GST News

Chartered Accountant Held for Passing Fake Invoices Worth Rs 11.72 Crore in GST Fraud

11 September 2025 at 09:13

CGST Palghar arrested CA Ritesh Padamchand Burad for a Rs 11.72 crore fake GST ITC scam involving bogus invoices and shell firms. He allegedly controlled invoicing, bank transactions, and earned commissions per deal.

Posted in GST | 2037 Views

GST Rate Cuts May Boost Consumption, Offset Rs 48,000 Crore Revenue Loss: CBIC Chairman

11 September 2025 at 09:06

CBIC Chairman Sanjay Agarwal said GST rate cuts could drive higher consumption and offset an estimated Rs 48,000 crore revenue loss if industries pass benefits to consumers.

Posted in GST | 192 Views

FM Says GST Slab Rationalisation was 18 Months in the Making, Not a Reaction to US Tariffs

11 September 2025 at 09:02

Finance Minister Nirmala Sitharaman said the GST slab rationalisation, reducing slabs to two and exempting health and life insurance, was 18 months in the making, not a reaction to US tariffs.

Posted in GST | 1389 Views

CBIC Chairman: No GST Cuts on Sin Goods, Single Rate Structure Possible in Future

11 September 2025 at 08:55

CBIC Chairman Sanjay Kumar Agarwal confirmed no GST cuts on sin goods, but hinted at future reforms toward a single standard GST rate.

Posted in GST | 1173 Views

Next-Gen GST Overhaul: Staple Foods Made Tax-Free, Processed Foods at 5%

10 September 2025 at 09:15

GST overhaul makes staples tax-free and lowers GST on processed foods to 5%. Big relief for consumers and small businesses.

Posted in GST | 222 Views

GST Returns Older Than 3 Years to Be Barred from Filing on Portal from Sept 2025 Tax period

10 September 2025 at 09:08

From Sept 2025, GST returns older than 3 years from due date cannot be filed. Taxpayers must clear pending filings before the deadline.

Posted in GST | 3360 Views

GST Reforms Slash Rates on Fitness, Sports Goods, Bicycles and Small Vehicles

10 September 2025 at 08:52

Government cuts GST on gyms, bicycles, toys, sports goods, two-wheelers and small cars. The move makes fitness, sports, and mobility more affordable for India's youth.

Posted in GST | 138 Views

GST Cuts on Automobiles and Heavy Industries to Boost Demand, Jobs and Exports

10 September 2025 at 08:51

GST rationalisation lowers rates on vehicles, parts, and transport services. The move to fuel demand, job creation, farm mechanisation and export growth.

Posted in GST | 159 Views

PM Modi Urges NDA MPs to Promote GST 2.0 and Make in India Ahead of Sept 22 Rollout

10 September 2025 at 08:48

Prime Minister Narendra Modi has asked NDA MPs to promote GST 2.0 reforms and the Make in India campaign by engaging traders and citizens.

Posted in GST | 93 Views

Ministry of Consumer Affairs Allows Revised MRP on Unsold Stock After GST Rate Changes Till Dec 2025

10 September 2025 at 08:47

The Ministry of Consumer Affairs has permitted manufacturers, packers, and importers to revise MRP on unsold stock due to GST rate changes until December 31, 2025. Original MRP must remain visible, with revisions limited to tax changes.

Posted in GST | 2271 Views