- 17 Sep 2025 06:16 PM
- New
FAQs-2 on decisions of 56th GST Council
Source: https://taxguru.in/goods-and-service-tax/faqs-2-decisions-56th-gst-council.html
The Ministry of Finance has released a second set of Frequently Asked Questions (FAQs) to clarify key decisions from the 56th GST Council meeting. The new guidelines cover a range of sectors, from pharmaceuticals and construction to services and logistics. Regarding medicines, the National Pharmaceutical Pricing Authority (NPPA) has stated that while manufacturers must revise the Maximum Retail Price (MRP) to reflect new GST rates, it is not mandatory to recall or re-label existing stocks in the supply chain if price compliance can be ensured at the retail level.
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- 16 Sep 2025 05:38 PM
- New
ICAI Requests Clarification on GST Appeal Jurisdiction
Source: https://taxguru.in/goods-and-service-tax/icai-requests-clarification-on-gst-appeal-jurisdiction.html
This letter from the Institute of Chartered Accountants of India (ICAI) to the Central Board of Indirect Taxes & Customs (CBIC) outlines concerns with a recent circular regarding the jurisdiction for appeals and revisions of orders from Common Adjudicating Authorities (CAAs). The ICAI points out that while a notification granted all-India jurisdiction to certain Joint and Additional Commissioners to adjudicate show cause notices from the DGGI, a subsequent circular attempts to extend the same all-India jurisdiction to appellate authorities.
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- 16 Sep 2025 05:35 PM
- New
ICAI: Suggestions To Enhance Efficacy of GST Adjudication
Source: https://taxguru.in/goods-and-service-tax/icai-suggestions-enhance-efficacy-gst-adjudication.html
The Institute of Chartered Accountants of India (ICAI) has identified several issues in the GST adjudication process. These include the last-minute issuance of show-cause notices (SCNs) and a lack of clear, specific charges against taxpayers. Many SCNs are poorly drafted, with vague allegations and templated language, often failing to justify the extended period for tax evasion claims.
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- 16 Sep 2025 05:30 PM
ICAI’s Suggestions on Practical Issues in GST
Source: https://taxguru.in/goods-and-service-tax/icais-suggestions-practical-issues-gst.html
The Institute of Chartered Accountants of India (ICAI), a statutory body established by an Act of Parliament, has identified and proposed solutions for practical issues faced by taxpayers under the Goods and Services Tax (GST) regime. The GST & Indirect Taxes Committee of ICAI gathered feedback from members nationwide to address challenges in areas like registration, refunds, input tax credit, and adjudication.
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- 09 Sep 2025 06:12 PM
GST reforms were long overdue, there were too many rates, says Jamshyd Godrej
Jamshyd Godrej, Managing Director of Godrej & Boyce, has said that the Goods and Services Tax (GST) was long overdue and underlined the need for resilience in the face of global disruptions.
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- 09 Sep 2025 06:07 PM
Rajesh Shukla: We can count on India’s GST reset to re-spark consumption
India’s GST Council has finally done what many had hoped for since 2017—simplified the regime and made it more pro-consumption. From 22 September, the goods and services tax (GST) will collapse into two main rates of 5% and 18%, plus a stiff 40% for a narrow set of luxury and ‘demerit’ goods.
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- 09 Sep 2025 06:27 PM
Compensation cess accumulated in auto cos books to lapse on Sep 22: Official
New Delhi, Sep 9 (PTI) An estimated ₹2,500 crore accumulated compensation cess on the books of auto companies will lapse on September 22, when the new GST rates come into effect, an official said.
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- 09 Sep 2025 06:32 PM
Major GST Reductions to Boost Cooperatives, Farmers & Rural Enterprises
The central government has announced significant GST rate reductions across sectors that directly impact cooperatives, farmers, and rural enterprises. These reforms include GST exemptions on milk and paneer and a reduction to 5% on butter and ghee, directly benefiting over 10 crore dairy farmers. The tax on various cooperative-processed foods like cheese, pasta, jams, and juices has also been reduced to 5%, which is intended to lower household expenses and stimulate demand. Additionally, GST on packing materials like paper, cases, and crates is now 5%, which eases logistics costs. In agriculture, tractors under 1800 cc and their components have seen GST reduced to 5%, as have key fertilizer inputs and twelve bio-pesticides. This aims to make farm equipment and inputs more affordable, promoting mechanization and sustainable farming practices. Commercial trucks and delivery vans now have an 18% GST rate, which is expected to reduce logistics costs and improve export competitiveness.
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- 09 Sep 2025 06:24 PM
Govt allows revised MRP stickers on unsold stock after GST rate changes
Manufacturers and importers can adjust maximum retail prices to reflect new GST rates until 31 December, easing transition and reducing packaging waste.
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- 09 Sep 2025 06:21 PM
GST reform needs more than rate cuts. The ball is in the states' court
The latest rationalisation of GST slabs has sent a quiet but significant signal: tax rates are no longer untouchable. In the past, governments have hesitated to fiddle with tax rates much, on the premise that a bird in the hand is worth two in the bush.
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