GST News

Smartphone Industry Seeks GST Cut to 5% for Boosting Demand and Affordability

21 August 2025 at 08:54

Smartphone makers, led by ICEA, have urged the government to cut GST on mobile phones from 18% to 5% to boost demand, reduce prices, and strengthen India’s manufacturing competitiveness.

Posted in GST | 285 Views

CBIC Extends GSTR-3B Due Date Filing for July 2025 in Select Maharashtra Districts

21 August 2025 at 08:48

CBIC has extended the due date for filing GSTR-3B of July 2025 till August 27, 2025 for taxpayers in Mumbai, Thane, Raigad, and Palghar districts. Know the details of GST compliance relief.

Posted in GST | 3342 Views

GST 2.0 Overhaul: Govt Considers Reducing GST on Insurance from 18% to 5% or Nil

20 August 2025 at 09:17

The government is planning to slash GST on insurance premiums from 18% to 5% or even zero under its proposed GST 2.0 reforms, while restructuring slabs into 5%, 18%, and a 40% sin tax for luxury goods like tobacco and alcohol.

Posted in GST | 1965 Views

GST Registration to Be Cleared in Just 3 Days, Refunds to Be Automated Under Upcoming Reforms

19 August 2025 at 09:24

Businesses will soon get GST registration within 3 days, with 95% of applications cleared in the new timeframe. Automated refunds for ITC and inverted duty structures will further ease compliance and improve cash flows.

Posted in GST | 1 comments | 10506 Views

GST Fraud: Ambika Steel Partner Arrested in Hyderabad for Bogus ITC Claims

19 August 2025 at 09:17

CCS Hyderabad police arrested the Managing Partner of Ambika Steel for alleged GST fraud involving fake invoices and e-way bills. Vehicle numbers were misused to claim ITC without moving goods.

Posted in GST | 759 Views

GST Reforms: Sin Goods to Stay Costly, Relief Likely for Man-Made Fabrics

19 August 2025 at 09:12

While sin goods like cigarettes and gutka will remain under high tax slabs, the Centre is considering lowering GST on man-made fabrics from 12% to 5% to boost the textile sector.

Posted in GST | 3057 Views

GST on Automobiles Set for Major Restructuring in Upcoming Reforms

19 August 2025 at 09:00

The Centre plans sweeping GST reforms, restructuring automobile taxes from the current 28% plus cess to a simplified two-slab system. The move aims to resolve classification disputes and make cars more affordable for consumers.

Posted in GST | 1818 Views

GST Council Likely to Approve 5% and 18% Two-Slab Structure: Big Reforms Coming by Diwali

16 August 2025 at 08:57

The GST Council may finalise next-gen reforms in its September-October meeting, including a two-slab structure of 5% and 18%, a 40% sin tax, faster refunds, and pre-filled returns to ease compliance.

Posted in GST | 2202 Views

GST System to Align AATO Figures on NIC e-Invoice Portals from 1st September 2025

16 August 2025 at 08:38

From September 1, 2025, NIC e-Invoice portals will display Aggregate Annual Turnover (AATO) data aligned with GST system records. Taxpayers can report discrepancies via the GST Grievance Redressal Portal or Helpdesk.

Posted in GST | 1932 Views

PM Modi Announces Next-Gen GST Reforms to Boost Economy and Ease of Living

16 August 2025 at 08:37

On the 79th Independence Day, PM Narendra Modi announced plans for next-generation GST reforms focusing on structural changes, rate rationalisation, and ease of living to benefit the common man, farmers, MSMEs and key economic sectors

Posted in GST | 354 Views