11 Dec 2025 05:43 PM
New

Rise in e-way bills signals improved economic activity in November

Source: https://www.livemint.com/economy/eway-bills-e-way-bills-november-2025-gst-collections-11765437551998.html

An increase in the number of e-way bills generated for the shipment of goods within and across states suggested there was an uptick in economic activity in November after a dip in October, according to data available from GSTN, the company that processes tax returns.

11 Dec 2025 06:16 PM
New

Why December 2025 is the best car-buying window - there's more to it than GST cuts

Source: In charts: Will India’s passenger car market continue revving up after November surge? http://www.gstclub.in/news/2520/In-charts-Will-Indias-passenger-car-market-continue-revving-up-after-November-surge

The Indian automotive sector is gearing up to end the calendar year on an exceptionally strong note, fuelled by a combination of record-breaking festive sales, favourable tax reforms and the onset of the traditional year-end stock-clearance period. This cocktail of conditions has created one of the most consumer-friendly buying windows in recent years—an opportunity amplified by the lasting impact of the recent goods and services tax rate cuts.

10 Dec 2025 06:06 PM
New

CBIC Monitors GST Rate Reduction to Ensure Consumer Benefits

Source: https://taxguru.in/goods-and-service-tax/monitoring-gst-reduction-benefits-cbic.html

Following the GST rate rationalization recommended in the 56th GST Council meeting on September 3, 2025, the Central Board of Indirect Taxes and Customs (CBIC) has been authorized to monitor the pass-through of GST benefits to end consumers. CBIC tracks prices of essential commodities, including packaged foods and medicines, before and after September 22, 2025, to ensure reductions are reflected in retail prices.

10 Dec 2025 05:40 PM

Retail inflation likely inched up to 0.8% in November: Mint poll

Source: https://www.livemint.com/economy/retail-inflation-0-8-november-mint-poll-rbi-core-inflation-repo-rate-gdp-food-deflation-gst-cuts-11765347567445.html

India’s retail inflation likely inched up to 0.8% in November from a record low of 0.25% in October, largely driven by fading base effects, a Mint poll of 20 economists showed. While inflation is expected to have bottomed-out in October, prices pressures are expected to remain weak both in foods (due to a good monsoon and harvest) and non-foods (due to GST cuts and possibly weak demand).

10 Dec 2025 05:55 PM

GST Council Introduces Provisional Refunds for Inverted Duty Structure: MOF

Source: https://taxguru.in/goods-and-service-tax/gst-council-introduces-provisional-refunds-inverted-duty-structure-mof.html

The Minister of Finance addressed concerns regarding challenges from the Inverted Duty Structure (IDS) under GST, highlighting that GST rates are prescribed by the GST Council, which in its 56th meeting on 3rd September 2025 recommended rationalizing the existing 4-tiered structure into a simplified 2-rate system—18% standard and 5% merit rate—with a 40% de-merit rate for select goods and services. While IDS has historically caused issues with blocked Input Tax Credit (ITC), the Council clarified that no ITC blockage is prescribed under current law.

10 Dec 2025 05:51 PM

Most GST Compensation Dues Cleared, Only Two States Pending: Govt

Source: https://taxguru.in/goods-and-service-tax/gst-compensation-dues-cleared-states-pending-govt.html

The Minister of State for Finance clarified in Rajya Sabha on 2nd December 2025 that almost all GST compensation dues have been paid to States/UTs for FY 2017-18 to 2021-22, except Arunachal Pradesh and Manipur, pending submission of audited AG certificates.

10 Dec 2025 05:44 PM

ADB raises India FY26 GDP forecast to 7.2%

Source: https://www.livemint.com/economy/adb-raises-india-fy26-gdp-forecast-to-72-11765347616650.html

The improved forecast for India follows a stronger-than-expected 8.2% expansion in the September quarter.

10 Dec 2025 05:47 PM

Government Mandates Retail Sale Price Display on Pan Masala Packs

Source: https://taxguru.in/goods-and-service-tax/government-mandates-retail-sale-price-rsp-display-pan-masala-packs.html

The Ministry of Consumer Affairs has issued the Legal Metrology (Packaged Commodities) Second (Amendment) Rules, 2025, mandating that all pan masala packs, irrespective of size or weight, must display the Retail Sale Price (RSP) and comply with all other declarations under the Legal Metrology (Packaged Commodities) Rules, 2011.

10 Dec 2025 05:37 PM

Are you adequately insured? Why most families don’t have enough cover until it’s too late

Source: https://www.livemint.com/money/personal-finance/term-insurance-adequate-cover-family-financial-planning-11765113370344.html

A term insurance plan offers more than a sense of security, it creates a financial cushion that protects your family in case of your absence. With the recent goods and services tax (GST) rate overhaul making term insurance products 18% cheaper, many people focus on simply "having" a policy. Far fewer stop to assess whether their life cover is actually adequate for their family’s needs.

10 Dec 2025 06:23 PM

Empanelment of CAs/Cost Accountants for Special GST Audit

Source: https://taxguru.in/goods-and-service-tax/empanelment-cas-cost-accountants-special-gst-audit.html

The CGST & Central Excise Bhiwandi Commissionerate has invited online Expressions of Interest (EOIs) from Chartered Accountants, CA firms, Cost Accountants and Cost Accountant firms for empanelment to conduct Special Audits under Section 66 of the CGST Act, 2017.