GST News

ICAI Releases Updated Handbook on Inspection, Search, Seizure and Arrest under GST

22 August 2025 at 08:40

ICAI releases the revised Handbook on Inspection, Search, Seizure, and Arrest under GST (July 2025), offering detailed guidance, case laws and updated procedures to help professionals and taxpayers navigate GST enforcement and compliance.

Posted in GST | 4773 Views

GST Reform 2025: Two-Slab Structure Likely as GoM Clears Proposal

22 August 2025 at 08:35

States back Centre's GST reform; four tax slabs to be reduced to two - 5% and 18%, with 40% on sin goods. Final decision awaits GST Council.

Posted in GST | 1848 Views

Centre Plans Shift of Goods from 12% to 5% GST Slab, Revenue Loss Pegged at Rs 80,000 Crore

21 August 2025 at 09:07

The Centre plans to shift most goods from the 12% to 5% GST slab, impacting items like food products, mobiles, and tractors. The move may cost Rs 80,000 crore in revenue, partly offset by retaining a 40% rate on sin and luxury goods.

Posted in GST | 2043 Views

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 | 771 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 | 1821 Views