- 24 Dec 2025 06:05 PM
- New
GST on MPLADS Works Does Not Cut Annual Fund Allocation
Source: https://taxguru.in/goods-and-service-tax/gst-mplads-works-cut-annual-fund-allocation.html
Summary: The Government informed Parliament that while transfers to MPLADS funds are outside the scope of GST, the utilisation of these funds for procuring goods and services attracts GST at applicable rates, which forms part of the project execution cost. It clarified that GST does not reduce the annual MPLADS entitlement of ₹5 crore per Member of Parliament, as tax components are factored into project cost estimates at the time of sanction.
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- 24 Dec 2025 06:20 PM
- New
CBI Arrests CGST Superintendent in Mumbai while accepting Rs. Five Lakh Bribe
Central Bureau of Investigation arrested a Superintendent of CGST Audit-I, Mumbai, on 22 December 2025 for allegedly accepting a bribe of ₹5 lakh from a private company director. The arrest followed a written complaint alleging that the officer, after conducting an audit on 26 November 2025, threatened to raise a fabricated tax demand of ₹98 lakh unless illegal gratification was paid.
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- 24 Dec 2025 05:43 PM
- New
Amid soaring AQI levels, Delhi HC directs GST Council to meet soon to consider lowering tax rate on air purifiers
The Delhi High Court has instructed the GST Council to hold a meeting as soon as possible to discuss lowering GST rates on air purifiers amid rising air pollution, PTI reported.
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- 24 Dec 2025 05:39 PM
GDP data revision: The statistics ministry has issued detailed notes for growth sceptics to delve into
India’s GDP revision next year has been preceded by discussion papers published by the ministry of statistics. This should cue debates on what India can reasonably expect to measure—and acquaint casual datasceptics with our challenges.
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- 24 Dec 2025 05:47 PM
Delhi air pollution: Why air purifiers aren't classified as medical devices? Here's all you need to know
The Delhi High Court on Wednesday lashed out at authorities for not exempting taxes on air purifiers, which it said have become a necessity amid the rising air pollution in Delhi.
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- 24 Dec 2025 05:58 PM
Govt's GST move singe dealers profits, investor interest as court case looms
Despite a 17% jump in vehicle sales, dealer margins have shrivelled due to aggressive discounting and non-refundable tax credits, leading the industry to seek relief from the Supreme Court.
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- 24 Dec 2025 05:53 PM
M&M announces board meeting date to consider Q3 results. Check details here
M&M Q3 results: Auto major Mahindra & Mahindra (M&M) on Wednesday, December 24, announced that its board will meet in the second week of February to consider and approve the financial results for the third quarter of the financial year 2025-26 (FY26).
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- 23 Dec 2025 06:20 PM
Budget 2026: Govt weighs easing GST compliance for small businesses
India’s 73 million MSMEs contribute 30% to the GDP and 45% to the overall exports. The proposed reforms, which follow a cut in GST rates in September this year, come at a time when small businesses have been hit by the steep US tariffs of 50%.
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- 23 Dec 2025 06:25 PM
Perfetti looks beyond ₹1 candies to drive growth in India
Even as ₹1 candies continue to account for the bulk of sales, the candy giant is pushing higher-priced ₹5 and ₹10 products, expanded distribution and new launches to drive growth in India’s sweets market.
NEW DELHI: Perfetti Van Melle, the Amsterdam-headquartered candy maker behind Chupa Chups, Mentos, and Alpenliebe in India, is pushing consumers toward higher price points of ₹5 and ₹10, even as ₹1 candies continue to dominate the market. The shift is part of the company’s effort to balance its portfolio in a candy market still heavily skewed toward ultra-low-value purchases.
- 23 Dec 2025 06:58 PM
Indian econ not immune to external headwinds but domestic growth remains resilient: RBI report
Mumbai: Global headwinds, including trade and policy uncertainties, continued to weigh on the Indian economy in the ongoing quarter, leading to foreign portfolio outflows. However, economic growth has been resilient on the back of domestic policy and regulatory support, according to the Reserve Bank of India (RBI).
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