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    Sebi bars Trafiksol ITS, its promoters from securities market for 1 year; slaps Rs 1.05 cr fine
    Sebi bars Debock Industries, its MD Mukesh Singh for 7 years; slaps penalty
    CPI(M) hits out at NCLT over Subhash Chandra's Rs 6.5-Cr repayment plan against Rs 22,006-Cr claims
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August 28, 2026
Show AI Summary
Insolvency debt settlements: political criticism alleges severe creditor haircuts favour influential corporate borrowers over ordinary debtors.
CPI(M) criticised approval of a repayment plan involving Zee Group founder Subhash Chandra, asserting that repayment of Rs 6.5 crore against creditor claims of Rs 22,006.57 crore undermines fairness in insolvency debt settlement. It alleged severe creditor haircuts and bias favouring influential corporate borrowers. The party linked the settlement to an alleged pattern of large borrowers resolving liabilities at steep discounts, shifting the burden to taxpayers and small depositors while smaller borrowers face coercive recovery measures.
August 28, 2026
Show AI Summary
Corporate governance requires company secretaries to promote ethical practices, transparency, responsibility and institutional accountability across economic ecosystems.
Good corporate governance is central to development and depends on responsible governance, ethical practices, transparency, institutional accountability and professional excellence. Company Secretaries have an expanding role in strengthening governance practices through professional expertise. Professional institutions should promote governance standards, support institutional excellence, and evolve their practices in response to changing requirements. Their wider contribution lies in fostering a culture of ethical entrepreneurship, responsibility, transparency and sound governance.
August 28, 2026
Show AI Summary
Proceeds-of-crime tracing prompts freezing of deposits linked to structured disposal of foreign property in a bank-loan fraud investigation.
Money-laundering investigation into alleged bank-loan fraud involving DHFL has resulted in the freezing of bank deposits held by Al Jalore Trading FZE under the Prevention of Money Laundering Act. A United Kingdom property was allegedly disposed of through a purported loan arrangement that created an encumbrance to settle an Indian liability. Sale proceeds were credited to Al Jalore Trading FZE's Indian bank account rather than to the registered owner, indicating alleged dissipation of proceeds of crime through a structured foreign-property transaction.
August 28, 2026
Show AI Summary
Defence export authorisation reform streamlines consultations, expands unified licences, and facilitates eligible exporters' access to international markets.
Open General Export Licence arrangements permit eligible exporters to self-generate authorisations for multiple consignments of specified defence items without obtaining separate authorisation for each consignment. Three existing licence procedures are consolidated into a unified framework. Licence validity is extended to three years, and territorial coverage is expanded to all countries other than negative or sensitive nations and destinations subject to United Nations Security Council sanctions or arms embargoes. Eligible companies with long-term foreign original equipment manufacturer agreements may obtain licences aligned with the underlying contract, subject to prescribed conditions.
August 28, 2026
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IPO approval enables Jio Platforms to issue fresh equity shares, with proceeds earmarked for subsidiary debt repayment and corporate purposes.
SEBI's final observations enable Jio Platforms Ltd to proceed with an initial public offering comprising up to 27 crore newly issued equity shares. The transaction is structured as a fresh issue of shares. Offer proceeds are primarily allocated towards repayment or prepayment of outstanding borrowings of Reliance Jio Infocomm Ltd, Jio Platforms' material subsidiary, with the balance designated for general corporate purposes.
August 28, 2026
Show AI Summary
Gold price volatility intensified as dollar strength, profit-booking, and customs-duty-cut reports pressured domestic bullion markets.
