GST News

GST Fraud Crackdown: Former Employee Arrested in Noida for Rs 10 Crore Fake Invoice Scam

09 September 2025 at 09:12

Greater Noida police arrested a former employee for generating fake GST invoices worth Rs 10 crore to fraudulently claim Rs 1.8 crore ITC. Laptop, phones and documents seized.

Posted in GST | 303 Views

GST Overhaul Aims to Simplify Compliance, Boost Consumption: FM Sitharaman

09 September 2025 at 09:08

FM Nirmala Sitharaman says GST overhaul will simplify compliance, speed up refunds, and reduce household costs. From Sept 22, 400 items including cars, soaps, and insurance to get cheaper.

Posted in GST | 201 Views

FM Sitharaman: Companies Must Pass GST Rate Cut Benefits to Consumers

09 September 2025 at 08:59

FM Nirmala Sitharaman urges companies to pass on GST rate cut benefits to consumers, as GST 2.0 takes effect on Sept 22. CBIC warns industries to ensure compliance; relief package for exporters planned.

Posted in GST | 1893 Views

GST 2.0 and Festive Season to Boost Car Sales

09 September 2025 at 08:54

Stellantis India CEO expects car sales to surge during the festive season, boosted by GST 2.0 rate cuts making small cars cheaper. Citroen launches Basalt X Range with premium features at Rs 7.95 lakh.

Posted in GST | 90 Views

CBIC Issues Clarification on Fake GST Transition Benefit Message Circulating Online

09 September 2025 at 08:48

CBIC warns against a fake GST message on transition benefits circulating on social media. The Board clarified the claims are misleading, urging reliance on official notifications only.

Posted in GST | 1485 Views

Petrol, Diesel, and Alcohol Unlikely to Come Under GST Soon: FM Sitharaman

08 September 2025 at 08:56

Finance Minister Nirmala Sitharaman confirmed petrol, diesel, and alcohol will remain outside GST for now, citing state revenue concerns, even as 99% of goods fall under simplified GST slabs of 0%, 5%, and 18%.

Posted in GST | 687 Views

FM Sitharaman Cites Popcorn Example in GST Reforms to Highlight Classification Issues

08 September 2025 at 08:56

Finance Minister Nirmala Sitharaman explains the rationale behind GST reforms, citing the "popcorn example" to highlight classification disputes.

Posted in GST | 1425 Views

FM Sitharaman Rules Out Capex Cuts Amid GST 2.0 Revenue Concerns

08 September 2025 at 08:56

Finance Minister Nirmala Sitharaman has assured that GST 2.0 will not derail India’s fiscal roadmap or ₹11.21 lakh crore capex plan for FY26. She said reforms will spur consumption while keeping fiscal deficit targets intact.

Posted in GST | 129 Views

Tobacco, Cigarettes May Face Additional Tax Over 40% GST, Says CBIC Chief

08 September 2025 at 08:56

Government to impose an additional levy on tobacco and cigarettes to maintain current tax incidence under GST 2.0; ultra-luxury cars to face only 40% tax.

Posted in GST | 369 Views

Food Delivery May Get Costlier as GST 2.0 Brings Delivery Fees Under 18% Tax

08 September 2025 at 08:56

GST 2.0 simplifies tax slabs to 5% and 18% to spur demand, but online food delivery via Zomato, Swiggy may cost Rs 2-2.6 more per order as delivery fees attract 18% GST.

Posted in GST | 1365 Views