CAclubindia News


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 |   2679 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 |   1686 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 |   549 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 |   2046 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 |   273 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 |   546 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 |   474 Views


GST Portal Activates LUT Filing for FY 2025-26: Ensure Seamless Exports Without IGST

   28 January 2025 at 08:37

The GST Portal has now enabled the functionality to file the Letter of Undertaking (LUT) for the Financial Year 2025-26.

Posted in GST |   3171 Views