CBIC Chairman says next-gen GST rollout from Sept 22 will be glitch-free, with lower tax slabs, ITC flexibility, and festive season boost to demand.
CBIC clarifies GST on popcorn: both salted and caramel varieties will attract 5% tax under new rates, refuting earlier reports of 18% GST on caramel popcorn.
PM says NextGen GST reforms will empower dairy farmers, make products affordable, and boost rural economy by strengthening India’s dairy sector.
GST Council rationalizes rates for dairy sector; most products now taxed at Nil or 5%, boosting affordability, demand, and farmer income.
ICAI confirms CA Examinations September 2025 will be held as per notified schedule. Students must follow timetable and check updates on www.icai.org
GSTN introduces GST payment via UPI and Debit/Credit Cards across 24 States, including Delhi, Maharashtra and Mizoram, making tax compliance faster and easier.
GSTN adds DBS Bank India as an authorized bank for GST payments, raising the total to 32. Taxpayers can now use DBS for Net Banking and OTC payments, boosting convenience and compliance.
The Ministry of Law & Justice issues corrigenda to the Income-tax Act, 2025, correcting typographical errors and replacing "previous year" with "tax year," ensuring accuracy ahead of its April 1, 2026 rollout.
CBDT issues Circular No. 11/2025 extending the tax-free investment window under Section 10(23FE) from March 2025 to March 2030, boosting infrastructure funding in India.
Income Tax Act, 2025 takes effect from April 1, 2026, simplifying laws, defining 'Tax Year,' recognizing VDAs, and ensuring transparency & digital compliance.
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