CAclubindia News
Finance Bill 2026 to Propose Fast-Track GST Registration, 90% Auto Refunds for Businesses
10 November 2025 at 06:32The 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 Passes On Full GST Exemption Benefit to Policyholder: Net Profit Rises to Rs 10,053 Crore
10 November 2025 at 06:32LIC CEO announced that the insurer has fully passed on the GST 2.0 exemption benefits to policyholders, making life insurance more affordable.
Auto Retail Sales Surge 40.5% in October, Led by Rural Demand and Tax Relief Under GST 2.0
10 November 2025 at 06:32India’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.
CBDT Official Highlights India's Commitment to Multilateral Tax Certainty and Simplified Compliance
08 November 2025 at 09:28Principal 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 Grants Income Tax Exemptions to Haryana Construction Workers Welfare Board and Ayodhya Development Authority
08 November 2025 at 09:19CBDT 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.
GST 2.0 Impact: Insurers Slash Agent Commissions as ITC Withdrawal Raises Costs
08 November 2025 at 06:31Insurance 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.
CBDT Notifies 1% and 3% Arm's Length Price Tolerance for AY 2025-26
08 November 2025 at 06:31As 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 Submits Recommendations on IBC Amendment Bill, 2025 to Parliamentary Panel
07 November 2025 at 09:22ICAI 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.
Finance Ministry Authorises Aadhaar Authentication for Central KYC Registry to Enhance Transparency and Ease of Access
07 November 2025 at 06:32The 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.
GST Team Monitors Horse Sales at Pushkar Fair as 5% Tax Applies for the First Time on Transactions Above Rs 40 Lakh
07 November 2025 at 06:32For the first time, GST officials monitored horse sales at Rajasthan's Pushkar Fair, applying 5% GST on transactions above Rs 40 lakh. Authorities said no horse has sold beyond Rs 10 lakh despite viral social media claims.
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