CAclubindia News

CBDT Issues SOP for Taxing Capital Gains on JDAs Under Section 45(5A)

18 September 2025 at 08:19

CBDT issues SOP for assessing capital gains on Joint Development Agreements under Section 45(5A), adopting the successful Kolkata model nationwide.

Posted in Income Tax | 8646 Views

Finance Ministry Clarifies: Hotels up to Rs 7500 Tariff to Pay 5% GST Without ITC

18 September 2025 at 08:19

Finance Ministry clarifies hotels charging up to Rs 7,500 per room per day will pay 5% GST without ITC, raising concerns for the hospitality sector.

Posted in GST | 1344 Views

No Recall or Re-Labelling Needed for Medicines Before Sept 22: Finance Ministry Clarifies

18 September 2025 at 08:19

Finance Ministry FAQs clarify GST changes on medicines, drones, hotels, insurance & delivery services. No recall or re-labelling needed before Sept 22.

Posted in GST | 102 Views

PFRDA Extends One-Time Option for Central Govt Employees to Opt for UPS

17 September 2025 at 09:04

PFRDA has extended the one-time option for Central Government employees who joined services between April 1 and August 31, 2025, to migrate from NPS to the Unified Pension Scheme (UPS). Eligible employees must exercise this option by September 30, 2025.

Posted in Corporate Law | 126 Views

NPPA Fixes Retail Prices of Key Combination Drugs Exclusive of GST

17 September 2025 at 08:59

NPPA fixes retail prices of key drug combinations for diabetes and pain relief, ensuring affordability under the DPCO, 2013.

Posted in GST | 1548 Views

Finance Ministry to Examine Uniform GST Treatment for Micronutrient Fertilisers

17 September 2025 at 08:52

Finance Ministry may review IMMA’s plea to keep all micronutrient fertilisers under 5% GST, addressing concerns over inverted duty and farm costs.

Posted in GST | 228 Views

Insurance Industry Faces Backlash Over Premium Hikes Despite GST Exemption

17 September 2025 at 08:46

Insurers face backlash for raising premiums despite GST exemption on health and life insurance; analysts accuse regulator IRDAI of inaction.

Posted in GST | 4 comments | 15915 Views

GST Invoicing May Replace Transit Passes in Mineral Transport to Curb Revenue Losses

17 September 2025 at 08:40

India may phase out the transit pass system for mineral transport and shift to GST invoicing to boost transparency and curb revenue leakages.

Posted in GST | 3201 Views

Insurance Premiums at 0% GST: Industry Awaits Clarity on ITC

17 September 2025 at 08:34

Experts caution that the benefit depends on whether premiums are nil-rated or exempt, a distinction that could decide if policyholders save or face higher costs.

Posted in GST | 171 Views

FHRAI Urges GST Council to Restore ITC, Warns of Cost Burden on Hotels

17 September 2025 at 08:34

FHRAI has urged the GST Council to restore input tax credit (ITC) after its withdrawal on hotel rooms below Rs 7,500. The body warns that rising costs could strain mid-scale hotels, deter reinvestment, and weaken India’s global competitiveness.

Posted in GST | 126 Views