CAclubindia News
Government May Revive Anti-Profiteering Mechanism Ahead of GST Rate Cuts
29 August 2025 at 08:42The government may revive an anti-profiteering mechanism with the upcoming GST rate rationalisation, ensuring businesses pass on tax benefits to consumers.
GSTN Simplifies Refund Claims Under ASSORD Category with New Functionality
29 August 2025 at 08:34GSTN simplifies refund claims under the ASSORD category, allowing taxpayers to claim refunds on negative minor head balances even when the overall demand is zero or positive, with auto-populated fields and guided tooltips for ease.
GST Relief on Insurance: GoM Seeks Safeguards to Ensure Benefits Reach Policyholders
29 August 2025 at 08:34GoM on Life and Health Insurance, chaired by Bihar Deputy CM Samrat Choudhary, has reached an in-principle agreement to reduce GST on individual insurance policies, with states stressing transparency to ensure benefits reach policyholders.
GCCI Urges FM for Simplified GST Structure, Industry-Specific Guidance Notes
29 August 2025 at 08:34The GCCI has urged FM Sitharaman to simplify GST by merging slabs, correcting inverted duty structures, reducing rates on essentials, and publishing sector-specific guidance notes to ease compliance and boost tax transparency.
CBDT to Finalise Rules for New Income Tax Act, 2025 by Year-End, Digital Data SOP Soon
28 August 2025 at 09:16CBDT is drafting simplified rules and forms under the Income Tax Act, 2025, set to apply from April 1, 2026. A new SOP for digital data handling during surveys and searches will also be released, alongside the introduction of the 'tax year' concept.
ICAI Releases Updated Handbook on GST Exempted Supplies - April 2025 Edition
28 August 2025 at 09:05ICAI has published the 2025 edition of its Handbook on Exempted Supplies under GST, covering latest amendments till April 15, 2025.
GST Refund Relief for Edible Oils Likely on GST Council Agenda, Says Food Secretary
28 August 2025 at 08:58Food Ministry backs edible oil industry's demand to lift GST refund restrictions. GST Council may discuss the issue in its next meeting.
Income Tax Act 2025 Explicitly Empowers Digital Search & Seizure: CBDT Member Clarifies
28 August 2025 at 08:51CBDT Member R.N. Parbat says digital search and seizure under Income Tax Act 2025 is vital to trace hidden income and assets online.
Multiplex Industry Seeks GST Rationalisation on Movie Tickets to Boost Screen Expansion
28 August 2025 at 08:50High GST is hurting multiplex recovery. Exhibitors propose 5% GST on tickets under Rs 300 to drive affordability and cinema screen expansion.
Finance Ministry to Hold Regular Talks with MSMEs to Address Slowing Wage Growth
27 August 2025 at 09:00Amid concerns over slowing wage growth, the Finance Ministry plans regular meetings with MSMEs and industry leaders to help firms scale, boost hiring and support consumption.
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