India's Insurance Bill proposes raising FDI to 100%, introducing composite licences, and easing capital norms to boost growth and insurance penetration.
India's direct tax collections hit a record Rs 22.26 lakh crore in FY 2024-25 as per CBDT data, with the tax-to-GDP ratio rising to 6.73% and taxpayers exceeding 12 crore.
CBIC issues policy clarification confirming that consolidated GST demand notices for multiple financial years are legally valid under Sections 73 and 74 of the CGST Act.
E-commerce and logistics sector has sought urgent clarification from the Finance Ministry after GST Notification 17/2025 created confusion over the tax treatment of local delivery and GTA services, affecting MSMEs, platforms, and logistics operators.
India's retail sector reported 11% festive-period growth in 2025, with RAI attributing the rise to GST cuts, strong value-driven shopping, and robust demand across grocery, jewellery, footwear and QSR segments.
An Ambur senior citizen claims his bank account was frozen over Rs 1 crore GST fraud committed using his Aadhaar, leaving him unable to access his only pension income.
India’s GST revenues could rise to Rs 4-5 lakh crore a month if loopholes are plugged, SBI's Chief Economic Advisor said, noting strong growth from Rs 1 lakh crore to over Rs 2 lakh crore monthly collections in five years.
Supreme Court strikes down the 25-year experience rule, allowing Chartered Accountants with 10 years' practice to qualify for ITAT Accountant Member posts.
Finance Ministry allows voluntary Aadhaar authentication for PFMS app users with alternative ID options like bank OTP verification.
Solar companies report minimal relief from the GST reduction on modules as restricted ITC claims offset expected savings. Developers say meaningful gains depend on faster refund mechanisms.
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