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Centre Rules Out Compensation to States for GST Rate Cuts, Says FM Sitharaman
20 September 2025 at 07:33FM 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.
GST Revenues Hold Steady at 6.7% of GDP Despite Rate Cuts
20 September 2025 at 07:27India’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.
GST Reforms to Inject Rs 2 Lakh Crore Into Economy, Says FM Sitharaman
20 September 2025 at 07:13FM 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.
Centre Warns Traders to Pass on GST 2.0 Benefits or Face Penalty
20 September 2025 at 07:01Centre warns traders to pass on GST 2.0 rate cut benefits to customers or face penalty. Govt may revive anti-profiteering provisions under Section 171.
CGST Ludhiana Cracks Rs 455 Crore Fake GST Invoice Racket, Two Arrested
20 September 2025 at 06:41CGST Ludhiana unearthed a fake GST invoice racket worth Rs 455 crore, arresting a father-son duo for availing bogus ITC of Rs 69.41 crore. Investigation continues.
ICAI Announces Revised Schedule for Sept 2025 CA Exams in Kathmandu, Nepal
20 September 2025 at 06:41ICAI has rescheduled CA Final and Intermediate exams in Kathmandu, Nepal. Check revised October 2025 dates, timings, venue and key details for candidates.
ICAI Provides Relaxation in Compliance of Guidance Notes for Annual Reporting Period 2024-25
20 September 2025 at 06:41ICAI announces relaxation for non-corporate entities and LLPs, making compliance with new financial statement guidance notes voluntary for FY 2024-25. Accounting Standards remain unaffected.
CBIC Releases FAQs-3 on GST Rate Changes and Notifications Effective September 22, 2025
19 September 2025 at 09:17CBIC issued FAQs-3 on September 18, 2025, clarifying new GST notifications released a day earlier. The update explains revised CGST rates, exemptions, handicraft tax treatment and compensation cess changes, effective from September 22, 2025.
GST Cut on Tractors and Agricultural Equipment: Govt to Ensure Farmers Get Full Benefit
19 September 2025 at 09:08Union Agriculture Minister Shivraj Singh Chouhan will meet tractor and farm machinery associations in New Delhi to discuss GST reforms.
GST on Renewable Energy Devices Rationalised to 5%
19 September 2025 at 09:01India has slashed GST on renewable energy devices from 12% to 5% to make solar panels, rooftop systems and pumps cheaper.
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