The President issues Manipur GST (Second Amendment) Ordinance, 2025, introducing digital track-and-trace, ITC clarifications, and SEZ supply updates.
The CBI has arrested a Superintendent and an Inspector of the CGST Santacruz Division, Mumbai, for allegedly demanding and accepting a Rs 25,000 bribe to facilitate GST registration for a textile firm.
GSTN clarifies that there is no change in ITC auto-population or GSTR-2B generation under the new IMS. The advisory also introduces a new Credit Note handling feature effective from October 2025 to enhance flexibility in ITC reversal.
The World Bank has revised India's GDP forecast for FY26 to 6.5%, citing strong domestic demand, rural recovery, and GST 2.0 reforms. Q1 FY26 GDP grew 7.8%, making India the fastest-growing major economy. U.S. tariffs could pose a risk in FY27.
As GST marks its 8th anniversary, the GST Network (GSTN) releases "8 Years of GST: Years of Commitment," a detailed report showcasing India’s progress under the tax reform.
While GST rate cuts boost auto sales, only a fraction of consumers benefit in packaged foods and medicines. LocalCircles urges govt action to ensure full pass-through.
Private insurers cut agent payouts by 15–18% to offset GST ITC loss, while LIC and public insurers maintain commissions. Agents seek intervention from IRDAI and Finance Ministry.
Traders in Kerala have expressed concern that the recent GST exemptions may be benefiting large corporates at the expense of small and medium trading establishments. The State President of Kerala Vyapari Vyavasayi Ekopana Samithi and National Secreta
State GST raids 20 Jamnagar firms and a CA for tax evasion over Rs 80 crore; investigations reveal billing scam, more details expected after document review.
GST waiver on life and health insurance sparks 61% surge in enquiries; insurers pass full benefits to customers, making coverage more affordable.
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