GST News
FM Sitharaman Calls GST 2.0 a Victory for Every Citizen
16 September 2025 at 08:55Union Finance Minister Nirmala Sitharaman said GST 2.0 is a victory for all citizens, reducing taxes on 99% of goods, resolving classification disputes, and simplifying compliance from September 22, 2025.
Finance Minister Hails GST 2.0: Faster Refunds, Simpler Compliance, Lower Rates
16 September 2025 at 08:53Finance Minister Nirmala Sitharaman said GST 2.0 has removed classification disputes, simplified rates, cut taxes on 300+ items and introduced faster refunds.
Paper Sector Demands 5% GST on Paper & Paperboard to Avoid Inverted Duty Structure
16 September 2025 at 08:53FTPA has urged the government to rationalise GST on paper and paperboard to a uniform 5% slab, citing inverted duty structure and pressure on MSMEs.
CBIC Clarifies No ITC Reversal on Post-Sale Financial or Commercial Credit Notes
16 September 2025 at 08:53CBIC clarified that buyers will not need to reverse ITC on post-sale financial or commercial credit notes, easing GST compliance for manufacturers, dealers and distributors.
GST 2.0: CBIC Promises Quick Refunds to Address Inverted Duty Structure for Fertilizer Industry
16 September 2025 at 08:52CBIC has assured IMMA and FAI that a speedy refund mechanism will be notified under GST 2.0 to ease the burden of the inverted duty structure faced by micronutrient manufacturers.
Fertiliser and Tractor Industry Flag GST Transition Concerns in Meeting with CBIC
15 September 2025 at 08:38Agriculture industry flags ITC blockage and tax inversion after GST cuts on fertilisers; CBIC assures possible relief to ensure benefits reach farmers.
CBIC Issues Clarification on GST Treatment of Post-Sale Discounts
15 September 2025 at 08:36CBIC clarifies GST on post-sale discounts: routine trade discounts won't attract GST, while dealer-linked promotional services under agreements will be taxable...
ED Uncovers Multi-Crore Fake ITC Scam, Big MNCs Under Lens
15 September 2025 at 08:32ED probe into a multi-crore fake ITC racket reveals MNC beneficiaries, bogus invoicing, and GST misuse across states; assets seized and probe ongoing.
GST Rate Cuts Spark Optimism for Auto and Consumer Durables Sectors
15 September 2025 at 08:31GST rate cuts deliver a boost to automobiles and consumer durables, with analysts expecting revived demand, lower prices and stronger festive season sales.
CBIC Clarifies GST Applicability on Post-Sale Discounts by Manufacturers to Dealers
15 September 2025 at 08:30CBIC clarifies GST on post-sale discounts: routine trade discounts to dealers won’t attract GST, but promotional service-linked discounts will. The move reduces disputes, eases compliance, and aligns GST rules with commercial practices.
Popular News
- Centre Tightens GST E-Way Bill Rules After CAG Highlights Technical Loopholes
- ICAI Clears Advertising for CA Firms, Approves Global Networking Rules; UDIN Crosses 10 Crore
- Income Tax Disputes Cross 5 Lakh Cases: Centre Shares Five-Year Pendency Data
- GSTN Releases Additional FAQs for GSTR-9 & 9C: Key Clarifications for FY 2024-25
- Major GST Rule 10A Change: Registration to Be Automatically Suspended If Bank Details Not Furnished in 30 Days
Trending Online Classes
-
All Subjects Combo (Regular Batch) Jan & May 26
CA Hardik Manchanda,CS Arjun Chhabra & Prof. Akash Agrawal
CAclubindia
