CAclubindia News
Insurance Companies Asked to Step Up Outreach After GST Exemption on Life and Health Policies
17 September 2025 at 08:33The Finance Ministry has directed insurance companies to actively promote GST exemption on individual life and health policies. The reform is set to make insurance more affordable, improve financial security and boost insurance penetration across India.
FM Sitharaman: GST Reform Benefits All 140 Crore Indians with Lower Expenses
16 September 2025 at 09:14FM Sitharaman says GST reforms have cut rates, boosted collections to Rs 22 lakh crore and delivered benefits to both 140 crore citizens and State governments.
FMCG Distributors Seek Relief as Aerated Beverages Move to 40% GST
16 September 2025 at 09:03From Sept 22, aerated drinks face a flat 40% GST. Distributors warn of stranded ITC and blocked working capital, urging Finance Ministry intervention.
Income Tax Department Targets CAs in Rs 2000 Crore Political Funding Tax Evasion Case
16 September 2025 at 08:56Jharkhand Income Tax Department seeks CBDT approval to cancel licences of chartered accountants involved in facilitating Rs 2000 crore political funding tax evasion.
GST Chennai Busts Rs 11.90 Crore ITC Fraud in Ambur
16 September 2025 at 08:55GST Chennai Outer Commissionerate arrests man from Ambur for masterminding a Rs 11.90 crore fraudulent ITC racket. Multiple dummy firms and bogus invoices were used to illegally claim input tax credit and action is underway against all involved.
Insurance Amendment Bill 2025: 100% FDI and LIC Reforms Likely This Winter in Parliament
16 September 2025 at 08:55The Insurance Amendment Bill 2025 may be introduced in the Winter Parliament session, allowing 100% FDI in India’s insurance sector and boosting policyholder protection, LIC reforms, and industry growth.
FM Sitharaman Calls GST 2.0 a Victory for Every Citizen
16 September 2025 at 08:55Union Finance Minister Nirmala Sitharaman said GST 2.0 is a victory for all citizens, reducing taxes on 99% of goods, resolving classification disputes, and simplifying compliance from September 22, 2025.
Finance Minister Hails GST 2.0: Faster Refunds, Simpler Compliance, Lower Rates
16 September 2025 at 08:53Finance Minister Nirmala Sitharaman said GST 2.0 has removed classification disputes, simplified rates, cut taxes on 300+ items and introduced faster refunds.
Paper Sector Demands 5% GST on Paper & Paperboard to Avoid Inverted Duty Structure
16 September 2025 at 08:53FTPA has urged the government to rationalise GST on paper and paperboard to a uniform 5% slab, citing inverted duty structure and pressure on MSMEs.
CBIC Clarifies No ITC Reversal on Post-Sale Financial or Commercial Credit Notes
16 September 2025 at 08:53CBIC clarified that buyers will not need to reverse ITC on post-sale financial or commercial credit notes, easing GST compliance for manufacturers, dealers and distributors.
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