CAclubindia News
Police Arrest Four for Impersonating Income Tax Officers, Extorting Citizen at Gunpoint
25 August 2025 at 09:03Surendranagar police arrested four men posing as income tax officers for extorting valuables at gunpoint. Cash, gold, and SUVs worth over Rs 24 lakh seized; three accused still absconding.
GST Rationalisation: Real Estate Sector Poised for Major Boost
25 August 2025 at 08:54The GoM on GST rationalisation has approved a two-slab structure of 5% and 18%, removing 12% and 28% rates. Experts say the move could cut housing costs, boost buyer sentiment, and improve transparency in India's real estate sector.
FMCG Distributors Seek Clarity from Finance Minister on GST Rate Transition
25 August 2025 at 08:49FMCG distributors urge Finance Minister to issue guidelines on GST rate cuts, warning of supply chain disruption, margin pressure and ITC concerns during the transition.
GoM Endorses GST Reform: Proposal to Cut Slabs from 4 to 2 Moves Forward
25 August 2025 at 08:42GoM backs Centre’s proposal to simplify GST slabs from four to two, retaining 5% and 18% with a special 40% slab for luxury goods. States seek clarity on revenue loss before GST Council’s final call
Chartered Accountant arrested by ED in Rs 792 Crore Falcon Invoice Discounting Scam
25 August 2025 at 08:36ED Hyderabad arrests CA Sharad Chandra Toshniwal in the Rs 792 crore Falcon invoice discounting scam for allegedly laundering funds. Probe reveals fake investment scheme, diversion of money and concealment of illicit assets
GST Rate Cuts to Cost Exchequer Rs 1.43 Lakh Crore, US Tariffs Threaten Growth
23 August 2025 at 09:37HSBC warns that GST rate revisions could cost India Rs 1.43 lakh crore, while US tariffs of 25-50% may lower GDP growth by up to 70 basis points. States face fiscal strain under FRBM limits.
GST Exemption on Health, Life Insurance Proposed; Experts Flag ITC Concerns
23 August 2025 at 09:28GoM proposes GST exemption on health & life insurance premiums. Experts warn of input tax credit challenges; final call with GST Council.
GST Burden on Private Security Firms Unjust, Says CAPSI in Letter to PM Modi
23 August 2025 at 09:17CAPSI urges PM Modi to review 18% GST on private security services, citing RCM disparity that impacts MSMEs and over 8.5 million workers.
56th GST Council Meeting Scheduled for 3rd to 4th September 2025
23 August 2025 at 09:06GST Council to hold its 56th meeting on Sept 3-4, 2025, in New Delhi. Key tax policy discussions expected; agenda details to follow.
GoM Backs Two-Slab GST Structure, Proposes 40% Rate on Luxury and Sin Goods
23 August 2025 at 08:53GoM accepts Centre's proposal for two GST slabs of 5% and 18%, with a new 40% rate on luxury and sin goods; states seek extra cess to protect revenue.
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