News
Troop Bazaar tops in GST evasion in Hyderabad
2+ hour, 51+ min ago (200+ words) GST Recent News - 2026, GST Evasion News Official sources said AI-based monitoring systems were helping the department identify tax evasion patterns and non-filers more effectively. The department has also found several reasons behind the growing number of return defaulters across the…...
Life insurers' new business premium jumps 39% in April on GST boost
3+ week, 4+ day ago (383+ words) GST Recent News - 2026, Insurance Industry News New business premium (NBP) of life insurance companies rose 39 per cent year-on-year (Yo Y) in April to "30, 550. 38 crore, compared to "21, 964. 2 crore in the same period last year, led by strong growth from both state-owned Life…...
Insurance for All: Expanding Coverage, Strengthening Social Security and GST Exemption Boosting Affordability
1+ mon, 1+ week ago (631+ words) GST Press Release, Insurance Industry News Insurance, as a vital component of the financial sector, plays a crucial role in India's economy. Beyond offering protection against life, property, and casualty risks and serving as a'safety net'across both urban and rural…...
GST cut lifts life insurance premium to record Rs 4. 6 lakh crore in FY26
1+ mon, 1+ week ago (550+ words) GST Recent News - 2026, Insurance Industry News The life insurance industry reported a three-fold jump in growth, with new business premium (NBP) rising 16% year-on-year to a record "4. 60 lakh crore in FY26. The growth was primarily driven by the Goods and Services Tax…...
Punjab eateries 'delete' cash bills on app, polish off Rs 100-cr GST collection
2+ mon, 6+ day ago (343+ words) Punjab eateries "delete" cash bills on app, polish off Rs 100-cr GST collection'A2 Z Taxcorp LLP Punjab's "cash-rich" food and beverage sector has not been immune to the Rs 70, 000-crore Pet Pooja GST scam that has rocked India Hundreds of…...
Income Tax Department Detects "408 Crore Sales Suppression in Nationwide Restaurant Survey; Launches "SAKSHAM NUDGE" Campaign Urging 63, 000 Restaurants to Update Returns Before 31 March 2026
2+ mon, 4+ week ago (135+ words) Income Tax Recent News - 2026, Income Tax Press Release - 2026, Income Tax Raid News The Income tax Department carried out investigation relating to tax evasion pattern in Food & Beverage sector in November 2025. During the exercise, it was found that several restaurants were…...
Insurance industry pitches for tax sops in Budget 2026-27, deductions under new tax regime, ITC anomaly fix
4+ mon, 1+ week ago (548+ words) Union Budget 2026-27, GST Recent News - 2026, Insurance Industry News With Budget 2026 approaching, the insurance industry hopes for a hike in tax deductions, extension of tax benefits to the new tax regime for both health and life policies, and a resolution of…...
Budget 2026-27: Experts Call For Tax-Funded Universal Health Care And Better Resources At Government Hospitals
4+ mon, 1+ week ago (345+ words) Income Tax Recent News - 2026, Union Budget 2026-27 "The government should reform PMJAY to include outpatient care, realistic package rates, DBT, copayments, and timely reimbursements," he added. The expert also urged the government "to provide GST exemption on lifesaving equipment, consumables, and…...
GST rejig helps life insurers' new business premium surge 40% in December
4+ mon, 3+ week ago (373+ words) GST Recent News - 2026 According to the Life Insurance Council data, the life insurance industry reported NBP of "42, 150. 8 crore in December, up 39. 5 per cent from "30, 218. 71 crore in the year-ago period. State-owned Life Insurance Corporation (LIC) saw premiums surge 57. 45 per cent Y-o-Y to…...
Input tax credit loss to weigh on life insurers' profitability in Q3 FY26
4+ mon, 3+ week ago (470+ words) GST Recent News - 2026, Insurance Industry News The loss of input tax credit (ITC) following the rationalisation of the goods and services tax (GST) on individual life and health insurance from 18 per cent to nil is likely to weigh on the…...