CAclubindia News

55th GST Council Meeting: Key Clarifications and Regularizations Announced

29 January 2025 at 09:11

The 55th GST Council meeting, held on December 21, 2024, in Jaisalmer, has introduced crucial clarifications and regularizations to streamline tax compliance and provide relief to various sectors.

Posted in GST | 3765 Views

GST Clarification on Co-Insurance and Reinsurance Commission

29 January 2025 at 09:11

The Central Board of Indirect Taxes and Customs (CBIC) has issued Circular No. 244/01/2025-GST on January 28, 2025, clarifying the GST treatment on co-insurance and reinsurance transactions, based on the 53rd GST Council meeting held on June 22, 2024

Posted in GST | 2703 Views

Union Budget 2025: GST on Health Supplements May Drop from 18% to 5%

29 January 2025 at 09:11

As expectations mount, reports suggest that the Narendra Modi government may consider slashing income tax rates for individuals earning up to ₹15 lakh per annum.

Posted in Union Budget | 1755 Views

Budget 2025-26: Mild Personal Tax Cuts, Concessional Corporate Tax Scheme Likely to Boost Growth

29 January 2025 at 09:04

The upcoming Union Budget 2025-26 is expected to bring mild reductions in personal income tax rates to spur consumption, alongside a concessional corporate tax regime for manufacturing hubs and foreign direct investments (FDIs)

Posted in Union Budget | 366 Views

Kerala GST Department Issues Circular to Streamline Notices Under Sections 73 and 74

29 January 2025 at 08:50

In a bid to ensure uniformity and ease of implementation, the Kerala GST Department has issued Circular No. 3/2025-Kerala SGST dated January 20, 2025.

Posted in GST | 555 Views

Income Tax Rules 2025: Changes to Regulations for IFSC Finance Companies

29 January 2025 at 08:50

In a significant move to streamline tax administration and align with global financial regulations, the Central Board of Direct Taxes (CBDT) issued Notification No. 10/2025 on January 27, 2025.

Posted in Income Tax | 2064 Views

CBDT Notifies Shri Chaitanya Health and Care Trust for Scientific Research Under Section 35(1)(ii)

29 January 2025 at 08:50

In a significant development, the Ministry of Finance through CBDT, has issued Notification No. 11/2025 dated January 27, 2025, approving Shri Chaitanya Health and Care Trust's unit, Bhaktivedanta Hospital & Research Institute in Thane, Maharashtra

Posted in Income Tax | 276 Views

Biometric Aadhaar Authentication Mandatory for GST Registration in Tamil Nadu & Himachal Pradesh

29 January 2025 at 08:49

Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Tamil Nadu and Himachal Pradesh

Posted in GST | 1113 Views

Hospitality Sector Eyes Infrastructure Status, GST Reforms in Upcoming Budget

28 January 2025 at 08:53

India's hospitality industry is setting its sights on transformative reforms to unlock its full potential and compete globally.

Posted in Union Budget | 552 Views

RBI Announces Measures to Boost Liquidity

28 January 2025 at 08:43

On a review of current liquidity and financial conditions, the Reserve Bank has decided to conduct the following operations to inject liquidity into the banking system

Posted in Others | 477 Views