CAclubindia News

GST on Paperboard Raised to 18%: Printers Warn of Impact on Students and Jobs

11 September 2025 at 09:26

The Offset Printers Association has urged Finance Minister Nirmala Sitharaman to roll back the GST hike on paper from 12% to 18%, warning it will raise textbook prices by 15%, burden families, and push small printing units toward closure.

Posted in GST | 1311 Views

FAIDA Warns GST Rate Cuts May Fail Consumers Without Clear Guidelines

11 September 2025 at 09:21

FAIDA has cautioned that recent GST rate cuts may not benefit consumers due to old MRPs, ITC blockages, and lack of clarity for distributors. The body urged the Finance Ministry to issue guidelines to prevent liquidity crises and ensure consumer welfare.

Posted in GST | 177 Views

Chartered Accountant Held for Passing Fake Invoices Worth Rs 11.72 Crore in GST Fraud

11 September 2025 at 09:13

CGST Palghar arrested CA Ritesh Padamchand Burad for a Rs 11.72 crore fake GST ITC scam involving bogus invoices and shell firms. He allegedly controlled invoicing, bank transactions, and earned commissions per deal.

Posted in GST | 2052 Views

GST Rate Cuts May Boost Consumption, Offset Rs 48,000 Crore Revenue Loss: CBIC Chairman

11 September 2025 at 09:06

CBIC Chairman Sanjay Agarwal said GST rate cuts could drive higher consumption and offset an estimated Rs 48,000 crore revenue loss if industries pass benefits to consumers.

Posted in GST | 192 Views

FM Says GST Slab Rationalisation was 18 Months in the Making, Not a Reaction to US Tariffs

11 September 2025 at 09:02

Finance Minister Nirmala Sitharaman said the GST slab rationalisation, reducing slabs to two and exempting health and life insurance, was 18 months in the making, not a reaction to US tariffs.

Posted in GST | 1392 Views

CBIC Chairman: No GST Cuts on Sin Goods, Single Rate Structure Possible in Future

11 September 2025 at 08:55

CBIC Chairman Sanjay Kumar Agarwal confirmed no GST cuts on sin goods, but hinted at future reforms toward a single standard GST rate.

Posted in GST | 1173 Views

ICAI Postpones CA Exams in Kathmandu Due to Protests, New Dates to Be Announced

11 September 2025 at 08:47

ICAI has postponed the CA Final and Intermediate exams scheduled for September 11–15, 2025, in Kathmandu due to protests. Revised dates will be announced soon. Other exam centres remain unaffected.

Posted in Students | 1287 Views

Poor Dhaba Cook Duped into Bank Fraud, Faces Rs 46 Crore Income Tax Notice

10 September 2025 at 09:24

A dhaba cook from Bhind, Madhya Pradesh, earning just Rs 10,000 a month, has been hit with a shocking Rs 46 crore income tax notice after being duped into opening a bank account linked to fraudulent transactions.

Posted in Income Tax | 1 comments | 6552 Views

Next-Gen GST Overhaul: Staple Foods Made Tax-Free, Processed Foods at 5%

10 September 2025 at 09:15

GST overhaul makes staples tax-free and lowers GST on processed foods to 5%. Big relief for consumers and small businesses.

Posted in GST | 225 Views

GST Returns Older Than 3 Years to Be Barred from Filing on Portal from Sept 2025 Tax period

10 September 2025 at 09:08

From Sept 2025, GST returns older than 3 years from due date cannot be filed. Taxpayers must clear pending filings before the deadline.

Posted in GST | 3426 Views