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CBIC releases FAQ-2 on GST rate rationalisation

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GST reforms for coal: Cess abolished, ITC unlocked, incidence rationalised at 39.81%

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MoFPI, Industry Leaders pledge to pass on GST Rate Cut Benefits under Next-Gen Reforms

Circulars/Notifications

CBIC notifies Regulations prescribing clear timelines for provisional assessment finalisation

Circulars/Notifications

CBIC instruction on QCO exemption for importing Aerospace grade Hydrogen Peroxide for R&D

Circulars/Notifications

CBIC issues clarification on multiple doubts over treatment of post-sale discounts

News

Bombay HC quashes SCNs/orders issued u/R 96(10) & 89(4B), citing lapse of proceedings post-omission

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CBIC debunks social media claims of ‘transition benefits’ being circulated under Chairman’s name

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GSTN Advisory - File pending GST-returns now before portal bars them this September

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Govt. permits MRP revision on unsold stock following rate changes

Circulars/Notifications

DGFT revises export policy of Animal by-products in line with EU-Regulations

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Prime Minister lauds GST Council’s overwhelming consensus on Government’s rate-rejig proposals

Circulars/Notifications

DGFT clarifies MIP applicability on Virgin Multilayer Paper Board imports by EOUs, SEZs

Circulars/Notifications

DGFT imposes Minimum Import Price on Virgin Multi-layer Paper Board till March 2026

News

Scraps tax on Indian-breads nullifying rulings oscillating between 5% & 18%

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40% GST on Online Gaming, Casinos, Horse Racing, IPL admission-fees

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GST exemption on all individual life insurance and health insurance policies

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GST Refunds in respect of low-value export consignments

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GST Council floats risk-based provisional refund system arising out of IDS from Nov 01

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Amendment to post-sales discount, mandates issuance of credit-note to avail such discount