CAclubindia News

RBI Brings Repo Rate Down to 5.25% Amid Falling Inflation

08 December 2025 at 06:37

RBI has cut the repo rate by 25 bps to 5.25% in the December 2025 MPC meeting, citing easing inflation and stable growth. The SDF stands at 5.00% and MSF/Bank Rate at 5.50%.

Posted in Community & General | 327 Views

RBI Cuts Penal Interest on CRR, SLR Shortfalls as Bank Rate Reduced to 5.50%

08 December 2025 at 06:37

RBI's latest circular reduces penal interest on CRR and SLR shortfalls following a 25 bps cut in the Bank Rate to 5.50%. The revised rates now stand at 8.50% and 10.50%.

Posted in Community & General | 471 Views

Haryana GST Mandates Strict Multi-Level Approval for Suo-Moto Audit & Scrutiny Cases

08 December 2025 at 06:37

Haryana GST enforces new two-tier approval (DETC/JETC) for Suo-Moto Audit & Scrutiny cases. Learn how the HGST Act 2017 circular ensures GST transparency & limits arbitrary action.

Posted in GST | 1884 Views

MVAT & PT Act Return Due Dates Extended to 10th Dec 2025 Due to System Upgrades

08 December 2025 at 06:37

Maharashtra's State Tax Commissioner supersedes TC 16T/2025, extending the last date for MVAT (Oct 2025) and PT Act (Nov 2025) returns to 10th December 2025. File by this date for late fee exemption.

Posted in Income Tax | 3783 Views

FM Sitharaman Defends Health & National Security Cess Bill, Says Levy Targets Only Demerit Goods

08 December 2025 at 06:36

FM Nirmala Sitharaman defends the Health & National Security Cess Bill, saying the levy applies only to demerit goods like tobacco and pan masala, ensuring defence funding.

Posted in Excise | 1236 Views

Centre Approves Export Promotion Mission to Boost MSMEs and First-Time Exporters

08 December 2025 at 06:36

Government launches Export Promotion Mission and upgrades logistics, BTN, CGSE, ECGC support to help MSMEs tackle global disruptions and expand exports.

Posted in Corporate Law | 516 Views

Major GST Rule 10A Change: Registration to Be Automatically Suspended If Bank Details Not Furnished in 30 Days

06 December 2025 at 06:52

GSTN enforces Rule 10A: GST registration will now be auto-suspended if bank account details aren't filed within 30 days. Full advisory, process steps & exemptions inside.

Posted in GST | 8316 Views

GSTR-3B Update: Table 3.2 Auto-Populated Values Made Non-Editable from Nov 2025

06 December 2025 at 06:52

GSTN has announced that from November 2025, Table 3.2 of GSTR-3B will be fully auto-populated and non-editable. Corrections must be made through GSTR-1A before filing GSTR-3B.

Posted in GST | 3063 Views

Supreme Court Affirms GST Exemption for Residential Premises Leased as Hostels

06 December 2025 at 06:52

Supreme Court rules that leasing residential property to be used as a student or professional hostel is exempt from 18% GST. Big win for housing.

Posted in GST | 2379 Views

CBIC, DRI Leaders Emphasize Technology, Global Cooperation in Anti-Smuggling Efforts

06 December 2025 at 06:52

MoS Finance Pankaj Chaudhary inaugurated the 68th Founding Day of the DRI in New Delhi, highlighting the government's commitment to dignified business for honest taxpayers and a zero-tolerance approach to illegal trade.

Posted in Custom | 243 Views