Domestic bullion prices declined for a third consecutive session as a stronger US dollar and sustained profit-booking after a recent rally weakened gold and silver. Gold fell sharply in the national capital and silver also declined in domestic trading, with the three-day movement reflecting ongoing price volatility in the bullion market. International spot gold remained marginally lower while investors awaited policy-related remarks concerning inflation and elevated yields.
August 28, 2026
Show AI Summary
Direct benefit transfer strengthens welfare delivery through Jan Dhan accounts, digital payments, reduced intermediaries, and expanded financial inclusion.
Direct Benefit Transfer has transferred welfare benefits directly to beneficiaries, largely through Jan Dhan accounts, reducing intermediaries and supporting transparent delivery. The Pradhan Mantri Jan Dhan Yojana provides unbanked adults basic accounts without minimum-balance or maintenance-charge requirements, along with RuPay debit cards, accident insurance coverage, and emergency overdraft access. Banking outlets, digital-payment infrastructure, and Bank Mitras extend formal financial services to women, rural and semi-urban communities, strengthening financial inclusion and participation in the formal economy.
August 28, 2026
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Foreign exchange reserves reached a record level, supported by increases in foreign currency assets and gold holdings.
India's foreign exchange reserves increased by USD 12.422 billion to an all-time high of USD 729.328 billion for the week ended 21 August. Foreign currency assets and gold reserves recorded the principal increases, while special drawing rights and the reserve position with the IMF also rose. Foreign currency asset valuation reflects movements in non-US currencies held in the reserves. FCNR(B) and concessional swap arrangements were introduced to attract additional foreign-exchange inflows.
August 28, 2026
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IPO regulatory approval enables Jio Platforms to advance preparations for its proposed fresh equity share public offering.
Jio Platforms Ltd. has obtained Sebi's final observations for its proposed initial public offering. This key regulatory stage enables further preparations for the public issue, subject to applicable regulatory requirements. The proposed offering comprises up to 27 crore fresh equity shares and is expected to account for approximately 2.9 per cent of the company's post-issue equity base.
August 28, 2026
Show AI Summary
Financial inclusion through basic bank accounts expands banking access with no-balance accounts, debit cards, and emergency overdraft support.
Pradhan Mantri Jan Dhan Yojana enables unbanked adults to open basic bank accounts without minimum-balance or maintenance-charge requirements. Accounts include a free RuPay debit card with accident insurance coverage and eligibility for an overdraft facility during emergencies. The scheme promotes digital transactions, financial security and participation in the formal economy, while extending banking access to rural and semi-urban communities and increasing women's financial inclusion.
August 28, 2026
Show AI Summary
Flexible personal loan repayment enables eligible borrowers to select longer tenures, subject to eligibility, terms, verification, and repayment capacity.
Bajaj Finance personal loans offer eligible customers collateral-free borrowing with flexible repayment tenures of 12 to 108 months, subject to eligibility, applicable terms, verification and documentation. A longer tenure may reduce monthly EMIs by spreading repayment over more months, but can increase total interest payable. Borrowers should compare the interest rate, tenure, EMI, processing charges and other costs, while considering their income, existing commitments and repayment capacity. Loan Utsav 2026 provides limited-period rewards for eligible customers whose loans are successfully disbursed during the campaign period, subject to applicable terms.
August 28, 2026
Show AI Summary
Digital arrest money laundering investigation tracks cyber-fraud proceeds through layered bank accounts, cash withdrawals, and foreign-exchange conversion.
Arrests under the Prevention of Money Laundering Act form part of an investigation into alleged digital arrest cyber fraud and laundering of fraud proceeds. Funds were reportedly routed through numerous bank accounts, withdrawn in cash, and converted into foreign currency through licensed money changers. The financial trail is linked to commodity trading, travel and foreign-exchange entities allegedly connected with cyber-fraud complaints and first information reports. The inquiry also identified alleged shell or dummy companies using proxy directors to conceal control and facilitate fund movement.
