CAclubindia News
GST Relief on Insurance: GoM Seeks Safeguards to Ensure Benefits Reach Policyholders
29 August 2025 at 08:34GoM on Life and Health Insurance, chaired by Bihar Deputy CM Samrat Choudhary, has reached an in-principle agreement to reduce GST on individual insurance policies, with states stressing transparency to ensure benefits reach policyholders.
GCCI Urges FM for Simplified GST Structure, Industry-Specific Guidance Notes
29 August 2025 at 08:34The GCCI has urged FM Sitharaman to simplify GST by merging slabs, correcting inverted duty structures, reducing rates on essentials, and publishing sector-specific guidance notes to ease compliance and boost tax transparency.
CBDT to Finalise Rules for New Income Tax Act, 2025 by Year-End, Digital Data SOP Soon
28 August 2025 at 09:16CBDT is drafting simplified rules and forms under the Income Tax Act, 2025, set to apply from April 1, 2026. A new SOP for digital data handling during surveys and searches will also be released, alongside the introduction of the 'tax year' concept.
ICAI Releases Updated Handbook on GST Exempted Supplies - April 2025 Edition
28 August 2025 at 09:05ICAI has published the 2025 edition of its Handbook on Exempted Supplies under GST, covering latest amendments till April 15, 2025.
GST Refund Relief for Edible Oils Likely on GST Council Agenda, Says Food Secretary
28 August 2025 at 08:58Food Ministry backs edible oil industry's demand to lift GST refund restrictions. GST Council may discuss the issue in its next meeting.
Income Tax Act 2025 Explicitly Empowers Digital Search & Seizure: CBDT Member Clarifies
28 August 2025 at 08:51CBDT Member R.N. Parbat says digital search and seizure under Income Tax Act 2025 is vital to trace hidden income and assets online.
Multiplex Industry Seeks GST Rationalisation on Movie Tickets to Boost Screen Expansion
28 August 2025 at 08:50High GST is hurting multiplex recovery. Exhibitors propose 5% GST on tickets under Rs 300 to drive affordability and cinema screen expansion.
Finance Ministry to Hold Regular Talks with MSMEs to Address Slowing Wage Growth
27 August 2025 at 09:00Amid concerns over slowing wage growth, the Finance Ministry plans regular meetings with MSMEs and industry leaders to help firms scale, boost hiring and support consumption.
Karnataka Commercial Taxes Dept Arrests Fake Bill Trader in Multi-Crore GST ITC Scam
27 August 2025 at 08:54The Karnataka Commercial Taxes Department has arrested Bidar resident Rahul Kishan Rao Kulkarni in Hyderabad for creating fake GST registrations and issuing bogus invoices worth crores to facilitate fraudulent ITC claims.
Finance Ministry Sets Up Forum for Pension Regulatory Coordination and Development
27 August 2025 at 08:51The Finance Ministry has set up a Forum for Regulatory Coordination and Development of Pension Products to harmonize regulations, strengthen consumer protection and boost India’s pension market.
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