CAclubindia News

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 | 147 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 | 147 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 | 381 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 | 261 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 | 1446 Views

ED Conducts Multi-State Raids in Rs 650 Crore Fake ITC Scam

13 September 2025 at 09:02

ED raids across five states in Rs 650 crore fake Input Tax Credit scam. Firms accused of bogus GST invoices to launder money. Crackdown follows earlier Rs 750 crore ITC fraud probe linked to shell companies.

Posted in GST | 282 Views

56th GST Council Decisions to Benefit both Coal Producers and Consumers

13 September 2025 at 08:56

The 56th GST Council meeting has reformed coal taxation by removing the Rs 400/ton GST compensation cess and raising GST from 5% to 18%.

Posted in GST | 105 Views

CBIC Issues Directive for Monitoring Commodity Prices Post GST Rationalization

13 September 2025 at 08:52

CBIC has directed monthly monitoring of commodity prices before and after GST rate rationalization effective September 22, 2025. Reports to track MRP changes across food, toiletries, medicines, cement and more until March 2026.

Posted in GST | 1134 Views

GST Reform: NPPA Directs Drug Makers to Pass on Benefits Through Revised MRPs from Sept 22

13 September 2025 at 08:48

The National Pharmaceutical Pricing Authority (NPPA) has directed pharma firms to revise MRPs of medicines and medical devices from September 22, 2025, following the GST rate cut.

Posted in GST | 1395 Views

GST Reforms: Centre Directs Businesses to Display GST Rate Cut Benefits on Consumer Goods from Sept 22

13 September 2025 at 08:38

The government has asked businesses to display pre- and post-GST prices of consumer goods as new reforms roll out on Sept 22. Cars, durables and FMCG goods set to get cheaper.

Posted in GST | 17277 Views