CAclubindia News

IRCTC Reduces Packaged Drinking Water Prices from September 22

22 September 2025 at 08:32

From September 22, 2025, Indian Railways will reduce the price of packaged drinking water. A 1-litre bottle will cost Rs 14 instead of Rs 15, and 500ml bottles Rs 9 instead of Rs 10, applicable to Rail Neer and all IRCTC-approved brands.

Posted in GST | 270 Views

GST 2.0 to Ease Tax Burden, Empower MSMEs and Strengthen Formal Economy

22 September 2025 at 08:29

GST 2.0 will ease tax burden on households, empower MSMEs, and accelerate India’s formalisation drive. A FICCI report says more items will move to the 5% tax slab, reducing effective GST rates and boosting disposable incomes.

Posted in GST | 123 Views

Direct Tax Collections Rise 9% to Rs 10.82 Lakh Crore in FY26 So Far

20 September 2025 at 08:58

India’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%.

Posted in Income Tax | 231 Views

CBIC Clarifies Price Revision Rules After GST 2.0, Newspaper Ads Waived

20 September 2025 at 08:19

CBIC 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.

Posted in GST | 594 Views

Finance Ministry Issues Corrigenda to GST Rate Notifications

20 September 2025 at 07:49

Finance Ministry issues corrigenda to GST rate notifications dated Sept 17, 2025, correcting minor errors in Central, Integrated and UT Tax rate entries.

Posted in GST | 2424 Views

Centre Rules Out Compensation to States for GST Rate Cuts, Says FM Sitharaman

20 September 2025 at 07:33

FM 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.

Posted in GST | 147 Views

GST Revenues Hold Steady at 6.7% of GDP Despite Rate Cuts

20 September 2025 at 07:27

India’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.

Posted in GST | 246 Views

GST Reforms to Inject Rs 2 Lakh Crore Into Economy, Says FM Sitharaman

20 September 2025 at 07:13

FM 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.

Posted in GST | 192 Views

Centre Warns Traders to Pass on GST 2.0 Benefits or Face Penalty

20 September 2025 at 07:01

Centre 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.

Posted in GST | 1095 Views

CGST Ludhiana Cracks Rs 455 Crore Fake GST Invoice Racket, Two Arrested

20 September 2025 at 06:41

CGST 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.

Posted in GST | 171 Views