CAclubindia News

GST Burden on Private Security Firms Unjust, Says CAPSI in Letter to PM Modi

23 August 2025 at 09:17

CAPSI urges PM Modi to review 18% GST on private security services, citing RCM disparity that impacts MSMEs and over 8.5 million workers.

Posted in GST | 1128 Views

56th GST Council Meeting Scheduled for 3rd to 4th September 2025

23 August 2025 at 09:06

GST Council to hold its 56th meeting on Sept 3-4, 2025, in New Delhi. Key tax policy discussions expected; agenda details to follow.

Posted in GST | 1056 Views

GoM Backs Two-Slab GST Structure, Proposes 40% Rate on Luxury and Sin Goods

23 August 2025 at 08:53

GoM accepts Centre's proposal for two GST slabs of 5% and 18%, with a new 40% rate on luxury and sin goods; states seek extra cess to protect revenue.

Posted in GST | 1446 Views

GST Rate Cut Proposal Raises Centre-State Tensions Over Revenue

23 August 2025 at 08:47

PM Modi's plan to cut GST rates may cost states Rs 1.8 lakh crore annually, sparking fiscal tensions ahead of Diwali and Bihar elections.

Posted in GST | 1566 Views

GST Fraud Worth Rs 47.32 Crore Unearthed in Thane

23 August 2025 at 08:47

Thane GST officials arrest man in Rs 47.32 crore ITC fraud; incriminating evidence seized, probe underway to identify more suspects.

Posted in GST | 177 Views

President Gives Assent to The Income Tax Bill 2025 and The Taxation Laws (Amendment) Bill 2025

22 August 2025 at 09:26

The President has given assent to the Income Tax Bill 2025 and the Taxation Laws (Amendment) Bill 2025, marking a major step in India's direct tax reforms aimed at simplifying compliance and strengthening tax administration.

Posted in Income Tax | 3807 Views

CBDT Notifies Key Changes to Rule 21AIA with Section 10(4D) of Income Tax Act

22 August 2025 at 09:04

CBDT notifies the Income-tax (Twenty-Fourth Amendment) Rules, 2025, revising Rule 21AIA on specified funds by omitting sub-rule (4) and redefining the term in line with Section 10(4D) of the Income Tax Act.

Posted in Income Tax | 441 Views

Centre Proposes GST Exemption on Life and Health Insurance Premiums

22 August 2025 at 08:58

The Centre has proposed exempting individual life and health insurance policies from 18% GST, a move expected to make insurance more affordable. The GST Council will take the final decision based on the GoM's report.

Posted in GST | 1653 Views

Excel Utility of ITR-7 for AY 2025-26 Released by Income Tax Department

22 August 2025 at 08:52

The Income Tax Department has released the Excel Utility of ITR-7 for Assessment Year (AY) 2025-26, enabling taxpayers falling under this category to file their income tax returns seamlessly.

Posted in Income Tax | 192 Views

ICAI Releases Updated Handbook on Inspection, Search, Seizure and Arrest under GST

22 August 2025 at 08:40

ICAI releases the revised Handbook on Inspection, Search, Seizure, and Arrest under GST (July 2025), offering detailed guidance, case laws and updated procedures to help professionals and taxpayers navigate GST enforcement and compliance.

Posted in GST | 4959 Views