CAclubindia News

CBIC Withdraws Circular on Evidence Requirement for Supplier Discounts under GST

02 October 2025 at 08:19

CBIC withdraws GST Circular No. 212/6/2024-GST on supplier compliance evidence under Section 15(3)(b)(ii) of CGST Act. New Circular No. 253/10/2025 eases compliance for discounts.

Posted in GST | 2592 Views

Govt Puts E-Commerce Platforms Under Scanner for Not Passing on GST Cuts

02 October 2025 at 08:13

Govt monitors e-commerce platforms after 3,000+ complaints that GST rate cuts were not passed to consumers. Amazon, Flipkart assure compliance amid festive sales.

Posted in GST | 1344 Views

ED Attaches Rs 15.41 Crore Properties in Multi-State Rs 734 Crore GST Fake ITC Fraud

02 October 2025 at 08:08

ED attaches Rs 15.41 crore worth of properties in Kolkata and Howrah linked to a Rs 734 crore GST fake ITC fraud involving 135 shell companies across three states.

Posted in GST | 162 Views

Insurance Distributors to Bear GST Costs as Insurers Revise Commissions Post-Exemption

02 October 2025 at 08:04

After GST exemption on health and life insurance policies, insurers like Tata AIG and ABHI cut commissions from Oct 1, 2025, passing GST costs to distributors.

Posted in GST | 261 Views

FIU-IND Issues Notices to 25 Offshore Crypto Exchanges for PMLA Non-Compliance

02 October 2025 at 07:50

FIU-IND has issued notices to 25 offshore Virtual Digital Asset Service Providers, including Huione, Paxful, CEX.IO, and BitMex, for non-compliance under the PMLA, 2002.

Posted in Income Tax | 1161 Views

Gross GST Revenue Surges 9.1% in September 2025, Touches Rs 1.89 Lakh Crore

02 October 2025 at 07:36

India's GST collections hit Rs 1.89 lakh crore in September 2025, up 9.1% YoY. Imports drove growth with 15.6% rise, while states like MP, Meghalaya, and Sikkim posted strong gains.

Posted in GST | 1035 Views

Notebook Manufacturers Raise Alarm Over GST Inverted Duty Structure

01 October 2025 at 08:14

Notebook makers warn GST inverted duty on paper and books will raise costs, block ITC and threaten domestic production and affordability for students.

Posted in GST | 1062 Views

AIOCD Seeks Urgent Relief for Small Chemists Amid GST 2.0 Transition

01 October 2025 at 08:06

AIOCD urges govt relief for small chemists hit by GST 2.0 tax cuts on medicines, warning closures could impact rural access to essential drugs without urgent support.

Posted in GST | 891 Views

Tata Communications Wins Project to Build Digital Infrastructure for GSTAT

01 October 2025 at 07:55

Tata Communications wins mandate to build GSTAT's digital backbone with cloud, IoT & security solutions, boosting transparency and tax dispute resolution.

Posted in GST | 972 Views

Rural Demand Doubles for Cars, Bikes and Electronics After GST Cuts During Navratri

01 October 2025 at 07:40

Rural sales surge during Navratri as GST cuts boost demand for cars, two-wheelers, TVs and premium products. Automakers, e-commerce see bookings double.

Posted in GST | 96 Views