GST News
GST 2.0 Impact: Insurers Slash Agent Commissions as ITC Withdrawal Raises Costs
08 November 2025 at 06:31Insurance agents have approached the Finance Ministry and GST Council after insurers reduced commissions due to loss of input tax credit under GST 2.0. Officials say the matter is a commercial one between insurers and agents, not a GST policy issue.
GST Team Monitors Horse Sales at Pushkar Fair as 5% Tax Applies for the First Time on Transactions Above Rs 40 Lakh
07 November 2025 at 06:32For the first time, GST officials monitored horse sales at Rajasthan's Pushkar Fair, applying 5% GST on transactions above Rs 40 lakh. Authorities said no horse has sold beyond Rs 10 lakh despite viral social media claims.
Two Women Booked for Rs 2.56 Crore GST Evasion by Creating Fake Firm in Lucknow
07 November 2025 at 06:32Two women traders in Lucknow have been booked for evading Rs 2.56 crore in GST by creating a fake firm, Gorupan Enterprises. The State Tax Department discovered the firm's address and contact details to be bogus.
20 States Report Dip in GST Collections in October Amid Transition to GST 2.0 Rate Structure
06 November 2025 at 06:46GST collections slowed to 4.6% in October as 20 states saw declines, reflecting transition effects from the new GST 2.0 rate reform introduced in September.
CBIC Clarifies GST Registration Requirement for Importers Storing Goods in Warehouses Outside Their Home State
06 November 2025 at 06:46CBIC clarifies that businesses storing goods in warehouses located in other States must obtain separate GST registration. The clarification outlines GST liability, invoicing, place of supply and compliance requirements under the CGST and IGST Acts.
CBI Books CGST Assistant Commissioner in Jaipur for Rs 2.54 Crore Disproportionate Assets
04 November 2025 at 06:33The CBI has booked a CGST Assistant Commissioner from Jaipur for allegedly possessing assets worth Rs 2.54 crore, 100% beyond known income sources.
Gross GST Revenue Rises 4.6% YoY to Rs 1.96 Lakh Crore in October 2025
03 November 2025 at 06:26India's gross GST revenue rose 4.6% year-on-year to Rs 1.96 lakh crore in October 2025, driven by strong import collections and higher compliance. Cumulative FY26 GST collections up 9% to Rs 13.89 lakh crore.
GST Registration to Be Auto-Approved Within 3 Days Under New CBIC Rules, Effective 1st Nov 2025
03 November 2025 at 06:26CBIC dated Oct 31, 2025, has introduced new Rules 9A and 14A under the CGST Rules, enabling electronic auto-approval of GST registration and simplified registration for small taxpayers with monthly tax liability below Rs 2.5 lakh, effective Nov 1, 2025.
SC Halts GST Demand on JDA Project, Sparks Debate on Taxability of Land Transfers
03 November 2025 at 06:26The Supreme Court has stayed a GST demand on a real estate project under a Joint Development Agreement (JDA), reigniting debate on whether development rights constitute a taxable service or transfer of land.
GSTN Issues Advisory on Simplified GST Registration Scheme under Rule 14A Effective 1st November 2025
01 November 2025 at 15:53The GSTN, on November 1, 2025, issued an advisory introducing the Simplified GST Registration Scheme under Rule 14A of the CGST Rules, 2017.
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