Lok Sabha passes Insurance Law Amendment Bill 2025 allowing 100% FDI in insurance, strengthening IRDAI powers, boosting competition, capital inflows and policyholder protection.
No new GoM planned on GST revenue losses as Centre admits rate rationalisation may leave states with Rs 47,700 crore net shortfall.
GST on readymade garments priced above Rs 2500 has been increased to 18% from September 22, 2025, while items up to Rs 2500 now attract 5%, the government told Lok Sabha.
Kanpur police and State Tax department arrest four for Rs 37.87 crore GST evasion involving fake firms and bogus sales exceeding Rs 210 crore.
GST automation, e-invoicing and AI tools have reduced tax evasion, improved revenue buoyancy and boosted investor confidence, the government told Lok Sabha.
More than 10,000 fraudulent GST registrations using forged PAN and Aadhaar detected in last 2.5 years, involving Rs 31,000+ crore tax evasion, govt tells Lok Sabha.
ICAI has released the updated UDIN Portal Manual (Version 1.2) with key changes in UDIN generation, PAN validation, bulk UDIN, grievance redressal and real-time verification. Know what's new.
The Income Tax Department cautions taxpayers against fake refund messages and malicious links, advising citizens to rely only on official e-filing portals and authenticated communication channels to avoid online scams.
The Government reiterates its commitment to MSME growth with over 7.28 crore enterprises registered on the Udyam Portal, including 2.86 crore women-led MSMEs, backed by digitisation, single-window clearances, and Ease of Doing Business reforms.
CBDT issues a December 2025 notification reallocating jurisdiction of Commissioners of Income Tax (Appeals) for search, seizure, survey, and penalty cases across India, impacting appeals under Sections 246A and 248 of the Income tax Act.
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