Life insurance companies challenge GST exemption for term policies, ET LegalWorld
Life insurance companies are opposing a proposed Goods and Services Tax (GST) exemption on term insurance policies. They argue that losing input tax credits (ITCs) on their expenses would increase costs, ultimately raising premiums for consumers. The industry presented its case to a government panel reviewing GST rates, led by Bihar Deputy Chief Minister Samrat […]
Relief for home buyers, SC grants exemption to Unitech housing projects from RERA registration, ET LegalWorld
Coming to the rescue of thousands of home buyers and facilitating disbursal of their stalled loans for flats constructed by real estate firm Unitech Ltd, the Supreme Court on Thursday granted exemption from registration under RERA for different housing projects located in seven states. A bench of Justices Surya Kant and N Notiswar Singh said […]
Ordering from Swiggy, Zomato may get cheaper; health insurance exemption on cards, ET LegalWorld
Representative Image The GST Council is expected to discuss lowering tax rates on life and health insurance premiums during its meeting on Saturday. Simultaneously, it may consider increasing taxes on luxury wristwatches, footwear, and apparel, along with introducing a distinct 35% tax slab for sin goods. The 55th meeting of the GST Council, chaired by […]
Larsen & Toubro wins ₹702 cr customs duty exemption appeal, Legal News, ET LegalWorld
Highlights Larsen & Toubro has successfully received an order from the Appellate Tribunal, overturning a customs duty exemption demand amounting to ₹ 702 crore. The favorable ruling, communicated to the stock exchange on December 6, 2024, follows an appeal made by Larsen & Toubro against the Principal Commissioner of Customs, Ahmedabad. Larsen & Toubro has […]
Grant exemption to disabled person on Tamil language requirement: HC, ET LegalWorld
The Madras High Court has observed that the barriers faced by persons with disabilities go beyond just physical accessibility issues, extending to deep rooted prejudice, stereotypes and misconcepts that pervaded many aspects of the society. Justice N Anand Venkatesh made the observation in a recent order while allowing a petition from B Vidyasagar, Assistant Engineer, […]
Denied exemption, Sebi chief Madhabi Buch set to appear before PAC tomorrow, ET LegalWorld
After much suspense, Sebi chairperson Madhabi Buch is scheduled to appear before the Public Accounts Committee of Parliament on Thursday, a meeting that on agenda is slated to be a performance review of the top regulator, but which may result in fireworks over its functioning as well as about the recent allegations of impropriety levelled […]