CAclubindia News

GST Reforms Simplify Tax Structure, Premature to Fear State Losses: CEA Nageswaran

08 September 2025 at 08:56

CEA V Anantha Nageswaran says GST reforms will boost consumption and it’s premature to assume states will lose revenue. New GST slabs of 5%, 18% and 40% aim to simplify India’s tax regime

Posted in GST | 1071 Views

Broadcasters Miss GST Relief, Industry Seeks 5% Rate

08 September 2025 at 08:55

Despite GST cuts on 400+ items, broadcasters face 18% GST on DTH, IPTV & digital subscriptions. Industry bodies like AIDCF seek 5% relief to ease costs, protect jobs, and support Digital India.

Posted in GST | 171 Views

FM Sitharaman Thanks States for Support in Landmark GST Overhaul

08 September 2025 at 08:50

Finance Minister Nirmala Sitharaman thanks states for supporting GST 3.0 reforms. New two-slab GST rates of 5% and 18% take effect from September 22, 2025, reducing prices on essentials and consumer goods.

Posted in GST | 51 Views

ICAI Opens Multipurpose Empanelment Form (MEF) 2025-26 for Chartered Accountants

08 September 2025 at 08:50

ICAI has hosted the Multipurpose Empanelment Form (MEF) 2025-26 at meficai.org. Members can apply online by September 26, 2025, for empanelment with RBI, NABARD and other authorities.

Posted in Professional Resource | 1761 Views

Excel Utilities for Updated ITR-5, ITR-6, and ITR-7 for AYs 2021-22 & 2022-23 Released

06 September 2025 at 17:13

The Income Tax Department has announced the release of Excel utilities for filing updated returns in ITR-5, ITR-6, and ITR-7 for the Assessment Years 2021-22 and 2022-23

Posted in Income Tax | 99 Views

ITR-5 Offline Utility for AY 2025-26 Now Available for Filing

06 September 2025 at 17:08

The Income Tax Department has released the offline utility for ITR-5 for AY 2025-26, enabling firms, LLPs, AOPs, and trusts to file returns easily.

Posted in Income Tax | 399 Views

GST Overhaul a "Diwali Gift for Green India," Hails Bhupender Yadav

06 September 2025 at 09:52

Union Minister Bhupender Yadav hails Next Gen GST Reforms as “GST Reforms for a Green India,” boosting renewable energy, waste management, and sustainability.

Posted in GST | 225 Views

PM Underscores Transformative Impact of GST Reforms on Manufacturing Sector

06 September 2025 at 09:46

PM highlights how latest GST reforms will boost India’s manufacturing sector, cut costs, strengthen MSMEs, and enhance global competitiveness.

Posted in GST | 138 Views

GST 2.0 Rollout: CBIC Expects Temporary Dip in Revenues, Festive Demand to Aid Recovery

06 September 2025 at 09:41

CBIC warns of a short-term dip in GST collections after GST 2.0 rollout on Sept 22, but festive demand and tax cuts are set to boost sales and ease inflation.

Posted in GST | 1416 Views

GST Rationalisation to Boost MSMEs, Exports and Consumer Welfare

06 September 2025 at 09:34

GST rationalisation lowers costs, eases refunds for low-value e-commerce exports, supports MSMEs, fixes inverted duty structures, and boosts competitiveness.

Posted in GST | 129 Views