CAclubindia News

CBDT Clarifies Gold Jewellery Limits: Pune Households Must Know

09 October 2025 at 06:49

CBDT clarifies how much gold jewellery you can legally own without risking seizure during income tax searches. Learn safe limits for men, married and unmarried women in Pune, documentation rules for excess holdings, and tax implications when selling gold.

Posted in Income Tax | 3762 Views

GST 2.0 Reforms Boost India's Growth, World Bank Projects 6.5% GDP for FY26

09 October 2025 at 06:49

The World Bank has revised India's GDP forecast for FY26 to 6.5%, citing strong domestic demand, rural recovery, and GST 2.0 reforms. Q1 FY26 GDP grew 7.8%, making India the fastest-growing major economy. U.S. tariffs could pose a risk in FY27.

Posted in GST | 138 Views

CBIC introduces system-based auto-approval for IFSC code registration to enhance Ease of Doing Business

08 October 2025 at 07:09

CBIC introduces system-based auto-approval for IFSC code registration under IEC to streamline Customs procedures, eliminate manual intervention, and ensure faster credit of export incentives enhancing ease of doing business and trade efficiency in India.

Posted in Custom | 222 Views

GST Marks 8 Years of Transformative Journey: Key Insights from the Official Statistical Report

08 October 2025 at 06:40

As GST marks its 8th anniversary, the GST Network (GSTN) releases "8 Years of GST: Years of Commitment," a detailed report showcasing India’s progress under the tax reform.

Posted in GST | 1506 Views

ICAI Invites Empanelment of Members to Act as Observers for CA Exams January 2026

08 October 2025 at 06:40

ICAI has invited empanelment of members to act as Observers for the Chartered Accountants Examinations, January 2026. Eligible members can apply online from October 8 to November 7, 2025, and will receive an honorarium of Rs 3750 per day.

Posted in Students | 2358 Views

GST Reduction Boosts Auto Sales, Consumers in Food and Medicine Categories See Limited Relief

08 October 2025 at 06:40

While GST rate cuts boost auto sales, only a fraction of consumers benefit in packaged foods and medicines. LocalCircles urges govt action to ensure full pass-through.

Posted in GST | 135 Views

IRDAI Likely to Review GST ITC Impact on Insurance Distributor Payouts

08 October 2025 at 06:40

Private insurers cut agent payouts by 15–18% to offset GST ITC loss, while LIC and public insurers maintain commissions. Agents seek intervention from IRDAI and Finance Ministry.

Posted in GST | 1470 Views

India's Fiscal Deficit on Track for FY26, but Slowing Tax Revenues Raise Concerns

08 October 2025 at 06:40

India is on track to meet its FY26 fiscal deficit target of 4.4% of GDP, but slowing income tax and GST revenues raise concerns. Analysts flag risks amid government borrowing plans and expenditure trends.

Posted in Income Tax | 183 Views

Kerala Traders Raise Concerns Over GST Exemptions Favoring Large Corporates

07 October 2025 at 05:51

Traders in Kerala have expressed concern that the recent GST exemptions may be benefiting large corporates at the expense of small and medium trading establishments. The State President of Kerala Vyapari Vyavasayi Ekopana Samithi and National Secreta

Posted in GST | 360 Views

State GST Raids 20 Companies in Jamnagar, Tax Evasion of Rs 80 Crore Unearthed

07 October 2025 at 05:51

State GST raids 20 Jamnagar firms and a CA for tax evasion over Rs 80 crore; investigations reveal billing scam, more details expected after document review.

Posted in GST | 579 Views