While large companies have passed on the benefits, unorganised retailers remain slow to comply, prompting close monitoring by CBIC and government authorities to ensure full pass-through of GST benefits by December.
Audit report exposes cost escalation, non-scheduled items, and unverified GST payments in Electrical Division No. 3 streetlight works. Final action from authorities awaited.
Assam GST officials arrest Ujjawal K. Agarwal for allegedly issuing fake Input Tax Credit through bogus billing worth Rs 12 crore. Bail denied, under judicial custody.
A 43-year-old Hyderabad advocate alleged her identity was forged to register multiple private firms, leading to ₹5.22 crore tax evasion notices.
The DGGI Belagavi unit unearthed Rs 21.64 crore GST evasion by a scrap trader in Harihar, Davanagere, involving fake invoices worth Rs 112 crore and fraudulent ITC claims.
FM Sitharaman said recent GST cuts effective from September 22 have boosted festive consumption, with Rs 2.5 lakh crore in tax benefits reaching consumers.
A report predicts another policy rate cut before year-end as GST simplification, regulatory easing, and RBI measures boost credit demand and growth outlook.
The govt confirms GST rate cut benefits are reaching consumers; prices of 54 essential items monitored to ensure full tax relief and transparency.
GSTN has introduced UPI and Debit/Credit Card payments for GST, adding Indian Overseas Bank and Bandhan Bank to its network.
India's pharmaceutical sector is set for moderate Q2 FY26 growth as GST rate revisions and US pricing pressure weigh on margins.
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