August 28, 2026
Show AI Summary
Foreign exchange intervention and lower crude prices supported rupee appreciation despite a stronger dollar and foreign institutional investor outflows.
Foreign exchange market conditions supported a six-paise appreciation of the rupee against the US dollar at the close of trading. Lower global crude oil prices and Reserve Bank of India intervention to limit significant rupee depreciation contributed to the movement. A marginal strengthening of the US dollar and foreign institutional investor equity outflows continued to exert pressure, while FCNR(B) scheme inflows supported the currency.
August 28, 2026
Show AI Summary
Cyber fraud impersonating enforcement officials coerced a senior citizen into bank and cryptocurrency transfers through terror-funding threats.
Cyber fraudsters allegedly impersonated public officials and threatened a senior citizen with implication in money laundering, terror funding and cybercrime. Using WhatsApp video calls and purported official notices, they allegedly induced the victim to transfer funds to multiple bank accounts and a cryptocurrency wallet on the pretext of proving innocence. The victim reportedly liquidated fixed deposits and mutual fund investments before identifying the deception and reporting it through the cybercrime helpline. A cyber police case was registered for further investigation.
August 28, 2026
Show AI Summary
Rupee depreciation against US dollar reflects foreign investor outflows and crude supply disruptions, moderated by weaker dollar and oil prices.
Foreign institutional investor outflows and disruptions in global crude oil supplies placed downward pressure on the rupee against the US dollar. A weaker dollar index and lower Brent crude prices moderated the decline. Market commentary anticipated a narrow trading range, with expected Reserve Bank of India protection at the upper end and oil importer, month-end, and importer demand supporting the lower end. Participants also monitored the US Federal Reserve Chair's Jackson Hole speech.
August 27, 2026
Show AI Summary
Emergency flood response measures coordinate rescues, suspend cross-border transport, and address risks to public safety.
Severe flash floods in Nepal and along the Nepal-Tibet border prompted cross-border rescue coordination for missing and stranded persons, warnings of continued downstream flood risk, and international relief support. Preventive public-safety measures included temporary suspension of an Indo-Nepal bus service. Separate developments included disruption of public services during an employee strike, investigation of an aircraft crash, market measures affecting sugar and onion prices, and proposed trade engagement for greater market access for basmati rice and processed food exports.
August 27, 2026
Show AI Summary
Regulatory review of fraud allegations requires timely consideration of representations while merits and standing remain undecided.
SEBI must consider and decide, within two weeks, representations alleging fraud by an Indian logistics company and its subsidiary. The allegations concern systematic over-invoicing of freight charges and forged documentation, with a parallel criminal investigation based on an FIR registered by the Delhi Police Economic Offences Wing. No determination has been made on the merits of the allegations or the complainant's standing to approach SEBI. The allegations and criminal proceedings were disclosed in IPO offer documents.
August 27, 2026
Show AI Summary
Personal insolvency repayment plans test creditor voting thresholds, valuation safeguards, and limits on commercial review under insolvency law.
Personal insolvency resolution under the Insolvency and Bankruptcy Code involved approval of a repayment plan providing for payment of Rs 6.25 crore to creditors and Rs 25 lakh towards process costs against admitted creditor claims of about Rs 22,006.57 crore. Objections by dissenting creditors were rejected because they held less than 20 per cent of voting share, while the plan received 80.81 per cent support. Valuation indicated that the personal estate was worth less than the amount offered, and the tribunal declined to replace creditor commercial wisdom or assess settlement adequacy.

