CAclubindia News

GST Reform: Post-Sale Discounts Clarified with Changes to Section 15 and 34

04 September 2025 at 09:20

Major GST update: Amendments to Section 15 & 34 of CGST Act clarify post-sale discount treatment and improve compliance framework

Posted in GST | 435 Views

PM Modi Hails GST Council for Approving Rate Cuts & Reforms Benefiting Common Man and Businesses

04 September 2025 at 09:10

PM Modi hails GST Council for approving rate cuts & reforms, benefiting farmers, MSMEs, middle class, women and youth, ensuring ease of living & business.

Posted in GST | 150 Views

56th GST Council Recommends Two-Tier GST Structure, Major GST Rate Reforms from 22nd Sept 2025

04 September 2025 at 09:04

GST Council approves a simplified two-tier GST structure - 18% & 5% with major exemptions on insurance, food, medicines, and more. Changes effective 22 September 2025

Posted in GST | 8595 Views

Casino Entry, Luxury Services May Move to 40% Slab at GST Council Meet Sept 2025

03 September 2025 at 09:27

The 56th GST Council meet on Sept 3-4 may rationalise service tax slabs, shifting many items from 12% to 5%. Industries brace for festive season demand surge amid GST uncertainty.

Posted in GST | 693 Views

56th GST Council Meet may Grant Full GST Exemption on Life and Health Insurance

03 September 2025 at 09:20

The 56th GST Council meet on Sept 3-4 may approve full GST exemption on life & health insurance policies. Proposal could save policyholders Rs 9,900 crore annually.

Posted in GST | 3072 Views

GST Reform on Cigarettes Likely at Sept 3-4 Council Meeting as FAIDA Pushes for MRP-Based Levy

03 September 2025 at 09:16

FAIDA has urged the Finance Ministry to levy GST on the MRP of cigarettes upfront to curb leakages and illicit trade. The proposal will be discussed at the GST Council meeting on 3-4 Sept 2025.

Posted in GST | 171 Views

TV & Digital News Broadcasters Urge GST Relief Ahead of 3-4 Sept 2025 Council Meeting

03 September 2025 at 09:09

Ahead of the GST Council meeting on 3-4 Sept 2025, TV & digital news broadcasters urged FM Nirmala Sitharaman to shift GST tax point on ads to payment receipt and allow ITC on blocked expenses.

Posted in GST | 93 Views

ICAI Postpones CA Final & Intermediate Exams Scheduled on 3rd & 4th September 2025 in Punjab and Jammu City Due to Heavy Rainfall

03 September 2025 at 09:02

ICAI has postponed the CA Final & Intermediate exams scheduled on 3rd and 4th September 2025 in Punjab and Jammu City due to heavy rainfall and floods. Revised dates will be announced soon.

Posted in Students | 2040 Views

UP Shopkeeper Gets Rs 141 Crore Tax Notice After PAN Misuse for Fake Firms

02 September 2025 at 09:30

A grocery shopkeeper in Bulandshahr, UP, was shocked after receiving a Rs 141 crore tax notice when his PAN card was allegedly misused to create fake firms.

Posted in Income Tax | 2286 Views

PAN Card Misused for Fake GST Registrations Worth Rs 43 Crore in Major Identity Theft Case

02 September 2025 at 09:15

PAN card misused to create fake GST registrations, leading to Rs 43 crore fraud. Police launch probe into major identity theft case involving cyber crime.

Posted in GST | 2511 Views