GST News
Retail Inflation Drops to Record Low of 0.25% in October after GST Rate Cuts
14 November 2025 at 06:38India'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.
FM Sitharaman Assures Further Simplification of GST, Tax Procedures
14 November 2025 at 06:38Tamil Nadu traders felicitated FM Nirmala Sitharaman for GST 2.0 tax reforms, praising rate cuts and simplified structure that boosted trade and demand.
GST Reforms Have Driven Sales Growth Across Sectors, Says FM Sitharaman
13 November 2025 at 06:48Finance 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.
GST Department Nabs Mira Road Resident for Rs 8.43 Crore Fake ITC Fraud
13 November 2025 at 06:48The 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.
Rs 51.74 Crore GST Evasion Busted in Lucknow: Two Traders Booked for Creating Fake Firms
12 November 2025 at 06:36The 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.
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.
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