CAclubindia News

CBIC Clarifies No ITC Reversal on Post-Sale Financial or Commercial Credit Notes

16 September 2025 at 08:53

CBIC clarified that buyers will not need to reverse ITC on post-sale financial or commercial credit notes, easing GST compliance for manufacturers, dealers and distributors.

Posted in GST | 3612 Views

GST 2.0: CBIC Promises Quick Refunds to Address Inverted Duty Structure for Fertilizer Industry

16 September 2025 at 08:52

CBIC has assured IMMA and FAI that a speedy refund mechanism will be notified under GST 2.0 to ease the burden of the inverted duty structure faced by micronutrient manufacturers.

Posted in GST | 411 Views

CBIC Notifies New Regulations on Finalisation of Provisional Customs Assessments

15 September 2025 at 08:39

CBIC notifies Customs (Finalisation of Provisional Assessment) Regulations, 2025, introducing strict timelines, compliance rules, and streamlined procedures for duty finalisation.

Posted in Custom | 1020 Views

Fertiliser and Tractor Industry Flag GST Transition Concerns in Meeting with CBIC

15 September 2025 at 08:38

Agriculture industry flags ITC blockage and tax inversion after GST cuts on fertilisers; CBIC assures possible relief to ensure benefits reach farmers.

Posted in GST | 240 Views

CBIC Issues Clarification on GST Treatment of Post-Sale Discounts

15 September 2025 at 08:36

CBIC clarifies GST on post-sale discounts: routine trade discounts won't attract GST, while dealer-linked promotional services under agreements will be taxable...

Posted in GST | 6165 Views

ED Uncovers Multi-Crore Fake ITC Scam, Big MNCs Under Lens

15 September 2025 at 08:32

ED probe into a multi-crore fake ITC racket reveals MNC beneficiaries, bogus invoicing, and GST misuse across states; assets seized and probe ongoing.

Posted in GST | 249 Views

GST Rate Cuts Spark Optimism for Auto and Consumer Durables Sectors

15 September 2025 at 08:31

GST rate cuts deliver a boost to automobiles and consumer durables, with analysts expecting revived demand, lower prices and stronger festive season sales.

Posted in GST | 210 Views

CBIC Clarifies GST Applicability on Post-Sale Discounts by Manufacturers to Dealers

15 September 2025 at 08:30

CBIC clarifies GST on post-sale discounts: routine trade discounts to dealers won’t attract GST, but promotional service-linked discounts will. The move reduces disputes, eases compliance, and aligns GST rules with commercial practices.

Posted in GST | 438 Views

MCA Widens the Scope of Fast Track Mergers under the Companies Act, 2013

13 September 2025 at 09:14

The Ministry of Corporate Affairs has expanded the scope of Fast Track Mergers under Section 233 of the Companies Act, 2013.

Posted in Corporate Law | 405 Views

GST Rate Cuts: Food Industry Titans Promise Lower Prices for Consumers

13 September 2025 at 09:10

Top food industry leaders including Amul, Britannia, Coca-Cola, PepsiCo and ITC pledge to pass on GST benefits to consumers under Next-Gen GST reforms.

Posted in GST | 1 comments | 1518 Views