CAclubindia News
Centre Proposes Major Excise Duty Hike on Tobacco Products Under Central Excise (Amendment) Bill, 2025
01 December 2025 at 15:41The Central Excise (Amendment) Bill, 2025 proposes steep hikes in excise duty on cigarettes, tobacco and nicotine products as the GST compensation cess nears its end.
Gross GST Revenue Rises by 0.7% to Rs 1.70 Lakh Crore in November 2025
02 December 2025 at 06:45GST revenue for November 2025 rose to Rs 1.70 lakh crore, driven by a 10% surge in IGST from imports, even as domestic collections dipped. Year-to-date revenue shows strong 8.9% growth.
Reliance Industries Gets Rs 56.44 Crore GST Penalty u/s 74, To Appeal ITC Interpretation
01 December 2025 at 06:46RIL will challenge a Rs 56.44 crore GST order passed under Section 74, saying the department misinterpreted input tax credit provisions.
GST Rationalisation Fuels Consumption Growth as Economy Strengthens: Finance Ministry Review
01 December 2025 at 06:46GST rate cuts have boosted India’s economic activity, strengthened consumption, and improved inflation outlook, the Finance Ministry’s October review shows.
CBIC Gets New Chairman: Vivek Chaturvedi to Lead GST & Customs Administration
01 December 2025 at 06:46Shri Vivek Chaturvedi has been named the new CBIC Chairman following ACC approval. A major leadership change for India’s GST, Customs, and indirect tax governance.
Government Notifies New Drug Prices: NPPA Clarifies GST Applicability on 11 Formulations
01 December 2025 at 06:46The 28th November NPPA notification introduces updated retail prices for 11 new drugs under DPCO 2013. The order mandates compliance, GST conditions, and revised price-list submissions.
GSTN Alert: Update Bank Details by 2nd Dec or Risk Suspension
01 December 2025 at 06:46GSTN has issued a crucial alert asking taxpayers to update their bank details on the GST portal by 2nd December 2025. Failure to comply may lead to automatic suspension of GST registration.
GST Cut Boosts Economic Momentum: E-Way Bills Jump 14.4%, PMI Hits Multi-Month High
29 November 2025 at 06:54India's economic activity strengthened post-GST reduction, with e-way bills up 14.4%, GST collections rising 9%, and manufacturing and services PMIs signalling strong expansion, the Finance Ministry reported.
Supreme Court Rules PAN Not Mandatory for DTAA Benefits: TDS Capped at 10% for Foreign Payments
29 November 2025 at 06:17Supreme Court rules that PAN is not mandatory to apply DTAA benefits, holding that TDS on foreign payments cannot exceed 10% even if PAN is not provided.
Former GST Assistant Commissioner Gets 5 Years Jail in Rs 10 Crore Bribe Case
29 November 2025 at 06:17A special ACB court has sentenced former GST Assistant Commissioner Ashok Nayak to five years in jail for demanding a Rs 10 crore bribe to settle an ED case.
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