CAclubindia News

Digital Payments Surge to Rs 11 Trillion as New GST Rates Take Effect

27 September 2025 at 09:11

Digital payments in India surged to Rs 11 trillion on Sept 22 as new GST rates took effect, with RTGS, UPI, NEFT and card payments soaring. E-commerce sales jumped 25% in two days.

Posted in GST | 198 Views

CBDT Issues Digital Evidence Manual: Tax Officials to Trace Offshore Servers, AI Data

27 September 2025 at 09:06

CBDT’s new digital evidence manual empowers tax officials to use Companies Act provisions to access offshore data. Firms must keep daily backups in India, disclose overseas custodians and comply with stricter digital evidence rules.

Posted in Income Tax | 3663 Views

Retailers Yet to Pass GST Rate Cut Benefits, Consumers Still Paying Old Prices

27 September 2025 at 08:58

Despite GST rate cuts, many retailers in Chennai are yet to reduce prices of essentials, medicines, and stationery. Old stock, confusion over MRPs and delays from distributors are cited as reasons.

Posted in GST | 186 Views

PM Modi: GST Reforms to Continue as Tax Burden on People Eases with Stronger Economy

27 September 2025 at 08:49

PM Modi said GST reforms will continue as India’s economy grows, easing tax burden on citizens. He highlighted GST 2.0, income tax relief up to ₹12 lakh, and “Made in India” defence production.

Posted in GST | 225 Views

Invoice-Wise Reporting in Form GSTR-7 Now Live on GST Portal from September 2025

27 September 2025 at 08:41

GSTN has enabled invoice-wise reporting in Form GSTR-7 starting September 2025. TDS deductors must now furnish invoice-level details while filing returns. Due date: October 10, 2025.

Posted in GST | 4791 Views

GSTAT Launched: FM Sitharaman Pledges Fair, Fast and Transparent GST Justice

26 September 2025 at 09:19

Union Finance Minister Nirmala Sitharaman launched the GST Appellate Tribunal (GSTAT), promising fair, fast, and transparent dispute resolution. The tribunal will handle over 4 lakh pending cases with 116 members across 45 locations.

Posted in GST | 1458 Views

Centre Begins Field Inspections to Ensure GST 2.0 Benefits Reach Consumers

26 September 2025 at 09:14

Ministry of Finance officials have begun field inspections to ensure GST 2.0 rate cuts are passed on to consumers. Retailers, especially in pharma and textiles, face challenges adjusting stock purchased at old rates.

Posted in GST | 222 Views

GSTAT to Resolve Pending Anti-Profiteering Cases, Begin Hearings by December 2025

26 September 2025 at 09:11

The GST Appellate Tribunal (GSTAT) will handle pending anti-profiteering cases and serve as a single forum for GST disputes. Hearings are expected by December, with appeal filing extended to June 30, 2026.

Posted in GST | 117 Views

Hospitality Sector Urges Govt: 5% GST With ITC Needed for Sustainability

26 September 2025 at 09:08

HRAWI urges the government to rationalise GST for hotels and restaurants, proposing 5% GST with ITC or 18% GST with partial ITC to balance consumer benefits with industry sustainability and reduce operational costs.

Posted in GST | 1770 Views

CAG and CBDT Sign MoU to Enhance Training, Research and Data-Driven Audits

26 September 2025 at 09:00

The CAG and CBDT have signed an MoU to collaborate on training, research, and AI-driven audits, focusing on capacity building, GST audits, and governance reforms.

Posted in Income Tax | 1524 Views