GST News
56th GST Council Meeting Scheduled for 3rd to 4th September 2025
23 August 2025 at 09:06GST Council to hold its 56th meeting on Sept 3-4, 2025, in New Delhi. Key tax policy discussions expected; agenda details to follow.
GoM Backs Two-Slab GST Structure, Proposes 40% Rate on Luxury and Sin Goods
23 August 2025 at 08:53GoM accepts Centre's proposal for two GST slabs of 5% and 18%, with a new 40% rate on luxury and sin goods; states seek extra cess to protect revenue.
GST Rate Cut Proposal Raises Centre-State Tensions Over Revenue
23 August 2025 at 08:47PM Modi's plan to cut GST rates may cost states Rs 1.8 lakh crore annually, sparking fiscal tensions ahead of Diwali and Bihar elections.
GST Fraud Worth Rs 47.32 Crore Unearthed in Thane
23 August 2025 at 08:47Thane GST officials arrest man in Rs 47.32 crore ITC fraud; incriminating evidence seized, probe underway to identify more suspects.
Centre Proposes GST Exemption on Life and Health Insurance Premiums
22 August 2025 at 08:58The Centre has proposed exempting individual life and health insurance policies from 18% GST, a move expected to make insurance more affordable. The GST Council will take the final decision based on the GoM's report.
ICAI Releases Updated Handbook on Inspection, Search, Seizure and Arrest under GST
22 August 2025 at 08:40ICAI 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.
GST Reform 2025: Two-Slab Structure Likely as GoM Clears Proposal
22 August 2025 at 08:35States 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.
Centre Plans Shift of Goods from 12% to 5% GST Slab, Revenue Loss Pegged at Rs 80,000 Crore
21 August 2025 at 09:07The 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.
Smartphone Industry Seeks GST Cut to 5% for Boosting Demand and Affordability
21 August 2025 at 08:54Smartphone 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.
CBIC Extends GSTR-3B Due Date Filing for July 2025 in Select Maharashtra Districts
21 August 2025 at 08:48CBIC 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.
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