GST News

GCCI Urges FM for Simplified GST Structure, Industry-Specific Guidance Notes

29 August 2025 at 08:34

The GCCI has urged FM Sitharaman to simplify GST by merging slabs, correcting inverted duty structures, reducing rates on essentials, and publishing sector-specific guidance notes to ease compliance and boost tax transparency.

Posted in GST | 114 Views

ICAI Releases Updated Handbook on GST Exempted Supplies - April 2025 Edition

28 August 2025 at 09:05

ICAI has published the 2025 edition of its Handbook on Exempted Supplies under GST, covering latest amendments till April 15, 2025.

Posted in GST | 381 Views

GST Refund Relief for Edible Oils Likely on GST Council Agenda, Says Food Secretary

28 August 2025 at 08:58

Food Ministry backs edible oil industry's demand to lift GST refund restrictions. GST Council may discuss the issue in its next meeting.

Posted in GST | 414 Views

Multiplex Industry Seeks GST Rationalisation on Movie Tickets to Boost Screen Expansion

28 August 2025 at 08:50

High GST is hurting multiplex recovery. Exhibitors propose 5% GST on tickets under Rs 300 to drive affordability and cinema screen expansion.

Posted in GST | 1302 Views

Karnataka Commercial Taxes Dept Arrests Fake Bill Trader in Multi-Crore GST ITC Scam

27 August 2025 at 08:54

The Karnataka Commercial Taxes Department has arrested Bidar resident Rahul Kishan Rao Kulkarni in Hyderabad for creating fake GST registrations and issuing bogus invoices worth crores to facilitate fraudulent ITC claims.

Posted in GST | 510 Views

CBIC Urges Public to Avoid Speculation on GST Rates Ahead of Council Meeting

27 August 2025 at 08:40

CBIC cautions against premature speculation on GST rate changes. Official decisions to be announced after the GST Council meeting on September 3-4, 2025.

Posted in GST | 1365 Views

Chartered Accountant and his Associate Booked for Rs 217 Crore GST Scam Using Forged Signatures

26 August 2025 at 09:44

Navrangpura police have booked a chartered accountant and his associate in Ahmedabad for allegedly defrauding a businessman of Rs 217 crore through forged signatures and bogus GST transactions.

Posted in GST | 5391 Views

Centre Braces for Rs 40,000 Crore Revenue Loss as GST Overhaul Nears

26 August 2025 at 09:35

Centre braces for Rs 40,000 crore revenue loss as GST reforms shift to two slabs of 5% and 18%.

Posted in GST | 1371 Views

GST Council May Roll Out New Rate Slabs by September 22, Ahead of Festive Season

26 August 2025 at 09:12

GST Council may roll out new two-slab GST rates around September 22 to boost festive demand, with cuts likely after its September 3-4 meeting.

Posted in GST | 2178 Views

GST Rationalisation: Real Estate Sector Poised for Major Boost

25 August 2025 at 08:54

The GoM on GST rationalisation has approved a two-slab structure of 5% and 18%, removing 12% and 28% rates. Experts say the move could cut housing costs, boost buyer sentiment, and improve transparency in India's real estate sector.

Posted in GST | 3954 Views