News
Punjab eateries 'delete' cash bills on app, polish off Rs 100-cr GST collection
7+ hour, 28+ min ago (343+ words) Punjab eateries "delete" cash bills on app, polish off Rs 100-cr GST collection'A2Z Taxcorp LLP Punjab's "cash-rich" food and beverage sector has not been immune to the Rs 70,000-crore PetPooja GST scam that has rocked India Hundreds of restaurants in…...
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
3+ week, 1+ day 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
2+ mon, 3+ day 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
2+ mon, 4+ day 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
2+ mon, 2+ 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 Q3FY26
2+ mon, 2+ 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…...
GST exemption boosts life insurance sales 21% in Oct-Nov 2025, margins face ITC hit
2+ mon, 3+ week ago (447+ words) GST Recent News - 2026, Insurance Industry News India's private life insurers saw a 21 percent year-on-year growth in October'November 2025 volumes after the goods and services tax (GST) exemption revived demand. However, the non-availability of Input Tax Credit (ITC) will cause insurers 200-300 bps…...