GST News

NPPA Fixes Retail Prices of Key Combination Drugs Exclusive of GST

17 September 2025 at 08:59

NPPA fixes retail prices of key drug combinations for diabetes and pain relief, ensuring affordability under the DPCO, 2013.

Posted in GST | 1545 Views

Finance Ministry to Examine Uniform GST Treatment for Micronutrient Fertilisers

17 September 2025 at 08:52

Finance Ministry may review IMMA’s plea to keep all micronutrient fertilisers under 5% GST, addressing concerns over inverted duty and farm costs.

Posted in GST | 228 Views

Insurance Industry Faces Backlash Over Premium Hikes Despite GST Exemption

17 September 2025 at 08:46

Insurers face backlash for raising premiums despite GST exemption on health and life insurance; analysts accuse regulator IRDAI of inaction.

Posted in GST | 4 comments | 15915 Views

GST Invoicing May Replace Transit Passes in Mineral Transport to Curb Revenue Losses

17 September 2025 at 08:40

India may phase out the transit pass system for mineral transport and shift to GST invoicing to boost transparency and curb revenue leakages.

Posted in GST | 3195 Views

Insurance Premiums at 0% GST: Industry Awaits Clarity on ITC

17 September 2025 at 08:34

Experts caution that the benefit depends on whether premiums are nil-rated or exempt, a distinction that could decide if policyholders save or face higher costs.

Posted in GST | 165 Views

FHRAI Urges GST Council to Restore ITC, Warns of Cost Burden on Hotels

17 September 2025 at 08:34

FHRAI has urged the GST Council to restore input tax credit (ITC) after its withdrawal on hotel rooms below Rs 7,500. The body warns that rising costs could strain mid-scale hotels, deter reinvestment, and weaken India’s global competitiveness.

Posted in GST | 126 Views

Insurance Companies Asked to Step Up Outreach After GST Exemption on Life and Health Policies

17 September 2025 at 08:33

The Finance Ministry has directed insurance companies to actively promote GST exemption on individual life and health policies. The reform is set to make insurance more affordable, improve financial security and boost insurance penetration across India.

Posted in GST | 141 Views

FM Sitharaman: GST Reform Benefits All 140 Crore Indians with Lower Expenses

16 September 2025 at 09:14

FM Sitharaman says GST reforms have cut rates, boosted collections to Rs 22 lakh crore and delivered benefits to both 140 crore citizens and State governments.

Posted in GST | 2016 Views

FMCG Distributors Seek Relief as Aerated Beverages Move to 40% GST

16 September 2025 at 09:03

From Sept 22, aerated drinks face a flat 40% GST. Distributors warn of stranded ITC and blocked working capital, urging Finance Ministry intervention.

Posted in GST | 432 Views

GST Chennai Busts Rs 11.90 Crore ITC Fraud in Ambur

16 September 2025 at 08:55

GST Chennai Outer Commissionerate arrests man from Ambur for masterminding a Rs 11.90 crore fraudulent ITC racket. Multiple dummy firms and bogus invoices were used to illegally claim input tax credit and action is underway against all involved.

Posted in GST | 471 Views