GST News
GST Collections Could Hit Rs 4-5 Lakh Crore Monthly if Loopholes Plugged: SBI Chief Economic Advisor
24 November 2025 at 06:21India’s GST revenues could rise to Rs 4-5 lakh crore a month if loopholes are plugged, SBI's Chief Economic Advisor said, noting strong growth from Rs 1 lakh crore to over Rs 2 lakh crore monthly collections in five years.
GST Cut on Solar Modules Offers Limited Relief as Developers Struggle With ITC Delays
22 November 2025 at 06:33Solar companies report minimal relief from the GST reduction on modules as restricted ITC claims offset expected savings. Developers say meaningful gains depend on faster refund mechanisms.
Traders Claim GST Compliance Getting Tougher for Small Businesses
21 November 2025 at 06:26Haryana traders raised concerns over rising GST burden, complex compliance and the growing dominance of foreign online trading companies during a meeting in Sirsa.
GSTN Issues Advisory on Mandatory Furnishing of Bank Account Details Under Rule 10A
21 November 2025 at 06:25GSTN issues advisory reminding taxpayers to furnish bank account details as per Rule 10A within 30 days of registration or before filing GSTR-1/IFF
CGST Raid on Jalandhar's Famous Dhaba: Rs 3 Crore Cash Seized, Tax Evasion Suspected
21 November 2025 at 06:25Central GST officials recovered Rs 3 crore cash during a raid on Agarwal Dhaba in Jalandhar, Punjab. Preliminary investigation points to large-scale tax evasion and irregularities in financial records.
Telangana Issues SOP to Prevent Multiple GST Orders for Same Cause of Action
21 November 2025 at 06:25The Telangana Commercial Taxes Department has issued a new SOP to prevent and rectify multiple GST orders issued for the same cause of action under the TGST Act, 2017.
GST Cut Impact Limited as Apparel and Footwear Sales Decline in September Quarter
20 November 2025 at 09:21Despite GST cuts on apparel and footwear, India’'s festive sales remained muted as early Diwali, weak discretionary spending and GST transition delays hurt demand across retailers.
India's Q2 GDP Growth Set to Exceed 7.5% on Festive Consumption Boost: SBI Research
20 November 2025 at 06:42India's Q2 GDP may exceed 7.5% driven by GST rate cut, festive consumption, and strong rural and services demand, says SBI Research, projecting robust near-term growth.
Three Businessmen Held in Maharashtra for Bogus ITC Claims Worth Over Rs 180 Crore
19 November 2025 at 06:40Maharashtra GST officials have arrested three businessmen in separate fake Input Tax Credit (ITC) scams totaling over Rs 180 crore, including frauds worth Rs 114 crore, Rs 56 crore, and Rs 10 crore.
Mumbai Man Held for Rs 75 Lakh GST Fraud Using Forged Documents in Goa
18 November 2025 at 06:39Bicholim police have arrested a Navi Mumbai resident for a Rs 75 lakh GST fraud involving fake registration under Green Agro Industries using forged documents.
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