CAclubindia News

Corrections Made to GST Notifications on Services Ahead of Sept 22 Rollout

22 September 2025 at 08:36

The Ministry of Finance (Department of Revenue) has issued a set of corrigenda on September 19, 2025, making textual corrections to the GST rate and exemption notifications on services that were originally released on September 17, 2025. The corrigen

Posted in GST | 13620 Views

GST Rate Cut to Lower Prices on Medicines, Groceries and Cars from September 22

22 September 2025 at 08:35

India’s biggest GST price reset takes effect from September 22, 2025. Retailers, chemists, FMCG distributors, and auto dealers are rushing to update systems, relabel goods and pass on lower prices to consumers across medicines, groceries, and cars.

Posted in GST | 267 Views

IRCTC Reduces Packaged Drinking Water Prices from September 22

22 September 2025 at 08:32

From September 22, 2025, Indian Railways will reduce the price of packaged drinking water. A 1-litre bottle will cost Rs 14 instead of Rs 15, and 500ml bottles Rs 9 instead of Rs 10, applicable to Rail Neer and all IRCTC-approved brands.

Posted in GST | 174 Views

GST 2.0 to Ease Tax Burden, Empower MSMEs and Strengthen Formal Economy

22 September 2025 at 08:29

GST 2.0 will ease tax burden on households, empower MSMEs, and accelerate India’s formalisation drive. A FICCI report says more items will move to the 5% tax slab, reducing effective GST rates and boosting disposable incomes.

Posted in GST | 105 Views

Direct Tax Collections Rise 9% to Rs 10.82 Lakh Crore in FY26 So Far

20 September 2025 at 08:58

India’s net direct tax collections rose 9% to Rs 10.82 lakh crore till Sept 17, 2025. Corporate and non-corporate tax payments drove growth, while refunds fell nearly 24%.

Posted in Income Tax | 135 Views

CBIC Clarifies Price Revision Rules After GST 2.0, Newspaper Ads Waived

20 September 2025 at 08:19

CBIC FAQ-4 clarifies revised MRP rules after GST cuts. Newspaper ads waived; manufacturers must send circulars to dealers and ensure price compliance at retailer level.

Posted in GST | 507 Views

Finance Ministry Issues Corrigenda to GST Rate Notifications

20 September 2025 at 07:49

Finance Ministry issues corrigenda to GST rate notifications dated Sept 17, 2025, correcting minor errors in Central, Integrated and UT Tax rate entries.

Posted in GST | 2379 Views

Centre Rules Out Compensation to States for GST Rate Cuts, Says FM Sitharaman

20 September 2025 at 07:33

FM Nirmala Sitharaman rules out compensation to states for GST rate cuts, says revenue loss is shared equally. GST 2.0 to inject Rs 2 lakh crore into the economy from September 22.

Posted in GST | 105 Views

GST Revenues Hold Steady at 6.7% of GDP Despite Rate Cuts

20 September 2025 at 07:27

India’s GST revenues have rebounded after past rate cuts, with the GST-to-GDP ratio stabilising at 6.7%. Economists say GST 2.0 may cause a short dip but boost compliance and growth in the medium term.

Posted in GST | 129 Views

GST Reforms to Inject Rs 2 Lakh Crore Into Economy, Says FM Sitharaman

20 September 2025 at 07:13

FM Nirmala Sitharaman says new GST reforms will inject ₹2 lakh crore into the economy, cut rates, ease compliance, and boost Bengal’s handicrafts, tea, jute and garment sectors ahead of Durga Puja.

Posted in GST | 99 Views