GST
SUV, sedan prices likely to see sharp cut, with lower 40% GST
It isn’t just small cars and two-wheelers, large sedan and SUVs too are likely to see a sharp reduction in prices as goods and services tax (GST) is expected to come down from the current, up to 50% , to proposed 40%, the slab for luxury and sin goods.
GST reform: Will it make smartphones cheaper? Here’s how the phone prices may get affected
As India prepares for its upcoming Goods and Services Tax (GST) reforms, the mobile phone industry is pushing for a major change that could impact buyers directly. The India Cellular & Electronics Association (ICEA) has urged the government to reduce GST on mobile phones from 18% to 5%.
GST registration in 3 days for 95% applicants; refunds to be automated for faster processing
Businesses will soon be able to secure Goods and Services Tax (GST) registration in just three calendar days, with 95 percent of applications expected to be cleared within this timeframe
GoM nod for simpler GST, but some states flag compensation
A group of ministers (GoM) approved, in principle, the Union government’s proposal to reduce the number of Goods and Services Tax (GST) brackets from four to two main slabs in order to substantially reduce tax burden on the consumer, although some of the ministers expressed concerns over the revenue implication of the move and sought ways in which the states could be compensated.
Monthly ‘samvaad’ to redress GST disputes
In an effort to foster greater cooperation between taxpayers and the Goods and Services Tax (GST) administration, the Central Goods and Services Tax (CGST) commissionerate of Gautam Budh Nagar has announced the launch of a monthly interaction initiative title ‘Samvaad’.
Telangana Dy CM Bhatti backs GST reforms but seeks proper compensation mechanism
Deputy Chief Minister Mallu Bhatti Vikramarka said that the proposal of rate rationalisation and reduction of tax burden is always welcome, but at the same time, it must be balanced by ensuring that the revenues of the states are protected.
The Hon’ble High Court of Madhya Pradesh in the case of M/s Study Metro Edu Consultant Pvt. Ltd. through its Authorised Signatory Abhishek Bajaj held that the imprint of the Investigating Authority under Section 74(9) of the CGST Act does not bind the adjudicating authority; services rendered to foreign universities should be adjudicated independently under the proper classification and place of supply rules, and the petitioner’s writ petition is dismissed.
PMLA
ED arrests auditor in Falcon invoice scam worth ₹792 crore
The Directorate of Enforcement (ED), Hyderabad Zonal Office, arrested chartered accountant Sharad Chandra Toshniwal on Wednesday, August 20 in connection with the Capital Protection Force Pvt. Ltd. case involving Amardeep Kumar and others.
Income tax
On August 18, 2025, the Central Board of Direct Taxes (CBDT) issued a notification which effectively increased the income threshold limits for calculating tax-free perquisites (perks) in salary income. These new limits were introduced in the Finance Act, 2025, via a notification in the India e-Gazette, and will take effect from April 1, 2025 (AY 2026-27).
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