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GST Council Decisions - GST on goods and services - Rates, Exemptions, Reverse Charge, Procedural aspects etc.

May 20, 2017

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Updated as on 17-09-2025

56th GST Council meeting as on 03-09-2025

Recommendations of the 56th Meeting of the GST Council

Frequently Asked Questions (FAQs) on the decisions of the 56th GST Council 

The GST Council approved comprehensive tax reforms: rationalising rates into a two-tier structure (standard 18%, merit 5%, limited demerit 40%)

List of Notifications dated 17-9-2025 as per the Decisions in the Meeting

 

55th GST Council meeting as on 21-12-2024

Recommendations of the 55th Meeting of the GST Council

Minutes of the 55th GST Council Meeting - 21-12-2024

 

54th GST Council meeting as on 9-9-2024

Recommendations during 54th meeting of the GST Council

Minutes of the 54th GST Council Meeting - 9-9-2024

 

53rd GST Council meeting as on 22-6-2024

Recommendations of 53rd GST Council Meeting

Minutes of the 53rd GST Council Meeting - 22-6-2024

 

52nd GST Council meeting as on 07-10-2023

Recommendations of 52nd GST Council Meeting

Minutes of the 52nd GST Council Meeting - 7-10-2023

 

51st GST Council meeting as on 02-08-2023

Recommendations of 51st GST Council Meeting

Minutes of the 51st GST Council Meeting - 2-8-2023

 

50th GST Council meeting as on 11-07-2023

Recommendations of 50th GST Council Meeting

Minutes of the  50th GST Council Meeting - 11-7-2023

 

49th GST Council meeting as on 19-02-2023

 Recommendations of 49th GST Council Meeting

Minutes of the 49th GST Council Meeting - 18-2-2023

 

48th GST Council meeting as on 17-12-2022

Recommendations of 48th GST Council Meeting

Minutes of the 48th GST Council Meeting - 17-12-2022

 

47th GST Council meeting as on 28 & 29-06-2022

Recommendations of 47th GST Council Meeting

GST Council defers tax on casinos, lottery

Minutes of the 47th GST Council Meeting - 29-6-2022

 

46th GST Council meeting as on 31-12-2021

Recommendations of 46th GST Council Meeting

Press Briefings - Media outcome 

Minutes of the 46th GST Council Meeting - 31-12-2021

 

45th GST Council meeting as on 17-09-2021

Recommendations of 45th GST Council Meeting - Several people centric decisions taken by GST Council

Press Briefings - Media outcome 

Minutes of the 45th GST Council Meeting - 17-9-2021

 

44th GST Council meeting as on 12-06-2021

Recommendations of 44th GST Council Meeting - Change in GST Rates on goods being used in Covid-19 relief and management

Minutes of the 44th Meeting of the GST Council - 12-6-2021

 

43rd GST Council meeting as on 28-05-2021

Press Briefing - Meeting outcome 

Recommendations of 43rd GST Council meeting

Minutes of the 43rd GST Council Meeting - 28-5-2021

 

42nd GST Council meeting as on 12-10-2020 (Continuation of 05.10.2020 meeting)

Press Briefing - Meeting outcome 

Recommendations of the 42nd GST Council Meeting

Minutes of the 42nd GST Council Meeting - 12-10-2020

 

41st GST Council meeting  as on 27-8-2020

Borrowing options to meet the GST Compensation requirement for 2020-21

Minutes of the 41st GST Council Meeting - 27-8-2020

 

40th GST Council meeting as on 12-06-2020

Recommendations of GST council related to Law & Procedure

Minutes of the 40th GST Council Meeting - 12-6-2020

 

39th GST Council meeting as on 14-03-2020

Recommendations of GST council related to changes in GST rates on supply of goods and services

Recommendations of GST Council related on IT Roadmap

Recommendations of GST council related to law & procedure

Minutes of the 39th GST Council Meeting - 14-3-2020

 

38th GST Council meeting as on 18-12-2019

The revenue trends since inception of GST

GST Council decisions relating to changes in GST rates, exemptions

GST Council’s decisions regarding Law and Procedure related changes

Minutes of the 38th GST Council Meeting - 18-12-2019

 

37th GST Council meeting as on 20-9-2019

GST Rate on Services as Recommended by The GST Council in Its 37th Meeting

GST Rate on Goods as Recommended by The GST Council in Its 37th Meeting

Recommendations approved by the GST Council in its 37th Meeting held on 20.09.2019.

Minutes of the 37th GST Council Meeting - 20-9-2019

 

36th GST Council meeting as on 27-7-2019

36th GST Council Meeting - GST rate on all Electric Vehicles reduced from 12% to 5% and of charger or charging stations for EVs from 18% to 5%

Minutes of the 36th GST Council Meeting - 27-7-2019

 

35th GST Council meeting as on 21-6-2019

35th GST Council Meeting - Council takes various important decisions including extension of the tenure of National Anti-Profiteering Authority by 2 years among others

GST Council decision relating to changes in law and procedure

GST Council decisions on rate changes on supply of good and services

Minutes of the 35th GST Council Meeting - 21-6-2019

 

