GST News

GST 2.0: CBIC Promises Quick Refunds to Address Inverted Duty Structure for Fertilizer Industry

16 September 2025 at 08:52

CBIC has assured IMMA and FAI that a speedy refund mechanism will be notified under GST 2.0 to ease the burden of the inverted duty structure faced by micronutrient manufacturers.

Posted in GST | 306 Views

Fertiliser and Tractor Industry Flag GST Transition Concerns in Meeting with CBIC

15 September 2025 at 08:38

Agriculture industry flags ITC blockage and tax inversion after GST cuts on fertilisers; CBIC assures possible relief to ensure benefits reach farmers.

Posted in GST | 189 Views

CBIC Issues Clarification on GST Treatment of Post-Sale Discounts

15 September 2025 at 08:36

CBIC clarifies GST on post-sale discounts: routine trade discounts won't attract GST, while dealer-linked promotional services under agreements will be taxable...

Posted in GST | 5895 Views

ED Uncovers Multi-Crore Fake ITC Scam, Big MNCs Under Lens

15 September 2025 at 08:32

ED probe into a multi-crore fake ITC racket reveals MNC beneficiaries, bogus invoicing, and GST misuse across states; assets seized and probe ongoing.

Posted in GST | 150 Views

GST Rate Cuts Spark Optimism for Auto and Consumer Durables Sectors

15 September 2025 at 08:31

GST rate cuts deliver a boost to automobiles and consumer durables, with analysts expecting revived demand, lower prices and stronger festive season sales.

Posted in GST | 147 Views

CBIC Clarifies GST Applicability on Post-Sale Discounts by Manufacturers to Dealers

15 September 2025 at 08:30

CBIC clarifies GST on post-sale discounts: routine trade discounts to dealers won’t attract GST, but promotional service-linked discounts will. The move reduces disputes, eases compliance, and aligns GST rules with commercial practices.

Posted in GST | 387 Views

GST Rate Cuts: Food Industry Titans Promise Lower Prices for Consumers

13 September 2025 at 09:10

Top food industry leaders including Amul, Britannia, Coca-Cola, PepsiCo and ITC pledge to pass on GST benefits to consumers under Next-Gen GST reforms.

Posted in GST | 1 comments | 1449 Views

ED Conducts Multi-State Raids in Rs 650 Crore Fake ITC Scam

13 September 2025 at 09:02

ED raids across five states in Rs 650 crore fake Input Tax Credit scam. Firms accused of bogus GST invoices to launder money. Crackdown follows earlier Rs 750 crore ITC fraud probe linked to shell companies.

Posted in GST | 282 Views

56th GST Council Decisions to Benefit both Coal Producers and Consumers

13 September 2025 at 08:56

The 56th GST Council meeting has reformed coal taxation by removing the Rs 400/ton GST compensation cess and raising GST from 5% to 18%.

Posted in GST | 105 Views

CBIC Issues Directive for Monitoring Commodity Prices Post GST Rationalization

13 September 2025 at 08:52

CBIC has directed monthly monitoring of commodity prices before and after GST rate rationalization effective September 22, 2025. Reports to track MRP changes across food, toiletries, medicines, cement and more until March 2026.

Posted in GST | 1137 Views