CAclubindia News

PM Modi Urges NDA MPs to Promote GST 2.0 and Make in India Ahead of Sept 22 Rollout

10 September 2025 at 08:48

Prime Minister Narendra Modi has asked NDA MPs to promote GST 2.0 reforms and the Make in India campaign by engaging traders and citizens.

Posted in GST | 117 Views

Income Tax Act 1961 Repealed from 1st April 2026, Correction Statement Deadline Announced

10 September 2025 at 08:48

The Income Tax Act, 1961 will be repealed from April 1, 2026, under the new Income Tax Act, 2025. Correction statements for FY 2018-19 to 2023-24 must be filed by March 31, 2026, or they will be time-barred.

Posted in Income Tax | 3036 Views

Ministry of Consumer Affairs Allows Revised MRP on Unsold Stock After GST Rate Changes Till Dec 2025

10 September 2025 at 08:47

The Ministry of Consumer Affairs has permitted manufacturers, packers, and importers to revise MRP on unsold stock due to GST rate changes until December 31, 2025. Original MRP must remain visible, with revisions limited to tax changes.

Posted in GST | 2484 Views

FM Sitharaman to Personally Monitor GST Rate Cut Implementation, Urges Citizens to Report Non-Compliance

09 September 2025 at 09:38

Finance Minister Nirmala Sitharaman to personally monitor GST rate cuts, urges citizens to report non-compliance, expects festive demand to offset Rs 48,000 cr loss.

Posted in GST | 1 comments | 1563 Views

GST Rate Cuts to Boost Consumption, Credit Growth and Economy: Bankers

09 September 2025 at 09:29

Bankers say GST 2.0 rate cuts on 396 items will boost consumption, credit growth, and economic activity. The reform, effective Sept 22, is set to lower inflation and strengthen India’s growth.

Posted in GST | 354 Views

FM Sitharaman Confident Fiscal Deficit Safe Despite Rs 48,000 Crore GST Gap

09 September 2025 at 09:24

Finance Minister Nirmala Sitharaman says GST rate cuts won’t hurt public finances. Higher consumption will cover the Rs 48,000 crore shortfall and boost GDP growth.

Posted in GST | 222 Views

GST Rate Cuts to Boost Demand and Investments, FM Tells Corporate India

09 September 2025 at 09:16

FM Sitharaman says GST cuts on 375+ items will spark enduring demand, urging India Inc to shed excuses and step up investments.

Posted in GST | 285 Views

GST Fraud Crackdown: Former Employee Arrested in Noida for Rs 10 Crore Fake Invoice Scam

09 September 2025 at 09:12

Greater Noida police arrested a former employee for generating fake GST invoices worth Rs 10 crore to fraudulently claim Rs 1.8 crore ITC. Laptop, phones and documents seized.

Posted in GST | 339 Views

GST Overhaul Aims to Simplify Compliance, Boost Consumption: FM Sitharaman

09 September 2025 at 09:08

FM Nirmala Sitharaman says GST overhaul will simplify compliance, speed up refunds, and reduce household costs. From Sept 22, 400 items including cars, soaps, and insurance to get cheaper.

Posted in GST | 303 Views

FM Sitharaman: Companies Must Pass GST Rate Cut Benefits to Consumers

09 September 2025 at 08:59

FM Nirmala Sitharaman urges companies to pass on GST rate cut benefits to consumers, as GST 2.0 takes effect on Sept 22. CBIC warns industries to ensure compliance; relief package for exporters planned.

Posted in GST | 1944 Views