FHRAI has urged the GST Council to review the 5% GST slab on hotel tariffs up to Rs 7500 without ITC, warning it burdens mid-market hotels, affects affordability, and chokes investment in India’s hospitality sector.
Finance Ministry says recent GST rate cuts will lower inflation and boost India’s growth, while warning of trade uncertainties and global market risks.
Exporters await 90% provisional GST refunds as Centre considers ordinance. Law committee working on Section 54 amendment for rollout.
Processed food makers hail GST 2.0 reforms; companies like Mother Dairy & Allana to pass on benefits, boosting sales, exports & consumer savings.
Kerala GST Dept's 'Prancing Pony' raid found Rs 127.46 cr turnover suppression & Rs 12 cr tax evasion in 45 bar hotels. Probe against offenders continues.
Festive e-commerce sales in India jumped 23–25% YoY in the first two days, led by premium smartphones, TVs, and GST benefits, generating over Rs 1.15 lakh crore GMV.
Digital payments in India surged to Rs 11 trillion on Sept 22 as new GST rates took effect, with RTGS, UPI, NEFT and card payments soaring. E-commerce sales jumped 25% in two days.
Despite GST rate cuts, many retailers in Chennai are yet to reduce prices of essentials, medicines, and stationery. Old stock, confusion over MRPs and delays from distributors are cited as reasons.
PM Modi said GST reforms will continue as India’s economy grows, easing tax burden on citizens. He highlighted GST 2.0, income tax relief up to ₹12 lakh, and “Made in India” defence production.
GSTN has enabled invoice-wise reporting in Form GSTR-7 starting September 2025. TDS deductors must now furnish invoice-level details while filing returns. Due date: October 10, 2025.
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