34th GST Council meeting as on 19-3-2019

Decisions taken by the GST Council in the 34thmeeting held on 19th March, 2019 regarding GST rate on real estate sector

Minutes of the 34th GST Council Meeting - 19-3-2019

 

33rd GST Council meeting as on 24-2-2019

Recommendations of the 33rd GST Council meeting

Minutes of the 33rd GST Council Meeting - 24-2-2019

 

32nd GST Council meeting as on 10-1-2019

Major Decisions taken by the GST Council in its 32nd Meeting held today under the Chairmanship of the Union Minister of Finance & Corporate Affairs, Shri Arun Jaitley

Recommendations made during 32nd Meeting of the GST Council held on 10th January, 2019

Minutes of the 32nd GST Council Meeting - 10-1-2019

 

31st GST Council meeting as on 22-12-2018

Recommendations made during 31st Meeting of the GST Council held on 22nd December, 2018 (New Delhi)-Rate changes

Certain important issues referred by GST Council to various Committees / GoM

Recommendations made during 31st Meeting of the GST Council

Formation of GoM as Recommended by the GST Council in Its 31st Meeting held on 22.12.2018

In-Principle approval given for Law Amendments during 31stMeeting of the GST Council

Minutes of the 31st GST Council Meeting - 22-12-2018

 

30th GST Council meeting as on 28-9-2018 - Video Conferencing

Minutes of the 30th GST Council Meeting - 28-9-2018

 

29th GST Council meeting as on 4-8-2018

Minutes of the 29th GST Council Meeting - 4-8-2018

 

28th GST Council meeting as on 21-7-2018

Recommendations on opening of migration window for tax payers till 31st August, 2018

Recommendations made during the 28thmeeting of the GST Council held in New Delhi on 21st 2018

GST council approves Simplified GST Return

GST rate on Services

GST Council recommends GST rates reduction on several goods & for specified handicraft items

Finance Minister Piyush Goyal addresses media after 28th GST council meet

Minutes of the 28th GST Council Meeting - 21-7-2018

 

27th GST Council meeting as on 4-5-2018

GST Council approves principles for filing of new return design based on the recommendations of the Group of Ministers on IT simplification

Change in the shareholding pattern of GSTN

27th GST council meeting discusses change in GST rate for digital transactions and imposition of Sugar Cess

Minutes of the 27th GST Council Meeting - 4-5-2018

 

26th GST Council meeting as on 10-3-2018

Recommendationsregarding Data Analytics made during the 26th meeting of the GST Council

Recommendations regarding E-way Bill made during meeting of the GST Council

Recommendations made during the 26th meeting of the GST Council held in New Delhi Today

26th Meeting of the GST Council meets & decides Extension of tax exemptions for exporters for six months

Minutes of the 26th GST Council Meeting - 10-3-2018

 

25th GST Council meeting as on 18-1-2018

Press Release / FM's media briefing

Policy Changes recommended by the 25th GST Council Meeting

Recommendations for Changes In GST/IGST Rate and Clarifications in Respect of GST Rate on Certain Goods -As per discussions held in the 25thGST Council Meeting

Recommendations made on GST Rate changes on services by the 25th GST Council Meeting

Minutes of the 25th GST Council Meeting - 18-1-2018

 

24th GST Council meeting as on 16-12-2017

Inter-State e-way Bill to be made compulsory from 1st of February, 2018

Minutes of the 24th GST Council Meeting - 16-12-2017

 

23rd GST Council meeting as on 10-11-2017

Facilitative measures for taxpayers

GST Rate changes by the GST Council

Composition Scheme on the basis of discussions

Minutes of the 23rd GST Council Meeting - 10-11-2017

 

22nd GST Council meeting as on 6-10-2017

GST - Changes in Rate of tax on Supply of Services - Relief to small taxpayers

Changes in GST Rates for Supply of Goods

Changes in IGST - Exemption on Import of Goods

GST - Relief to Small Tax Payers, Composition scheme, Reverse Charge etc.

