Kerala GST Dept's 'Prancing Pony' raid found Rs 127.46 cr turnover suppression & Rs 12 cr tax evasion in 45 bar hotels. Probe against offenders continues.
Festive e-commerce sales in India jumped 23–25% YoY in the first two days, led by premium smartphones, TVs, and GST benefits, generating over Rs 1.15 lakh crore GMV.
Finance Minister Nirmala Sitharaman highlighted India's economic resilience, citing 7.8% GDP growth, sovereign rating upgrades, and strong reforms that helped the country withstand global challenges, tariffs and supply chain disruptions.
Digital payments in India surged to Rs 11 trillion on Sept 22 as new GST rates took effect, with RTGS, UPI, NEFT and card payments soaring. E-commerce sales jumped 25% in two days.
CBDT’s new digital evidence manual empowers tax officials to use Companies Act provisions to access offshore data. Firms must keep daily backups in India, disclose overseas custodians and comply with stricter digital evidence rules.
Despite GST rate cuts, many retailers in Chennai are yet to reduce prices of essentials, medicines, and stationery. Old stock, confusion over MRPs and delays from distributors are cited as reasons.
PM Modi said GST reforms will continue as India’s economy grows, easing tax burden on citizens. He highlighted GST 2.0, income tax relief up to ₹12 lakh, and “Made in India” defence production.
GSTN has enabled invoice-wise reporting in Form GSTR-7 starting September 2025. TDS deductors must now furnish invoice-level details while filing returns. Due date: October 10, 2025.
Union Finance Minister Nirmala Sitharaman launched the GST Appellate Tribunal (GSTAT), promising fair, fast, and transparent dispute resolution. The tribunal will handle over 4 lakh pending cases with 116 members across 45 locations.
Ministry of Finance officials have begun field inspections to ensure GST 2.0 rate cuts are passed on to consumers. Retailers, especially in pharma and textiles, face challenges adjusting stock purchased at old rates.
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