CAclubindia News
GST Marks 8 Years of Transformative Journey: Key Insights from the Official Statistical Report
08 October 2025 at 06:40As 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.
ICAI Invites Empanelment of Members to Act as Observers for CA Exams January 2026
08 October 2025 at 06:40ICAI 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.
GST Reduction Boosts Auto Sales, Consumers in Food and Medicine Categories See Limited Relief
08 October 2025 at 06:40While 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.
IRDAI Likely to Review GST ITC Impact on Insurance Distributor Payouts
08 October 2025 at 06:40Private 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.
India's Fiscal Deficit on Track for FY26, but Slowing Tax Revenues Raise Concerns
08 October 2025 at 06:40India 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.
Kerala Traders Raise Concerns Over GST Exemptions Favoring Large Corporates
07 October 2025 at 05:51Traders 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
State GST Raids 20 Companies in Jamnagar, Tax Evasion of Rs 80 Crore Unearthed
07 October 2025 at 05:51State 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.
GST-Free Insurance Fuels Demand: 61% Surge in Enquiries Post GST Waiver on Insurance Premiums
07 October 2025 at 05:51GST waiver on life and health insurance sparks 61% surge in enquiries; insurers pass full benefits to customers, making coverage more affordable.
GST Exemption on Insurance Premiums Triggers 18% Commission Cut by Insurers
07 October 2025 at 05:51After 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.
CA and Advocate Arrested in Rs 79.18 Crore GST Evasion Case
07 October 2025 at 05:51DGGI 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.
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