CAclubindia News

CBIC Clarifies GST Rules on Pre-Packaged Goods and Gene Therapy

18 January 2025 at 07:55

In a significant update, the Central Board of Indirect Taxes and Customs (CBIC) issued Notification No. 02/2025-Central Tax (Rate) on January 16, 2025, amending the Central Goods and Services Tax Act, 2017 (CGST Act).

Posted in GST | 2265 Views

CBIC Amends Customs Duty Exemptions for LRSAM Equipment

18 January 2025 at 07:54

In a move to strengthen India's defense capabilities, the Central Government has issued Notification G.S.R. 64(E), making further amendments to the Notification No. 19/2019-Customs, dated July 6, 2019.

Posted in GST | 741 Views

CBIC Notifies GST Exemption for Exports at Concessional Rate of 0.1%

18 January 2025 at 07:54

In a significant move to boost exports, the Central Government has issued Notification G.S.R. 62(E) under the Central Goods and Services Tax Act, 2017, Goods and Services Tax (Compensation to States) Act, 2017,

Posted in GST | 2136 Views

CBIC Revises GST Rates for Key Supplies Under Public Interest Mandate

18 January 2025 at 07:54

In a major move aimed at aligning tax rates with public welfare initiatives, the Central Board of Indirect Taxes and Customs (CBIC) issued Notification No. 04/2025-Central Tax (Rate) on January 16, 2025.

Posted in GST | 735 Views

CBIC Issues Notification No. 06/2025: Key GST Rate Amendments for 2025

18 January 2025 at 07:54

IntroductionThe Central Board of Indirect Taxes and Customs (CBIC) issued Notification No. 06/2025 on January 16, 2025, introducing significant amendments to GST rates and provisions.

Posted in GST | 5424 Views

CBIC Notifies Amendments to GST Rate Framework

18 January 2025 at 07:54

IntroductionIn a significant move to enhance clarity in GST compliance, the Central Board of Indirect Taxes and Customs (CBIC) issued Notification No. 07/2025 – Central Tax (Rate) on January 16, 2025.

Posted in GST | 4347 Views

Budget 2025: Tax Relief for Salaried Class and MSMEs Expected to Boost Economy

18 January 2025 at 07:54

As the Union Budget 2025-26 approaches, tax experts and stakeholders are urging the government to address key concerns of the salaried class and Micro, Small, and Medium Enterprises (MSMEs) to drive consumption, investment, and economic growth.

Posted in Union Budget & Policy | 1953 Views

ICAI Convocation February 2025: Schedule and Key Details Announced

18 January 2025 at 07:53

The Institute of Chartered Accountants of India (ICAI) has announced the schedule for its Convocation in February 2025.

Posted in Students | 13218 Views

Union Budget 2025: Insurance Industry Seeks Reforms, Tax Incentives and Capital Infusion for Growth

17 January 2025 at 09:01

The insurance sector is eagerly anticipating the Union Budget 2025, with expectations of significant amendments to the Insurance Act and key tax exemptions aimed at boosting health and protection insurance adoption.

Posted in Union Budget & Policy | 1644 Views

CREDAI Seeks 15% Income Tax for Affordable Housing in Budget 2025

17 January 2025 at 08:55

The Confederation of Real Estate Developers' Associations of India (CREDAI), representing over 13,000 developers, has urged the government to introduce a fixed 15% income tax rate for affordable housing projects in the upcoming Union Budget 2025.

Posted in Union Budget & Policy | 516 Views