GST News
Uttar Pradesh Launches Statewide Crackdown to Detect Fake Firms and Tax Evasion
12 November 2025 at 06:36The Uttar Pradesh State Tax Department has initiated a massive review of all registered firms to curb GST evasion and bogus business activities.
GST 2.0 Fails to Ease Household Budgets: Families Report No Major Price Drop
12 November 2025 at 06:36Nearly 50 days after GST 2.0 came into effect, consumers report little relief in grocery bills. Despite minor price drops in select items like toothpaste, chocolates, and soaps, household kitchen budgets remain largely unchanged under the new tax regime.
DGGI Arrests Chartered Accountant in Rs 325 Crore Fake Billing Case
10 November 2025 at 06:33DGGI Bhubaneswar has arrested Mumbai-based chartered accountant Nilesh Yogesh Jigiwala for allegedly masterminding a Rs 325 crore GST fraud. He reportedly operated over 105 shell companies to generate fake ITC and help large firms claim illegal subsidies.
Finance Bill 2026 to Propose Fast-Track GST Registration, 90% Auto Refunds for Businesses
10 November 2025 at 06:32The upcoming Finance Bill 2026 is set to introduce major GST amendments, including fast-track registration within three days and automatic 90% refunds under the inverted duty structure.
LIC Passes On Full GST Exemption Benefit to Policyholder: Net Profit Rises to Rs 10,053 Crore
10 November 2025 at 06:32LIC CEO announced that the insurer has fully passed on the GST 2.0 exemption benefits to policyholders, making life insurance more affordable.
Auto Retail Sales Surge 40.5% in October, Led by Rural Demand and Tax Relief Under GST 2.0
10 November 2025 at 06:32India’s automobile retail industry achieved a record 40.5% YoY growth in October 2025, driven by GST 2.0 tax cuts, festive demand, and rural recovery.
GST 2.0 Impact: Insurers Slash Agent Commissions as ITC Withdrawal Raises Costs
08 November 2025 at 06:31Insurance agents have approached the Finance Ministry and GST Council after insurers reduced commissions due to loss of input tax credit under GST 2.0. Officials say the matter is a commercial one between insurers and agents, not a GST policy issue.
GST Team Monitors Horse Sales at Pushkar Fair as 5% Tax Applies for the First Time on Transactions Above Rs 40 Lakh
07 November 2025 at 06:32For the first time, GST officials monitored horse sales at Rajasthan's Pushkar Fair, applying 5% GST on transactions above Rs 40 lakh. Authorities said no horse has sold beyond Rs 10 lakh despite viral social media claims.
Two Women Booked for Rs 2.56 Crore GST Evasion by Creating Fake Firm in Lucknow
07 November 2025 at 06:32Two women traders in Lucknow have been booked for evading Rs 2.56 crore in GST by creating a fake firm, Gorupan Enterprises. The State Tax Department discovered the firm's address and contact details to be bogus.
20 States Report Dip in GST Collections in October Amid Transition to GST 2.0 Rate Structure
06 November 2025 at 06:46GST collections slowed to 4.6% in October as 20 states saw declines, reflecting transition effects from the new GST 2.0 rate reform introduced in September.
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