CAclubindia News

GST-Free Insurance Fuels Demand: 61% Surge in Enquiries Post GST Waiver on Insurance Premiums

07 October 2025 at 05:51

GST waiver on life and health insurance sparks 61% surge in enquiries; insurers pass full benefits to customers, making coverage more affordable.

Posted in GST | 1011 Views

GST Exemption on Insurance Premiums Triggers 18% Commission Cut by Insurers

07 October 2025 at 05:51

After the government removed 18% GST on life, health, and accident insurance, major insurers slashed distributor commissions by 18% to offset loss of input tax credit (ITC). Agents warn the move could weaken insurance distribution and hurt penetration.

Posted in GST | 426 Views

CA and Advocate Arrested in Rs 79.18 Crore GST Evasion Case

07 October 2025 at 05:51

DGGI officials arrested a chartered accountant and an advocate from Sonepat for a Rs 79.18 crore GST evasion scam involving fake ITC claims. In a separate case, a Kanpur court denied bail to a Bengaluru man accused of ₹85 crore corporate forgery.

Posted in GST | 3669 Views

IT Department Releases Updated ITR-5 and ITR-6 Utilities for AY 2025-26

06 October 2025 at 07:14

CBDT releases updated ITR-5 and ITR-6 utilities for AY 2025-26 on Oct 2, 2025, improving accuracy, validation, and ease of income tax filing.

Posted in Income Tax | 234 Views

FM Sitharaman Unveils Financial Awareness Drive to Reunite Citizens with Unclaimed Deposits Worth Rs 75,000 Crore

06 October 2025 at 07:14

FM Nirmala Sitharaman launches "आपकी पूँजी, आपका अधिकार" campaign to help citizens trace and reclaim unclaimed deposits, insurance, and mutual fund balances.

Posted in Community & General | 1170 Views

V-Mart Bets Big on Rs 1000 Apparel Line After GST Cuts Spur Consumer Demand

06 October 2025 at 07:14

V-Mart to expand its Rs 1,000 apparel range as GST 2.0 cuts tax to 5% on clothes below Rs 2,500, boosting demand in India's value retail market.

Posted in GST | 183 Views

Navratri Sales Hit 10-Year High as GST Cuts Fuel Festive Shopping Surge

06 October 2025 at 07:14

India's festive season witnessed a remarkable rebound this year, with Navratri sales reaching a 10-year high, driven largely by the recent GST rate cuts and improved consumer sentiment, according to government officials.

Posted in GST | 231 Views

Paper Traders Warn of ITC Blockage and Rising Costs, Seek 5% Uniform GST Rate

06 October 2025 at 07:14

Indore Paper Traders urge govt to fix GST anomalies by introducing a uniform 5% rate on all paper products to ease compliance and boost competitiveness.

Posted in GST | 1839 Views

Centre Steps Up Action to Protect Consumers from GST Mispricing

06 October 2025 at 07:14

The Consumer Affairs Ministry has resolved 3,981 GST complaints, ensuring rate cut benefits reach consumers and monitoring e-commerce pricing compliance.

Posted in GST | 1482 Views

CBIC Issues Instruction on Risk-Based Provisional Refund Sanction Under GST

04 October 2025 at 07:14

CBIC issues Instruction No. 06/2025-GST on risk-based provisional refund sanction, allowing 90% refund for low-risk cases from October 1, 2025, to streamline GST compliance and trade facilitation.

Posted in GST | 2562 Views