The Ministry of Heavy Industries has officially announced that it will discontinue issuing GST Concession Certificates for the purchase of vehicles by Persons with Orthopaedic Physical Disability (PwOPD). This decision follows a clarification issued by the Ministry of Finance (Department of Revenue – Tax Research Unit) through …
Following the rollout of recent GST reforms, India’s non-life insurance industry witnessed steady growth in September 2025, driven by improved sentiment in the general and health insurance segments. According to data released by the General Insurance Council (GIC), general insurers’ gross direct premium income rose marginally by …
In the aftermath of the government’s decision to completely remove 18% GST on retail life, health and accident insurance policies, several private insurers have reduced agent commissions by 18%, sparking backlash from distributors who say the move undercuts their livelihood and threatens the insurance outreach network. …
Following the Centre’s landmark decision to waive the 18% GST on individual life and health insurance, the sector is witnessing a strong surge in consumer interest and policy enquiries. The tax exemption, part of the broader GST 2.0 reforms that took effect on September 22, 2025, appears to have …
Finance Minister Nirmala Sitharaman has clarified in Parliament that individual residents living in apartments are not liable to comply with Goods and Services Tax (GST) regulations, even if they pay monthly maintenance fees above Rs 7,500. The compliance responsibility rests solely with the apartment associations, not the …
A new research report released by the State Bank of India (SBI) has spotlighted the rising participation of women in India’s formal economic landscape, with key indicators showing a steady increase in female representation in tax compliance, banking, and business ownership. According to the report, 20% of …
A Chartered Accountants’ Association in Gujarat has written to the state government highlighting allegations that state GST officers are selling confidential return data of traders to their business rivals. The letter, also marked to the Central Government, warns that unless immediate action is taken, this malpractice could undermine trader confidence and …
The Uttar Pradesh Police’s Special Task Force (STF) has dismantled a massive multi-state GST evasion racket by arresting five individuals from Barmer district, Rajasthan. The accused were allegedly running a fraudulent network involving over 100 shell companies registered across Delhi, Rajasthan, Uttar Pradesh and other states …
In a strategic move to recover long-pending tax dues, the Maharashtra state government has proposed a key amendment to its Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act, 2025. The revised provisions aim to unlock an estimated Rs 20,000 to Rs 25,000 crore in …
In a major breakthrough, police have arrested seven individuals allegedly involved in a massive GST tax evasion racket valued at over Rs 524 crore. The scam, which spanned multiple states, was uncovered during an investigation into fraudulent GST registrations and fake business transactions, officials confirmed on …
