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FAQ-3: GST Rate Updates for Goods & Handicrafts – 56th Council

September 18, 2025 7119 Views 1 comment Print

CBIC has released new notifications on September 17, 2025, to update CGST rates on goods, exemptions, and compensation cess rates for various products.

GST Rate Cut: Manufacturers Can Use Existing Stock Until 31 Mar 2026

September 18, 2025 17790 Views 0 comment Print

Govt allows manufacturers to use existing stock and packaging without re-labelling until 31 Mar 2026; revised GST prices to be communicated to retailers.

Inter-operable Regulatory Sandbox (IoRS) – RBI FAQs

September 17, 2025 1149 Views 0 comment Print

The Reserve Bank of India introduces a new Inter-operable Regulatory Sandbox for testing hybrid financial products under a single window with multiple regulators.

UTGST Rate Amendments on Various Services from 22nd Sept 2025

September 17, 2025 1164 Views 0 comment Print

The Ministry of Finance has issued amendments to Union Territory tax rates, adjusting them for various services including logistics, beauty, and job work.

UTGST Rate for Bricks and Tiles Set at 12% wef 22nd September 2025

September 17, 2025 2382 Views 0 comment Print

Govt. notifies 12% UTGST on fly ash bricks, building bricks, and tiles, effective 22 Sept 2025, under new GST rate notification.

Govt notifies UTGST Rates for Handicrafts, Artware & Jewellery wef 22nd Sep 2025

September 17, 2025 750 Views 0 comment Print

The Ministry of Finance has revised tax rates on numerous handcrafted items, setting them at 2.5% and 1.5% effective September 22, 2025.

Directors Penalized for Missing Disclosures in Annual Board Report

September 17, 2025 765 Views 0 comment Print

ROC Mumbai fines Maxwell Life Science for failing to disclose mandatory details in its Board Report, violating the Companies Act, 2013.

ROC Clarifies Limits of Section 178 Adjudication for Directors

September 17, 2025 1035 Views 0 comment Print

Officers and company directors are not liable for penalties under Section 178(8) for defaults occurring before 21 December 2020, reinforcing decriminalization provisions.

Directors Fined for failing to disclose statutory information in Director Report

September 17, 2025 894 Views 0 comment Print

ROC Mumbai imposes penalties on Maxwell Life Science Limited and its directors for failing to include mandatory disclosures in the company’s Board Report.

New UTGST Rates for Goods wef 22nd September 2025

September 17, 2025 1215 Views 0 comment Print

A new tax notification from the Ministry of Finance revises Union Territory tax rates on goods, effective September 17, 2025, superseding a 2017 order.

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