CAclubindia News

Tobacco, Cigarettes May Face Additional Tax Over 40% GST, Says CBIC Chief

08 September 2025 at 08:56

Government to impose an additional levy on tobacco and cigarettes to maintain current tax incidence under GST 2.0; ultra-luxury cars to face only 40% tax.

Posted in GST | 402 Views

Food Delivery May Get Costlier as GST 2.0 Brings Delivery Fees Under 18% Tax

08 September 2025 at 08:56

GST 2.0 simplifies tax slabs to 5% and 18% to spur demand, but online food delivery via Zomato, Swiggy may cost Rs 2-2.6 more per order as delivery fees attract 18% GST.

Posted in GST | 1380 Views

GST 2.0: FM Nirmala Sitharaman Says 99% of Goods Now Under 0%, 5% or 18% Slabs

08 September 2025 at 08:56

FM Nirmala Sitharaman says 99% of goods now fall under 0%, 5% or 18% GST slabs, with only 1% taxed as sin goods at 40%. New rates effective from Sept 22, 2025.

Posted in GST | 1914 Views

GST Reforms Simplify Tax Structure, Premature to Fear State Losses: CEA Nageswaran

08 September 2025 at 08:56

CEA V Anantha Nageswaran says GST reforms will boost consumption and it’s premature to assume states will lose revenue. New GST slabs of 5%, 18% and 40% aim to simplify India’s tax regime

Posted in GST | 1095 Views

Broadcasters Miss GST Relief, Industry Seeks 5% Rate

08 September 2025 at 08:55

Despite GST cuts on 400+ items, broadcasters face 18% GST on DTH, IPTV & digital subscriptions. Industry bodies like AIDCF seek 5% relief to ease costs, protect jobs, and support Digital India.

Posted in GST | 195 Views

FM Sitharaman Thanks States for Support in Landmark GST Overhaul

08 September 2025 at 08:50

Finance Minister Nirmala Sitharaman thanks states for supporting GST 3.0 reforms. New two-slab GST rates of 5% and 18% take effect from September 22, 2025, reducing prices on essentials and consumer goods.

Posted in GST | 66 Views

ICAI Opens Multipurpose Empanelment Form (MEF) 2025-26 for Chartered Accountants

08 September 2025 at 08:50

ICAI has hosted the Multipurpose Empanelment Form (MEF) 2025-26 at meficai.org. Members can apply online by September 26, 2025, for empanelment with RBI, NABARD and other authorities.

Posted in Professional Resource | 1974 Views

Excel Utilities for Updated ITR-5, ITR-6, and ITR-7 for AYs 2021-22 & 2022-23 Released

06 September 2025 at 17:13

The Income Tax Department has announced the release of Excel utilities for filing updated returns in ITR-5, ITR-6, and ITR-7 for the Assessment Years 2021-22 and 2022-23

Posted in Income Tax | 129 Views

ITR-5 Offline Utility for AY 2025-26 Now Available for Filing

06 September 2025 at 17:08

The Income Tax Department has released the offline utility for ITR-5 for AY 2025-26, enabling firms, LLPs, AOPs, and trusts to file returns easily.

Posted in Income Tax | 489 Views

GST Overhaul a "Diwali Gift for Green India," Hails Bhupender Yadav

06 September 2025 at 09:52

Union Minister Bhupender Yadav hails Next Gen GST Reforms as “GST Reforms for a Green India,” boosting renewable energy, waste management, and sustainability.

Posted in GST | 261 Views