MCA data shows company registrations up 26% and LLPs 38% in October, driven by GST cuts, festive demand, and strong economic growth.
India's tax reforms from SEP to VDA taxation show global leadership in fair, transparent, and equitable digital economy taxation, says CBDT official.
DGGI Bhubaneswar has arrested Mumbai-based chartered accountant Nilesh Yogesh Jigiwala for allegedly masterminding a Rs 325 crore GST fraud. He reportedly operated over 105 shell companies to generate fake ITC and help large firms claim illegal subsidies.
A 68-year-old Chartered Accountant in Odisha lost Rs 1.5 crore to cyber fraudsters posing as ED and CBI officers, keeping him under a 10-day "digital arrest."
The upcoming Finance Bill 2026 is set to introduce major GST amendments, including fast-track registration within three days and automatic 90% refunds under the inverted duty structure.
LIC CEO announced that the insurer has fully passed on the GST 2.0 exemption benefits to policyholders, making life insurance more affordable.
India’s automobile retail industry achieved a record 40.5% YoY growth in October 2025, driven by GST 2.0 tax cuts, festive demand, and rural recovery.
Principal Commissioner Raman Chopra said India’s next phase of tax reforms will focus on achieving multilateral certainties, simplifying compliance, and deepening taxpayer trust through data-driven and non-intrusive administration.
CBDT has notified tax exemptions for the Haryana Building and Other Construction Workers Welfare Board and Ayodhya Vikas Pradhikaran under Section 10 of the Income-tax Act, recognizing their welfare and development roles.
Insurance agents have approached the Finance Ministry and GST Council after insurers reduced commissions due to loss of input tax credit under GST 2.0. Officials say the matter is a commercial one between insurers and agents, not a GST policy issue.
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