GST News
GST 2.0 Overhaul: Govt Considers Reducing GST on Insurance from 18% to 5% or Nil
20 August 2025 at 09:17The government is planning to slash GST on insurance premiums from 18% to 5% or even zero under its proposed GST 2.0 reforms, while restructuring slabs into 5%, 18%, and a 40% sin tax for luxury goods like tobacco and alcohol.
GST Registration to Be Cleared in Just 3 Days, Refunds to Be Automated Under Upcoming Reforms
19 August 2025 at 09:24Businesses will soon get GST registration within 3 days, with 95% of applications cleared in the new timeframe. Automated refunds for ITC and inverted duty structures will further ease compliance and improve cash flows.
GST Fraud: Ambika Steel Partner Arrested in Hyderabad for Bogus ITC Claims
19 August 2025 at 09:17CCS Hyderabad police arrested the Managing Partner of Ambika Steel for alleged GST fraud involving fake invoices and e-way bills. Vehicle numbers were misused to claim ITC without moving goods.
GST Reforms: Sin Goods to Stay Costly, Relief Likely for Man-Made Fabrics
19 August 2025 at 09:12While sin goods like cigarettes and gutka will remain under high tax slabs, the Centre is considering lowering GST on man-made fabrics from 12% to 5% to boost the textile sector.
GST on Automobiles Set for Major Restructuring in Upcoming Reforms
19 August 2025 at 09:00The Centre plans sweeping GST reforms, restructuring automobile taxes from the current 28% plus cess to a simplified two-slab system. The move aims to resolve classification disputes and make cars more affordable for consumers.
GST Council Likely to Approve 5% and 18% Two-Slab Structure: Big Reforms Coming by Diwali
16 August 2025 at 08:57The GST Council may finalise next-gen reforms in its September-October meeting, including a two-slab structure of 5% and 18%, a 40% sin tax, faster refunds, and pre-filled returns to ease compliance.
GST System to Align AATO Figures on NIC e-Invoice Portals from 1st September 2025
16 August 2025 at 08:38From September 1, 2025, NIC e-Invoice portals will display Aggregate Annual Turnover (AATO) data aligned with GST system records. Taxpayers can report discrepancies via the GST Grievance Redressal Portal or Helpdesk.
PM Modi Announces Next-Gen GST Reforms to Boost Economy and Ease of Living
16 August 2025 at 08:37On the 79th Independence Day, PM Narendra Modi announced plans for next-generation GST reforms focusing on structural changes, rate rationalisation, and ease of living to benefit the common man, farmers, MSMEs and key economic sectors
Rajasthan Commercial Taxes Dept Tightens ITC Verification for Delayed GST Registrations
15 August 2025 at 07:59Rajasthan GST Dept issues circular to reject ITC claims on pre-registration stock for businesses registering after 30 days; directs strict monitoring to curb revenue leakage.
SGST Department Arrests Two Company Directors for Rs 50 Crore GST Evasion Through Fake ITC Claims
15 August 2025 at 07:29SGST arrests two company directors in Rs 50 crore GST evasion cases involving fake invoices and fraudulent ITC claims, as authorities intensify crackdown on tax fraud
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