions for various services. Effective from July 15, 2024.
Explore the key amendments in Notification No. 03/2024-Integrated Tax (Rate), effective from 15th July 2024, focusing on agricultural produce packaging.
CBIC’s Notification No. 02/2024 reduces GST rates on cartons, milk cans, and solar cookers from 18% to 12%. Effective from 15th July 2024.
IRDAI issues a penalty of Rs. 37 lakhs to Prowess Insurance Brokers for regulatory violations. Read the full order details and implications.
Ministry of Finance updates Central Tax rates for railway services. Notification No. 04/2024 details tax exemptions. Effective from July 15, 2024.
