- 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.
Read More
- 10 Dec 2025 05:55 PM
- New
GST Council Introduces Provisional Refunds for Inverted Duty Structure: MOF
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.
Read More
- 09 Dec 2025 06:34 PM
- New
Are you adequately insured? Why most families don’t have enough cover until it’s too late
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.
Read More
- 09 Dec 2025 06:29 PM
With such heavy supply, you can’t expect a runway market, says Axis Mutual Fund’s Ashish Gupta
India is in a better position, and 2026 appears to be an improvement over last year, according to Ashish Gupta, chief investment officer (CIO), Axis Mutual Fund. “But with such heavy supply, you can’t expect a runaway market," he said.
Read More
- 08 Dec 2025 05:36 PM
FMCG input costs are moving in opposite directions—what it means for margins
NEW DELHI: Prices of key inputs for the fast-moving consumer goods (FMCG) sector are moving in opposite directions, creating a mixed margin outlook for companies such as Hindustan Unilever, Marico and Parle Products.
Read More
- 06 Dec 2025 05:32 PM
Customs duty simplification to be next major reform push, says Sitharaman
Sitharaman said the proposed reforms would be similar to the reforms and simplification in the Income Tax Act
Read More
- 06 Dec 2025 05:27 PM
The week in charts: GDP puzzle, GST hit, FDI inflows, slowing industrial production
In this weekly Plain Facts compilation, we present to you data-based insights, with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by.
Read More
- 06 Dec 2025 05:35 PM
FM interview: Rupee will find its way, says Nirmala Sitharaman at HTLS 2025
Speaking at HTLS 2025, Finance Minister Nirmala Sitharaman discussed the Indian rupee's performance against the dollar, emphasising the need to focus on current economic fundamentals. Despite the rupee's decline, she remains optimistic about India's growth trajectory.
Read More
- 06 Dec 2025 05:21 PM
Govt moves to nix any pan masala cess-dodging tactics
The government plans to implement capacity-based taxation on pan masala variants to combat tax evasion. The Health Security se National Security Cess Bill 2025 was approved, allowing quick inclusion of similar products, with proceeds aimed at funding public health and national defense initiatives.
Read More
- 06 Dec 2025 05:39 PM
Indian economy to grow 7% or more in FY26; customs next big reform area: Sitharaman
Finance minister Sitharaman emphasized a major reform of India's customs duty structure and projected a 7% economic growth this fiscal year. The minister talks about rupee, consumtion and more
Read More