A 68-year-old Chartered Accountant in Odisha lost Rs 1.5 crore to cyber fraudsters posing as ED and CBI officers, keeping him under a 10-day "digital arrest."
The upcoming Finance Bill 2026 is set to introduce major GST amendments, including fast-track registration within three days and automatic 90% refunds under the inverted duty structure.
LIC CEO announced that the insurer has fully passed on the GST 2.0 exemption benefits to policyholders, making life insurance more affordable.
India’s automobile retail industry achieved a record 40.5% YoY growth in October 2025, driven by GST 2.0 tax cuts, festive demand, and rural recovery.
Principal Commissioner Raman Chopra said India’s next phase of tax reforms will focus on achieving multilateral certainties, simplifying compliance, and deepening taxpayer trust through data-driven and non-intrusive administration.
CBDT has notified tax exemptions for the Haryana Building and Other Construction Workers Welfare Board and Ayodhya Vikas Pradhikaran under Section 10 of the Income-tax Act, recognizing their welfare and development roles.
Insurance agents have approached the Finance Ministry and GST Council after insurers reduced commissions due to loss of input tax credit under GST 2.0. Officials say the matter is a commercial one between insurers and agents, not a GST policy issue.
As per CBDT Notification S.O. 5053(E), a 1% variation is allowed for wholesale trading and 3% for all other cases under Section 92C of the Income Tax Act, ensuring consistency in transfer pricing compliance.
ICAI has submitted detailed recommendations to the Parliamentary panel on the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, aiming to enhance efficiency, reduce delays, and strengthen India's insolvency resolution framework.
The Ministry of Finance authorises Aadhaar-based authentication for the Central KYC Registry, enabling voluntary eKYC verification to simplify financial services, ensure transparency, and strengthen digital governance.
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