President Murmu highlights Reforms Express, GST 2.0 savings of Rs 1 lakh crore, two-tier GST structure and major income tax relief for middle-class families.
Union Budget 2026-27 will be presented on February 1, 2026. Here’s how GST plays a crucial role in revenue forecasting, fiscal deficit management, and centre-state finances.
Trombay police booked a Lucknow-based chartered accountant for allegedly misusing a friend's GST account, leading to a Rs 4.69 crore tax demand and frozen bank account.
The Bombay High Court stayed GST demands exceeding Rs 10,000 crore on 13 insurance companies, citing CBIC circulars excluding co-insurance premiums and ceding commissions from GST.
The hotel industry has urged the GST Council to introduce a uniform 5% GST on hotel rooms and meals, scrapping the Rs 7,500 tariff threshold to simplify taxation and boost tourism and occupancy.
A GST enforcement officer in Palakkad was caught red-handed by VACB while accepting a Rs 3.5 lakh bribe to release seized scrap-laden lorries. The accused will be produced before the vigilance court.
Small business owners across India are urging the Centre to announce GST relief, faster refunds, and simplified compliance in the Union Budget 2026–27.
VACB registers a case against a former State tax officer for allegedly holding Rs 23.46 lakh in assets disproportionate to known income; raids conducted in Ernakulam.
Economic Offences Cell registers case against Belagavi-based GST consultant for alleged Rs 10 crore fraud involving fake supplies, forged returns, and ITC diversion.
GSTAT allows lenient scrutiny of appeals for 6 months, directs registries to ignore minor defects while filing appeals on the GSTAT portal.
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