GST News

CGST Raid on Jalandhar's Famous Dhaba: Rs 3 Crore Cash Seized, Tax Evasion Suspected

21 November 2025 at 06:25

Central 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.

Posted in GST | 1578 Views

Telangana Issues SOP to Prevent Multiple GST Orders for Same Cause of Action

21 November 2025 at 06:25

The 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.

Posted in GST | 1206 Views

GST Cut Impact Limited as Apparel and Footwear Sales Decline in September Quarter

20 November 2025 at 09:21

Despite 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.

Posted in GST | 318 Views

India's Q2 GDP Growth Set to Exceed 7.5% on Festive Consumption Boost: SBI Research

20 November 2025 at 06:42

India'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.

Posted in GST | 861 Views

Three Businessmen Held in Maharashtra for Bogus ITC Claims Worth Over Rs 180 Crore

19 November 2025 at 06:40

Maharashtra 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.

Posted in GST | 525 Views

Mumbai Man Held for Rs 75 Lakh GST Fraud Using Forged Documents in Goa

18 November 2025 at 06:39

Bicholim police have arrested a Navi Mumbai resident for a Rs 75 lakh GST fraud involving fake registration under Green Agro Industries using forged documents.

Posted in GST | 234 Views

GST 2.0 Boosts MSME Expansion Plans as Banks Near Annual Lending Targets

18 November 2025 at 06:39

The GST rate cut has led to a surge in MSME loan demand, with banks like SBI, IOB, PNB and Indian Bank reporting sharp growth in credit enquiries and portfolio expansion.

Posted in GST | 1107 Views