Muzaffarnagar police uncovered a Rs 1,300 crore GST scam using fake e-way bills and forged documents. Two arrested; GST dept launches full probe.
The GoM on GST compensation cess is divided. Options include continuing the levy or moving items to regular GST rates. Final decision due by Oct 31.
The GST Council may raise GST on premium EVs up to 28%, while affordable EVs and buses retain a 5% rate. Final decision expected on Sept 3-4.
The Finance Ministry has issued draft rules amending Indian Insurance Companies (Foreign Investment) Rules, 2015, aligning with FEMA (NDI) Rules, 2019.
Flipkart faces a preliminary GST probe by DGGI for allegedly misclassifying marketplace fees as transport charges to reduce tax liability, says report.
ET Leadership Excellence Award 2025 Honours ICAI President for Vision & Excellence
The Group of Ministers (GoM) on GST rate rationalisation has recommended that the existing nil GST exemption on handloom products and raw silk should continue, offering much-needed relief to artisans and small weavers across the country, officials sa
The AIDCF has urged the government to reduce GST on cable TV services from 18% to 5%, citing rising costs, shrinking margins and OTT competition. The move, it says, would protect MSMEs, enhance affordability and support Digital India goals.
The GST Council is likely to end compensation cess collection by October 31, 2025, ahead of the March 2026 deadline, as pandemic-era loan repayments near completion.
The government may revive an anti-profiteering mechanism with the upcoming GST rate rationalisation, ensuring businesses pass on tax benefits to consumers.
Online GST Course - Master the Fundamentals of GST with Practical Insights
CAclubindia
