CAclubindia News
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.
CBIC Notifies New Regulations on Finalisation of Provisional Customs Assessments
15 September 2025 at 08:39CBIC notifies Customs (Finalisation of Provisional Assessment) Regulations, 2025, introducing strict timelines, compliance rules, and streamlined procedures for duty finalisation.
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.
MCA Widens the Scope of Fast Track Mergers under the Companies Act, 2013
13 September 2025 at 09:14The Ministry of Corporate Affairs has expanded the scope of Fast Track Mergers under Section 233 of the Companies Act, 2013.
GST Rate Cuts: Food Industry Titans Promise Lower Prices for Consumers
13 September 2025 at 09:10Top food industry leaders including Amul, Britannia, Coca-Cola, PepsiCo and ITC pledge to pass on GST benefits to consumers under Next-Gen GST reforms.
ED Conducts Multi-State Raids in Rs 650 Crore Fake ITC Scam
13 September 2025 at 09:02ED raids across five states in Rs 650 crore fake Input Tax Credit scam. Firms accused of bogus GST invoices to launder money. Crackdown follows earlier Rs 750 crore ITC fraud probe linked to shell companies.
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