 "A critical GST panel meets on September 25, facing tension over potential tax slab changes as revenue concerns escalate.")
The ministerial panel reviewing GST rates will convene on September 25 to discuss potential changes to tax slabs. The Group of Ministers (GoM), led by Bihar’s Deputy Chief Minister Samrat Chaudhary, last met in August and submitted a report to the GST Council earlier this month. Currently, India’s GST structure includes four tax slabs: 5%, ...
 "The NCLAT dismissed the state tax department’s dues claim against Reliance Communications, upholding an earlier ruling amid insolvency proceedings.")
The National Company Law Appellate Tribunal (NCLAT) has dismissed a petition from the state tax department seeking dues from Reliance Communications (RCom). The appeal was based on claims made after RCom entered the corporate insolvency resolution process in June 2019. The NCLAT upheld an earlier decision by the Mumbai bench of the National Company Law ...
 "India’s import tax hike on edible oils aims to support struggling farmers, dramatically impacting global prices amid election pressures.")
India has increased import taxes on crude and refined edible oils by 20 percentage points to support local farmers facing low oilseed prices. This decision raises the total import duty on palm oil, soyoil, and sunflower oil to 27.5%, significantly impacting the prices of these oils and potentially reducing demand from overseas. The new duties ...
 "Supreme Court to hear pleas from mineral-rich states for recovering dues on royalty after landmark ruling favoring state tax rights.")
The Supreme Court has announced plans to establish a bench to address the claims of mineral-rich states like Jharkhand, which are seeking to collect millions in unpaid royalties and taxes related to mineral rights. This move follows a significant ruling on July 25, where the court determined that states, not the Central government, hold the ...
 "The GST Council’s dramatic meeting addressed insurance tax reforms, foreign airline relief, and surging revenues from online gaming.")
During the 54th GST Council meeting in New Delhi, Finance Minister Nirmala Sitharaman announced several key decisions. The council is exploring a state panel to review the compensation cess and its future beyond March 2026. Discussions included potential exemptions for life and health insurance premiums from GST, although further deliberation is needed. To support foreign ...
 "The GST Council meeting, chaired by Nirmala Sitharaman, tackles crucial tax issues, including health insurance exemptions and online gaming regulations.")
The GST Council, led by Finance Minister Nirmala Sitharaman, is set to address key issues, including the taxation of insurance premiums and online gaming fees. A major focus will be whether to reduce the current 18 percent GST on health insurance or exempt senior citizens from this tax. The council’s discussions will also cover revenue ...
 "Byju’s faces a 1 million tax claim amid .5 billion in creditor disputes, sparking turmoil for its thousands of employees.")
Byju’s, once India’s leading ed-tech startup, is facing severe financial challenges, with Indian tax authorities claiming $101 million in dues as it enters insolvency. Valued at $22 billion in 2022, the company’s fortunes have plummeted due to regulatory issues and a dispute with U.S. lenders over $1 billion in unpaid debts. A court-appointed resolution professional ...
 "Trade Minister Piyush Goyal advocates for a border adjustment tax to protect India’s steel industry from predatory imports and boost production.")
Trade Minister Piyush Goyal recently proposed a border adjustment tax (BAT) to protect India’s steel industry from cheap imports. Speaking at a steel conclave, he emphasized the need for this tax to level the playing field, as Indian producers face higher costs due to local taxes. However, some experts suggest that BAT might only slightly ...
 "Hunter Biden faces a tumultuous trial over tax evasion, exposing his controversial foreign dealings and personal struggles amid family turmoil.")
Hunter Biden is facing serious legal issues as he prepares for a new trial concerning alleged tax evasion on millions in income from foreign businesses. This trial comes after his recent felony gun conviction, which has raised concerns about his past spending habits and lifestyle choices. Although the political ramifications of these trials may have ...
 "Pakistan’s Tax Battle: Finance Minister Urges Traders Amid Protests")
Pakistan’s Finance Minister Muhammad Aurangzeb recently urged traders to comply with tax regulations to help strengthen the country’s struggling economy. During a press conference in Islamabad, he highlighted that while the government’s tax revenue rose by 29 percent last year, the tax-to-GDP ratio remains low at 8.8 percent, far from the sustainable target of 15 ...
