CAclubindia News

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 | 93 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 | 72 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 | 69 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 | 1026 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 | 87 Views

ICAI Announces Revised Schedule for Sept 2025 CA Exams in Kathmandu, Nepal

20 September 2025 at 06:41

ICAI has rescheduled CA Final and Intermediate exams in Kathmandu, Nepal. Check revised October 2025 dates, timings, venue and key details for candidates.

Posted in Students | 1275 Views

ICAI Provides Relaxation in Compliance of Guidance Notes for Annual Reporting Period 2024-25

20 September 2025 at 06:41

ICAI announces relaxation for non-corporate entities and LLPs, making compliance with new financial statement guidance notes voluntary for FY 2024-25. Accounting Standards remain unaffected.

Posted in Corporate Law | 2205 Views

CBIC Releases FAQs-3 on GST Rate Changes and Notifications Effective September 22, 2025

19 September 2025 at 09:17

CBIC issued FAQs-3 on September 18, 2025, clarifying new GST notifications released a day earlier. The update explains revised CGST rates, exemptions, handicraft tax treatment and compensation cess changes, effective from September 22, 2025.

Posted in GST | 1632 Views