CAclubindia News

GST Rationalisation Fuels Consumption Growth as Economy Strengthens: Finance Ministry Review

01 December 2025 at 06:46

GST rate cuts have boosted India’s economic activity, strengthened consumption, and improved inflation outlook, the Finance Ministry’s October review shows.

Posted in GST | 897 Views

CBIC Gets New Chairman: Vivek Chaturvedi to Lead GST & Customs Administration

01 December 2025 at 06:46

Shri 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.

Posted in GST | 1161 Views

Government Notifies New Drug Prices: NPPA Clarifies GST Applicability on 11 Formulations

01 December 2025 at 06:46

The 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.

Posted in GST | 564 Views

GSTN Alert: Update Bank Details by 2nd Dec or Risk Suspension

01 December 2025 at 06:46

GSTN 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.

Posted in GST | 2106 Views

GST Cut Boosts Economic Momentum: E-Way Bills Jump 14.4%, PMI Hits Multi-Month High

29 November 2025 at 06:54

India'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.

Posted in GST | 1116 Views

Supreme Court Rules PAN Not Mandatory for DTAA Benefits: TDS Capped at 10% for Foreign Payments

29 November 2025 at 06:17

Supreme 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.

Posted in Income Tax | 2817 Views

Former GST Assistant Commissioner Gets 5 Years Jail in Rs 10 Crore Bribe Case

29 November 2025 at 06:17

A 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.

Posted in GST | 792 Views

CBDT Issues New Procedure for MAP Cases With Pending Appeals Before CIT(A)

29 November 2025 at 06:17

CBDT issues new MAP guidelines directing CIT(A) to provide withdrawal intimation for pending appeals, enabling faster implementation of MAP resolutions.

Posted in Income Tax | 11448 Views

Chennai CCB Arrests Key Accused in Rs 1.74 Crore GST Fraud After Two Years on the Run

28 November 2025 at 06:22

The CCB in Chennai has arrested a 30-year-old absconding accused in a Rs 1.74 crore GST fraud case involving a fake company created using stolen PAN-Aadhaar details.

Posted in GST | 519 Views

CBI Recovers Over Rs 1 Crore in Raids Linked to ITAT Jaipur Appeal-Fixing Syndicate

28 November 2025 at 06:22

CBI busts a bribery syndicate involving ITAT Jaipur officials, arresting a Judicial Member and Advocate and seizing over Rs 1 crore in cash during multi-city raids.

Posted in Income Tax | 4911 Views