GST Council removes Section 13(8)(b) of IGST Act, making intermediary services exports eligible for zero-rated GST benefits under new place of supply rules
Major GST update: Amendments to Section 15 & 34 of CGST Act clarify post-sale discount treatment and improve compliance framework
PM Modi hails GST Council for approving rate cuts & reforms, benefiting farmers, MSMEs, middle class, women and youth, ensuring ease of living & business.
GST Council approves a simplified two-tier GST structure - 18% & 5% with major exemptions on insurance, food, medicines, and more. Changes effective 22 September 2025
The 56th GST Council meet on Sept 3-4 may rationalise service tax slabs, shifting many items from 12% to 5%. Industries brace for festive season demand surge amid GST uncertainty.
The 56th GST Council meet on Sept 3-4 may approve full GST exemption on life & health insurance policies. Proposal could save policyholders Rs 9,900 crore annually.
FAIDA has urged the Finance Ministry to levy GST on the MRP of cigarettes upfront to curb leakages and illicit trade. The proposal will be discussed at the GST Council meeting on 3-4 Sept 2025.
Ahead of the GST Council meeting on 3-4 Sept 2025, TV & digital news broadcasters urged FM Nirmala Sitharaman to shift GST tax point on ads to payment receipt and allow ITC on blocked expenses.
ICAI has postponed the CA Final & Intermediate exams scheduled on 3rd and 4th September 2025 in Punjab and Jammu City due to heavy rainfall and floods. Revised dates will be announced soon.
A grocery shopkeeper in Bulandshahr, UP, was shocked after receiving a Rs 141 crore tax notice when his PAN card was allegedly misused to create fake firms.
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