Private 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 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.
Traders 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 Jamnagar firms and a CA for tax evasion over Rs 80 crore; investigations reveal billing scam, more details expected after document review.
GST waiver on life and health insurance sparks 61% surge in enquiries; insurers pass full benefits to customers, making coverage more affordable.
After 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.
DGGI 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.
CBDT releases updated ITR-5 and ITR-6 utilities for AY 2025-26 on Oct 2, 2025, improving accuracy, validation, and ease of income tax filing.
FM Nirmala Sitharaman launches "आपकी पूँजी, आपका अधिकार" campaign to help citizens trace and reclaim unclaimed deposits, insurance, and mutual fund balances.
V-Mart to expand its Rs 1,000 apparel range as GST 2.0 cuts tax to 5% on clothes below Rs 2,500, boosting demand in India's value retail market.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
