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The Star Health and Allied Insurance Co. Ltd. has received 25 tax demands of Rs.49 crores including penalties across various zonal offices, by GST and Central Excise authorities.

Star Health Insurance receives GST Demand worth Rs.49 Crore across Several States due to alleged Violations

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The reverse charge mechanism compels the recipient of goods or services to pay the tax, essentially reversing the chargeability.

List of Services Notified Under RCM for GST

IndusInd Bank Ltd. announced that the Joint Commissioner of CGST and Central Excise Thane, levied a Rs.30.15 crore penalty for various GST-related violations under Section 122(1)(ii) of the CGST Act of 2017.

IndusInd Bank gets GST Penalty worth Rs.30.15 Crore on Various GST issues

The Goods and Services Tax (GST) Council is expected to reduce the tax rates on health & life insurance. The current GST rate on gross premiums is 18%

GST on Insurance is Likely to be Reduced to 5%

The Finance Minister said that GST officers have blocked 357 illegal offshore gaming websites and frozen 2,400 bank accounts as a part of a current crackdown.

GST Department bans 375 Gaming Websites, Attached 2400 Bank Accounts for Investigation

The Omar Abdullah government introduced its first bill in Assembly in Jammu and Kashmir. The bill focuses to update the Union Territory's Good and Services Tax.

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Star Health Insurance receives GST Demand worth Rs.49 Crore across Several States due to alleged Violations

List of Services Notified Under RCM for GST

IndusInd Bank gets GST Penalty worth Rs.30.15 Crore on Various GST issues

GST on Insurance is Likely to be Reduced to 5%

GST Department bans 375 Gaming Websites, Attached 2400 Bank Accounts for Investigation

Jammu and Kashmir Govt passes bill to update State's GST Law with Centre