GST News

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 | 513 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 | 5409 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 | 2187 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 | 3957 Views

FMCG Distributors Seek Clarity from Finance Minister on GST Rate Transition

25 August 2025 at 08:49

FMCG distributors urge Finance Minister to issue guidelines on GST rate cuts, warning of supply chain disruption, margin pressure and ITC concerns during the transition.

Posted in GST | 1 comments | 5961 Views

GoM Endorses GST Reform: Proposal to Cut Slabs from 4 to 2 Moves Forward

25 August 2025 at 08:42

GoM backs Centre’s proposal to simplify GST slabs from four to two, retaining 5% and 18% with a special 40% slab for luxury goods. States seek clarity on revenue loss before GST Council’s final call

Posted in GST | 258 Views

GST Rate Cuts to Cost Exchequer Rs 1.43 Lakh Crore, US Tariffs Threaten Growth

23 August 2025 at 09:37

HSBC warns that GST rate revisions could cost India Rs 1.43 lakh crore, while US tariffs of 25-50% may lower GDP growth by up to 70 basis points. States face fiscal strain under FRBM limits.

Posted in GST | 378 Views