CAclubindia News
Finance Ministry Revives Plan to Merge Three PSU General Insurers
26 November 2025 at 06:21The Finance Ministry is reassessing the long-pending merger of Oriental Insurance, National Insurance and United India Insurance after their financial health improved following major capital infusions.
India's FMCG Market Rebounds in October as GST Cuts Lift Demand
26 November 2025 at 06:21India's FMCG market saw a strong rebound in October 2025 with value growth rising to 6.8%, driven by GST cuts and improving urban demand.
CGST Busts Rs 350 Crore Fake GST Invoice Racket in Chennai
25 November 2025 at 06:40CGST officials in Chennai have busted an inter-state fake GST invoice racket involving 12 entities, confirming Rs 50.85 crore tax evasion with total fraud estimated to exceed Rs 350 crore.
GST Authorities Arrest Copper Wire Unit MD for Rs 35 Crore Tax Evasion in Chennai
25 November 2025 at 06:16CGST Chennai North arrests MD of a copper wire firm for Rs 34.81 crore GST evasion after uncovering unaccounted sales and incriminating digital and cash records.
Supreme Court Issues Notice on Plea Challenging Income Tax Exemption for Cash Political Donations up to Rs 2000
25 November 2025 at 06:16The Supreme Court has issued notice on a petition challenging Section 13A(d) of the Income Tax Act, which allows political parties to accept cash donations up to Rs 2,000 without revealing donor identity.
Insurance Reforms Get Big Push as Centre Moves to Raise FDI Cap to 100% in Winter Session of Parliament
25 November 2025 at 06:16India's Insurance Bill proposes raising FDI to 100%, introducing composite licences, and easing capital norms to boost growth and insurance penetration.
CBDT Releases Time Series Data for FY 2000-01 to FY 2024-25: Direct Tax Collections Jump to Rs 22.26 Lakh Crore
24 November 2025 at 06:57India's direct tax collections hit a record Rs 22.26 lakh crore in FY 2024-25 as per CBDT data, with the tax-to-GDP ratio rising to 6.73% and taxpayers exceeding 12 crore.
CBIC Clarifies Legality of Consolidated GST Demand Notices Across Multiple Financial Years
24 November 2025 at 06:21CBIC issues policy clarification confirming that consolidated GST demand notices for multiple financial years are legally valid under Sections 73 and 74 of the CGST Act.
E-commerce Sector Seeks Urgent Clarity on New GST Rules for Local Delivery Services
24 November 2025 at 06:21E-commerce and logistics sector has sought urgent clarification from the Finance Ministry after GST Notification 17/2025 created confusion over the tax treatment of local delivery and GTA services, affecting MSMEs, platforms, and logistics operators.
Festive Retail Sales Rise 11% as GST Cuts Boost Value Shopping
24 November 2025 at 06:21India's retail sector reported 11% festive-period growth in 2025, with RAI attributing the rise to GST cuts, strong value-driven shopping, and robust demand across grocery, jewellery, footwear and QSR segments.
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