Minutes of the 22nd GST Council Meeting - 6-10-2017

 

21st GST Council meeting as on 9-9-2017

GST on certain services to be reduced from 18% to 12% and clarification relating to supply of services (satellite launch services)

CHANGES in RATE ON CERTAIN GOODS and Revised Date Chart for GST Returns for the Month of July 2017

Minutes of the 21st GST Council Meeting - 9-9-2017

 

20th GST council meeting as on 6-8-2017

Decisions in regard to Services taken by the GST Council

Minutes of the 20th GST Council Meeting - 5-8-2017

 

19th GST Council meeting as on 17-7-2017 - Video Conferencing 

Increase in the Compensation Cess rate on cigarettes to make the total tax incidence on cigarettes in GST regime at par with the total tax incidence in pre-GST regime

Minutes of the 19th GST Council Meeting - 17-7-2017

 

18th GST Council meeting as on 30-6-2017

Decision to reduce Tax Rate on Fertilizers from existing 12% to 5 % under GST

Minutes of the 18th GST Council Meeting - 30-6-2017

 

17th GST Council meeting as on 18-6-2017

GST rates on Certain Services and GST rates on supply of lottery

COMPOSITION LEVY AND GST RATE ON CERTAIN GOODS

Minutes of the 17th GST Council Meeting - 18-6-2017

 

16th GST council meeting as on 11-6-2017

REVISED THRESHOLD LIMIT FOR COMPOSITION LEVY

IGST Exemption under GST

REVISED GST RATE FOR CERTAIN GOODS

Decisions in regard to Services taken by the GST Council

 

15th GST council meeting as on 3-6-2017

GST Rate Schedule on Goods - 3-6-2017

Addendum to GST rate schedule - 3-6-2017

IGST - Exemption / Concession list - 3-6-2017

Minutes of the 15th GST Council Meeting - 3-6-2017

 

14th GST council meeting as on 18-19-5-2017

GST Rate schedule for Goods  - 18-5-2017

GST Cess Rates - 18-5-2017

Addendum to GST rate schedule - 22-5-2017

Minutes of the 14th GST Council Meeting - 19-5-2017

 

13th GST council meeting as on 31-3-2017

Minutes of the 13th GST Council Meeting - 31-3-2017

 

12th GST council meeting as on 16-3-2017

Minutes of the 12th GST Council Meeting - 16-3-2017

 

11th GST council meeting as on 4-3-2017

Minutes of the 11th GST Council Meeting - 4-3-2017

 

10th GST council meeting as on 18-2-2017

Minutes of the 10th CST Council Meeting - 18-2-2017

 

9th GST council meeting as on 16-1-2017

Minutes of the 9th CST Council Meeting - 16-1-2017

 

8th GST council meeting as on 4-1-2017

Minutes of the 8th CST Council Meeting - 4-1-2017

 

7th GST council meeting as on 23-12-2016

Minutes of the 7th GST Council Meeting - 23-12-2016

 

6th GST council meeting as on 11-12-2016

Minutes of the 6th GST Council Meeting - 11-12-2016

 

5th GST council meeting as on 3-12-2016

Minutes of the 5th GST Council Meeting - 3-12-2016

 

4th GST council meeting as on 4-11-2016

Minutes of the 4th GST Council Meeting - 4-11-2016

 

3rd GST council meeting as on 19-10-2016

Minutes of the 3rd GST Council Meeting - 19-10-2016

 

2nd GST council meeting as on 30-9-2016

Minutes of the 2nd GST Council Meeting - 30-9-2016

 

1st GST council meeting as on 23-9-2016

Minutes of the 1st GST Council Meeting - 23-9-2016

 


Services - GST Rates and Exemptions

Service Tax Exemptions to be continued in GST as decided by GST Council

SCHEDULE OF GST RATES FOR SERVICES AS APPROVED BY GST COUNCIL

Classification Scheme for Services under GST

SERVICES UNDER REVERSE CHARGE AS APPROVED BY GST COUNCIL

 

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Acts Income Tax