CAclubindia News

GST Rate Cuts Set to Transform India's Pharma Industry, Make Life-Saving Drugs Cheaper

12 September 2025 at 08:38

GST cuts slash drug prices in India; 36 life-saving medicines now GST-free. Pharma sector set for growth with cheaper therapies and wider access.

Posted in GST | 438 Views

NBFC Loan Book to Grow 15-17% in FY26 on GST Reforms, Says ICRA

12 September 2025 at 08:38

NBFC loan book to grow 15-17% in FY26, driven by GST reforms and liquidity, though asset quality risks remain, says Icra.

Posted in GST | 399 Views

Gujarat Assembly Passes GST (Second Amendment) Bill, 2025

12 September 2025 at 08:38

Gujarat Assembly passes GST (Second Amendment) Bill, 2025, replacing ordinance and aligning with 55th GST Council decisions.

Posted in GST | 258 Views

CBIC to Collect Monthly Reports on Prices of 54 Essential Goods After GST Cuts

12 September 2025 at 08:38

CBIC to monitor FMCG, food, medicines, cement & white goods prices post-GST rate cuts from Sept 22. First report due September 30.

Posted in GST | 1695 Views

ICAI Requests FM Sitharaman for Extension of Tax Audit Report Deadline to 31st December 2025

11 September 2025 at 10:06

ICAI requests extension of tax audit report filing deadline to 31st Dec 2025 due to operational challenges.

Posted in Income Tax | 102249 Views

CBIC Chairman Urges Outreach as Reduced GST Rates on 375 Items Take Effect from Sept 22

11 September 2025 at 09:30

CBIC Chief Sanjay Kumar Agarwal urged tax officers to ensure proactive outreach as reduced GST rates on 375 items take effect from Sept 22, aiming to support traders, MSMEs, and households in adapting smoothly to the new 5% and 18% two-tier structure.

Posted in GST | 2040 Views

GST on Paperboard Raised to 18%: Printers Warn of Impact on Students and Jobs

11 September 2025 at 09:26

The Offset Printers Association has urged Finance Minister Nirmala Sitharaman to roll back the GST hike on paper from 12% to 18%, warning it will raise textbook prices by 15%, burden families, and push small printing units toward closure.

Posted in GST | 1428 Views

FAIDA Warns GST Rate Cuts May Fail Consumers Without Clear Guidelines

11 September 2025 at 09:21

FAIDA has cautioned that recent GST rate cuts may not benefit consumers due to old MRPs, ITC blockages, and lack of clarity for distributors. The body urged the Finance Ministry to issue guidelines to prevent liquidity crises and ensure consumer welfare.

Posted in GST | 246 Views

Chartered Accountant Held for Passing Fake Invoices Worth Rs 11.72 Crore in GST Fraud

11 September 2025 at 09:13

CGST Palghar arrested CA Ritesh Padamchand Burad for a Rs 11.72 crore fake GST ITC scam involving bogus invoices and shell firms. He allegedly controlled invoicing, bank transactions, and earned commissions per deal.

Posted in GST | 2211 Views

GST Rate Cuts May Boost Consumption, Offset Rs 48,000 Crore Revenue Loss: CBIC Chairman

11 September 2025 at 09:06

CBIC Chairman Sanjay Agarwal said GST rate cuts could drive higher consumption and offset an estimated Rs 48,000 crore revenue loss if industries pass benefits to consumers.

Posted in GST | 237 Views