CAclubindia News
GoM Split on Compensation Cess Mechanism, May Propose Two Alternatives
30 August 2025 at 09:12The 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.
GST Council May Hike Tax on Premium EVs to 28%
30 August 2025 at 09:04The 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.
Finance Ministry Proposes Amendments to Indian Insurance Companies (Foreign Investment) Rules, 2015
30 August 2025 at 08:56The Finance Ministry has issued draft rules amending Indian Insurance Companies (Foreign Investment) Rules, 2015, aligning with FEMA (NDI) Rules, 2019.
Flipkart Faces Preliminary GST Probe Over Alleged Billing Practices
30 August 2025 at 08:55Flipkart faces a preliminary GST probe by DGGI for allegedly misclassifying marketplace fees as transport charges to reduce tax liability, says report.
ICAI President Wins ET Leadership Excellence Award 2025 for Visionary Leadership
30 August 2025 at 08:44ET Leadership Excellence Award 2025 Honours ICAI President for Vision & Excellence
GoM Recommends Continuing GST Exemption on Handloom Products and Raw Silk
29 August 2025 at 09:16The 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
AIDCF Seeks GST Rate Cut on Cable TV Services from 18% to 5%
29 August 2025 at 09:07The 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.
GST Council Likely to End Compensation Cess by October 31, Ahead of Deadline
29 August 2025 at 08:52The 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.
Government May Revive Anti-Profiteering Mechanism Ahead of GST Rate Cuts
29 August 2025 at 08:42The government may revive an anti-profiteering mechanism with the upcoming GST rate rationalisation, ensuring businesses pass on tax benefits to consumers.
GSTN Simplifies Refund Claims Under ASSORD Category with New Functionality
29 August 2025 at 08:34GSTN simplifies refund claims under the ASSORD category, allowing taxpayers to claim refunds on negative minor head balances even when the overall demand is zero or positive, with auto-populated fields and guided tooltips for ease.
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