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FM Sitharaman Cites Popcorn Example in GST Reforms to Highlight Classification Issues
08 September 2025 at 08:56Finance Minister Nirmala Sitharaman explains the rationale behind GST reforms, citing the "popcorn example" to highlight classification disputes.
FM Sitharaman Rules Out Capex Cuts Amid GST 2.0 Revenue Concerns
08 September 2025 at 08:56Finance Minister Nirmala Sitharaman has assured that GST 2.0 will not derail India’s fiscal roadmap or ₹11.21 lakh crore capex plan for FY26. She said reforms will spur consumption while keeping fiscal deficit targets intact.
Tobacco, Cigarettes May Face Additional Tax Over 40% GST, Says CBIC Chief
08 September 2025 at 08:56Government to impose an additional levy on tobacco and cigarettes to maintain current tax incidence under GST 2.0; ultra-luxury cars to face only 40% tax.
Food Delivery May Get Costlier as GST 2.0 Brings Delivery Fees Under 18% Tax
08 September 2025 at 08:56GST 2.0 simplifies tax slabs to 5% and 18% to spur demand, but online food delivery via Zomato, Swiggy may cost Rs 2-2.6 more per order as delivery fees attract 18% GST.
GST 2.0: FM Nirmala Sitharaman Says 99% of Goods Now Under 0%, 5% or 18% Slabs
08 September 2025 at 08:56FM Nirmala Sitharaman says 99% of goods now fall under 0%, 5% or 18% GST slabs, with only 1% taxed as sin goods at 40%. New rates effective from Sept 22, 2025.
GST Reforms Simplify Tax Structure, Premature to Fear State Losses: CEA Nageswaran
08 September 2025 at 08:56CEA V Anantha Nageswaran says GST reforms will boost consumption and it’s premature to assume states will lose revenue. New GST slabs of 5%, 18% and 40% aim to simplify India’s tax regime
Broadcasters Miss GST Relief, Industry Seeks 5% Rate
08 September 2025 at 08:55Despite GST cuts on 400+ items, broadcasters face 18% GST on DTH, IPTV & digital subscriptions. Industry bodies like AIDCF seek 5% relief to ease costs, protect jobs, and support Digital India.
FM Sitharaman Thanks States for Support in Landmark GST Overhaul
08 September 2025 at 08:50Finance Minister Nirmala Sitharaman thanks states for supporting GST 3.0 reforms. New two-slab GST rates of 5% and 18% take effect from September 22, 2025, reducing prices on essentials and consumer goods.
ICAI Opens Multipurpose Empanelment Form (MEF) 2025-26 for Chartered Accountants
08 September 2025 at 08:50ICAI has hosted the Multipurpose Empanelment Form (MEF) 2025-26 at meficai.org. Members can apply online by September 26, 2025, for empanelment with RBI, NABARD and other authorities.
Excel Utilities for Updated ITR-5, ITR-6, and ITR-7 for AYs 2021-22 & 2022-23 Released
06 September 2025 at 17:13The Income Tax Department has announced the release of Excel utilities for filing updated returns in ITR-5, ITR-6, and ITR-7 for the Assessment Years 2021-22 and 2022-23
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