GST News

FM Sitharaman Assures Further Simplification of GST, Tax Procedures

14 November 2025 at 06:38

Tamil Nadu traders felicitated FM Nirmala Sitharaman for GST 2.0 tax reforms, praising rate cuts and simplified structure that boosted trade and demand.

Posted in GST | 264 Views

GST Reforms Have Driven Sales Growth Across Sectors, Says FM Sitharaman

13 November 2025 at 06:48

Finance Minister Nirmala Sitharaman said that the recent GST reforms have boosted sales across sectors from automobiles and consumer durables to e-commerce highlighting the positive market response to simplified tax rates and structures.

Posted in GST | 1215 Views

GST Department Nabs Mira Road Resident for Rs 8.43 Crore Fake ITC Fraud

13 November 2025 at 06:48

The Maharashtra State Tax Department (Thane Zone) has arrested Mira Road resident Srikanth Vaidyanath for generating and passing fake GST Input Tax Credit worth Rs 8.43 crore through a bogus firm.

Posted in GST | 792 Views

Rs 51.74 Crore GST Evasion Busted in Lucknow: Two Traders Booked for Creating Fake Firms

12 November 2025 at 06:36

The Uttar Pradesh State Tax Department has uncovered a Rs 51.74 crore GST evasion scam in Lucknow, where two traders created fake firms - HK Impax and Sun Enterprises to claim fraudulent input tax credits.

Posted in GST | 207 Views

Uttar Pradesh Launches Statewide Crackdown to Detect Fake Firms and Tax Evasion

12 November 2025 at 06:36

The Uttar Pradesh State Tax Department has initiated a massive review of all registered firms to curb GST evasion and bogus business activities.

Posted in GST | 171 Views

GST 2.0 Fails to Ease Household Budgets: Families Report No Major Price Drop

12 November 2025 at 06:36

Nearly 50 days after GST 2.0 came into effect, consumers report little relief in grocery bills. Despite minor price drops in select items like toothpaste, chocolates, and soaps, household kitchen budgets remain largely unchanged under the new tax regime.

Posted in GST | 285 Views

DGGI Arrests Chartered Accountant in Rs 325 Crore Fake Billing Case

10 November 2025 at 06:33

DGGI Bhubaneswar has arrested Mumbai-based chartered accountant Nilesh Yogesh Jigiwala for allegedly masterminding a Rs 325 crore GST fraud. He reportedly operated over 105 shell companies to generate fake ITC and help large firms claim illegal subsidies.

Posted in GST | 5028 Views

Finance Bill 2026 to Propose Fast-Track GST Registration, 90% Auto Refunds for Businesses

10 November 2025 at 06:32

The upcoming Finance Bill 2026 is set to introduce major GST amendments, including fast-track registration within three days and automatic 90% refunds under the inverted duty structure.

Posted in GST | 2253 Views

LIC Passes On Full GST Exemption Benefit to Policyholder: Net Profit Rises to Rs 10,053 Crore

10 November 2025 at 06:32

LIC CEO announced that the insurer has fully passed on the GST 2.0 exemption benefits to policyholders, making life insurance more affordable.

Posted in GST | 1425 Views

Auto Retail Sales Surge 40.5% in October, Led by Rural Demand and Tax Relief Under GST 2.0

10 November 2025 at 06:32

India’s automobile retail industry achieved a record 40.5% YoY growth in October 2025, driven by GST 2.0 tax cuts, festive demand, and rural recovery.

Posted in GST | 150 Views