GST violations case: Finance ministry refuses to act on insurers' plea, refers matter to Irdai

The insurance industry had approached the revenue department in the first week of April seeking a lenient view of the industry-wide commission practice and not to treat these violations as wilful evasion. In a letter to the department signed by 22 insurers and intermediaries, the industry also sought relief from the frequent summonses and the large penalties imposed.

from Banking/Finance-Industry-Economic Times https://ift.tt/zYWfbR5