CAclubindia News
Direct Tax Collections Rise 9% to Rs 10.82 Lakh Crore in FY26 So Far
20 September 2025 at 08:58India’s net direct tax collections rose 9% to Rs 10.82 lakh crore till Sept 17, 2025. Corporate and non-corporate tax payments drove growth, while refunds fell nearly 24%.
CBIC Clarifies Price Revision Rules After GST 2.0, Newspaper Ads Waived
20 September 2025 at 08:19CBIC FAQ-4 clarifies revised MRP rules after GST cuts. Newspaper ads waived; manufacturers must send circulars to dealers and ensure price compliance at retailer level.
Finance Ministry Issues Corrigenda to GST Rate Notifications
20 September 2025 at 07:49Finance Ministry issues corrigenda to GST rate notifications dated Sept 17, 2025, correcting minor errors in Central, Integrated and UT Tax rate entries.
Centre Rules Out Compensation to States for GST Rate Cuts, Says FM Sitharaman
20 September 2025 at 07:33FM Nirmala Sitharaman rules out compensation to states for GST rate cuts, says revenue loss is shared equally. GST 2.0 to inject Rs 2 lakh crore into the economy from September 22.
GST Revenues Hold Steady at 6.7% of GDP Despite Rate Cuts
20 September 2025 at 07:27India’s GST revenues have rebounded after past rate cuts, with the GST-to-GDP ratio stabilising at 6.7%. Economists say GST 2.0 may cause a short dip but boost compliance and growth in the medium term.
GST Reforms to Inject Rs 2 Lakh Crore Into Economy, Says FM Sitharaman
20 September 2025 at 07:13FM Nirmala Sitharaman says new GST reforms will inject ₹2 lakh crore into the economy, cut rates, ease compliance, and boost Bengal’s handicrafts, tea, jute and garment sectors ahead of Durga Puja.
Centre Warns Traders to Pass on GST 2.0 Benefits or Face Penalty
20 September 2025 at 07:01Centre warns traders to pass on GST 2.0 rate cut benefits to customers or face penalty. Govt may revive anti-profiteering provisions under Section 171.
CGST Ludhiana Cracks Rs 455 Crore Fake GST Invoice Racket, Two Arrested
20 September 2025 at 06:41CGST Ludhiana unearthed a fake GST invoice racket worth Rs 455 crore, arresting a father-son duo for availing bogus ITC of Rs 69.41 crore. Investigation continues.
ICAI Announces Revised Schedule for Sept 2025 CA Exams in Kathmandu, Nepal
20 September 2025 at 06:41ICAI has rescheduled CA Final and Intermediate exams in Kathmandu, Nepal. Check revised October 2025 dates, timings, venue and key details for candidates.
ICAI Provides Relaxation in Compliance of Guidance Notes for Annual Reporting Period 2024-25
20 September 2025 at 06:41ICAI announces relaxation for non-corporate entities and LLPs, making compliance with new financial statement guidance notes voluntary for FY 2024-25. Accounting Standards remain unaffected.
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