CAclubindia News

GoM Split on Compensation Cess Mechanism, May Propose Two Alternatives

30 August 2025 at 09:12

The GoM on GST compensation cess is divided. Options include continuing the levy or moving items to regular GST rates. Final decision due by Oct 31.

Posted in GST | 369 Views

GST Council May Hike Tax on Premium EVs to 28%

30 August 2025 at 09:04

The GST Council may raise GST on premium EVs up to 28%, while affordable EVs and buses retain a 5% rate. Final decision expected on Sept 3-4.

Posted in GST | 1641 Views

Finance Ministry Proposes Amendments to Indian Insurance Companies (Foreign Investment) Rules, 2015

30 August 2025 at 08:56

The Finance Ministry has issued draft rules amending Indian Insurance Companies (Foreign Investment) Rules, 2015, aligning with FEMA (NDI) Rules, 2019.

Posted in Community & General | 408 Views

Flipkart Faces Preliminary GST Probe Over Alleged Billing Practices

30 August 2025 at 08:55

Flipkart faces a preliminary GST probe by DGGI for allegedly misclassifying marketplace fees as transport charges to reduce tax liability, says report.

Posted in GST | 315 Views

ICAI President Wins ET Leadership Excellence Award 2025 for Visionary Leadership

30 August 2025 at 08:44

ET Leadership Excellence Award 2025 Honours ICAI President for Vision & Excellence

Posted in Professional Resource | 1 comments | 1149 Views

GoM Recommends Continuing GST Exemption on Handloom Products and Raw Silk

29 August 2025 at 09:16

The Group of Ministers (GoM) on GST rate rationalisation has recommended that the existing nil GST exemption on handloom products and raw silk should continue, offering much-needed relief to artisans and small weavers across the country, officials sa

Posted in GST | 1548 Views

AIDCF Seeks GST Rate Cut on Cable TV Services from 18% to 5%

29 August 2025 at 09:07

The AIDCF has urged the government to reduce GST on cable TV services from 18% to 5%, citing rising costs, shrinking margins and OTT competition. The move, it says, would protect MSMEs, enhance affordability and support Digital India goals.

Posted in GST | 294 Views

GST Council Likely to End Compensation Cess by October 31, Ahead of Deadline

29 August 2025 at 08:52

The GST Council is likely to end compensation cess collection by October 31, 2025, ahead of the March 2026 deadline, as pandemic-era loan repayments near completion.

Posted in GST | 1926 Views

Government May Revive Anti-Profiteering Mechanism Ahead of GST Rate Cuts

29 August 2025 at 08:42

The government may revive an anti-profiteering mechanism with the upcoming GST rate rationalisation, ensuring businesses pass on tax benefits to consumers.

Posted in GST | 1317 Views

GSTN Simplifies Refund Claims Under ASSORD Category with New Functionality

29 August 2025 at 08:34

GSTN simplifies refund claims under the ASSORD category, allowing taxpayers to claim refunds on negative minor head balances even when the overall demand is zero or positive, with auto-populated fields and guided tooltips for ease.

Posted in GST | 1566 Views