GST News

Hyderabad GST Fraud: 2 Arrested for Creating 10 Fake Firms, Claiming Rs 11.79 Crore ITC

17 November 2025 at 06:34

Cyberabad Police have arrested two persons in a major GST fraud case involving 10 fake firms and Rs 11.79 crore fraudulent ITC claims.

Posted in GST | 282 Views

Rs 35 Crore GST Notice Shocks Labourer in Moga, Fake Company Registered in His Name

17 November 2025 at 06:34

A daily-wage labourer in Moga, Punjab, has been served a shocking Rs 35 crore GST notice after a fake company was registered in his name, using his Aadhaar and PAN. He claims no business, no PAN and demands justice.

Posted in GST | 1122 Views

GST 2.0 Driving Transparency & Growth: ICAI President Outlines Key Reforms

15 November 2025 at 07:17

ICAI President’s November message highlights GST 2.0 reforms, MSME Clinic rollout, global benchmarking of CA qualification, and ICAI’s growing global and digital initiatives.

Posted in GST | 1209 Views

GST Exemption Fuels 50% Jump in Term Insurance Sales; Insurers Expect Trend to Continue

15 November 2025 at 06:44

Life insurers report sharp increase in pure protection plans post GST cut; HDFC Life up 50%+, Axis Max Life up 34%, SBI Life sees 33% growth.

Posted in GST | 252 Views

DGGI Delhi Busts Rs 645 Crore Fake ITC Racket

14 November 2025 at 09:22

DGGI Delhi uncovers ₹645 crore fake ITC racket using 229 dummy firms; key operator Mukesh Sharma arrested. Money-laundering links through NGO, political outfit probed.

Posted in GST | 219 Views

Retail Inflation Drops to Record Low of 0.25% in October after GST Rate Cuts

14 November 2025 at 06:38

India's retail inflation hit a record low of 0.25% in October 2025, driven by GST rate cuts and a sharp fall in food and vegetable prices.

Posted in GST | 807 Views

FM Sitharaman Assures Further Simplification of GST, Tax Procedures

14 November 2025 at 06:38

Tamil Nadu traders felicitated FM Nirmala Sitharaman for GST 2.0 tax reforms, praising rate cuts and simplified structure that boosted trade and demand.

Posted in GST | 270 Views

GST Reforms Have Driven Sales Growth Across Sectors, Says FM Sitharaman

13 November 2025 at 06:48

Finance Minister Nirmala Sitharaman said that the recent GST reforms have boosted sales across sectors from automobiles and consumer durables to e-commerce highlighting the positive market response to simplified tax rates and structures.

Posted in GST | 1245 Views

GST Department Nabs Mira Road Resident for Rs 8.43 Crore Fake ITC Fraud

13 November 2025 at 06:48

The Maharashtra State Tax Department (Thane Zone) has arrested Mira Road resident Srikanth Vaidyanath for generating and passing fake GST Input Tax Credit worth Rs 8.43 crore through a bogus firm.

Posted in GST | 819 Views

Rs 51.74 Crore GST Evasion Busted in Lucknow: Two Traders Booked for Creating Fake Firms

12 November 2025 at 06:36

The Uttar Pradesh State Tax Department has uncovered a Rs 51.74 crore GST evasion scam in Lucknow, where two traders created fake firms - HK Impax and Sun Enterprises to claim fraudulent input tax credits.

Posted in GST | 213 Views