GST News
GST Reduction Boosts Auto Sales, Consumers in Food and Medicine Categories See Limited Relief
08 October 2025 at 06:40While GST rate cuts boost auto sales, only a fraction of consumers benefit in packaged foods and medicines. LocalCircles urges govt action to ensure full pass-through.
IRDAI Likely to Review GST ITC Impact on Insurance Distributor Payouts
08 October 2025 at 06:40Private insurers cut agent payouts by 15–18% to offset GST ITC loss, while LIC and public insurers maintain commissions. Agents seek intervention from IRDAI and Finance Ministry.
Kerala Traders Raise Concerns Over GST Exemptions Favoring Large Corporates
07 October 2025 at 05:51Traders in Kerala have expressed concern that the recent GST exemptions may be benefiting large corporates at the expense of small and medium trading establishments. The State President of Kerala Vyapari Vyavasayi Ekopana Samithi and National Secreta
State GST Raids 20 Companies in Jamnagar, Tax Evasion of Rs 80 Crore Unearthed
07 October 2025 at 05:51State GST raids 20 Jamnagar firms and a CA for tax evasion over Rs 80 crore; investigations reveal billing scam, more details expected after document review.
GST-Free Insurance Fuels Demand: 61% Surge in Enquiries Post GST Waiver on Insurance Premiums
07 October 2025 at 05:51GST waiver on life and health insurance sparks 61% surge in enquiries; insurers pass full benefits to customers, making coverage more affordable.
GST Exemption on Insurance Premiums Triggers 18% Commission Cut by Insurers
07 October 2025 at 05:51After the government removed 18% GST on life, health, and accident insurance, major insurers slashed distributor commissions by 18% to offset loss of input tax credit (ITC). Agents warn the move could weaken insurance distribution and hurt penetration.
CA and Advocate Arrested in Rs 79.18 Crore GST Evasion Case
07 October 2025 at 05:51DGGI officials arrested a chartered accountant and an advocate from Sonepat for a Rs 79.18 crore GST evasion scam involving fake ITC claims. In a separate case, a Kanpur court denied bail to a Bengaluru man accused of ₹85 crore corporate forgery.
V-Mart Bets Big on Rs 1000 Apparel Line After GST Cuts Spur Consumer Demand
06 October 2025 at 07:14V-Mart to expand its Rs 1,000 apparel range as GST 2.0 cuts tax to 5% on clothes below Rs 2,500, boosting demand in India's value retail market.
Navratri Sales Hit 10-Year High as GST Cuts Fuel Festive Shopping Surge
06 October 2025 at 07:14India's festive season witnessed a remarkable rebound this year, with Navratri sales reaching a 10-year high, driven largely by the recent GST rate cuts and improved consumer sentiment, according to government officials.
Paper Traders Warn of ITC Blockage and Rising Costs, Seek 5% Uniform GST Rate
06 October 2025 at 07:14Indore Paper Traders urge govt to fix GST anomalies by introducing a uniform 5% rate on all paper products to ease compliance and boost competitiveness.
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