GST News

GST 2.0 Takes Shape: Industry Seeks Rate Rationalisation and ITC Reforms in Budget 2026

20 December 2025 at 07:23

GST 2.0 gathers momentum as industry looks to Budget 2026 for rate rationalisation, ITC reforms, petroleum inclusion and relief on inverted duty refunds.

Posted in GST | 567 Views

No New GoM on GST Revenue Losses Yet, Says FM Sitharaman

18 December 2025 at 06:55

No new GoM planned on GST revenue losses as Centre admits rate rationalisation may leave states with Rs 47,700 crore net shortfall.

Posted in GST | 1188 Views

GST Rate on Apparel Rationalised; 18% Tax for Garments Above Rs 2500

18 December 2025 at 06:54

GST on readymade garments priced above Rs 2500 has been increased to 18% from September 22, 2025, while items up to Rs 2500 now attract 5%, the government told Lok Sabha.

Posted in GST | 180 Views

GST Fraud: Four Arrested for Rs 37.87 Crore Tax Evasion Using Fake Firms

18 December 2025 at 06:54

Kanpur police and State Tax department arrest four for Rs 37.87 crore GST evasion involving fake firms and bogus sales exceeding Rs 210 crore.

Posted in GST | 240 Views

GST Automation Playing Key Role in Tackling Tax Evasion: Finance Ministry

18 December 2025 at 06:54

GST automation, e-invoicing and AI tools have reduced tax evasion, improved revenue buoyancy and boosted investor confidence, the government told Lok Sabha.

Posted in GST | 1239 Views

Fake GST Registrations Led to Rs 31,000 Crore Tax Evasion, Govt Tells Lok Sabha

18 December 2025 at 06:54

More than 10,000 fraudulent GST registrations using forged PAN and Aadhaar detected in last 2.5 years, involving Rs 31,000+ crore tax evasion, govt tells Lok Sabha.

Posted in GST | 1302 Views

DGGI Arrests Tax Consultant and Trader in Rs 30 Crore Bogus GST ITC Racket

16 December 2025 at 09:22

DGGI arrests a Jamnagar-based tax consultant and trader in a Rs 30 crore bogus GST ITC fraud in Gujarat, uncovering fake firms, invoices and e-way bills.

Posted in GST | 1812 Views

Rising Incomes, GST Rationalisation Fuel Rural Consumption Revival in 2025

16 December 2025 at 06:51

India’s rural economy recorded a strong recovery in late 2025, driven by higher consumption, rising incomes, GST rate rationalisation and easing inflation, according to NABARD’s latest Rural Economic Conditions and Sentiments Survey.

Posted in GST | 192 Views

State GST Launches 10-Day Drive to Clear Pending GSTR-3B Returns

16 December 2025 at 06:51

The State GST department has launched a 10-day special drive across the Chhatrapati Sambhajinagar Zone to clear pending GSTR-3B returns of over 8,600 taxpayers, aiming to recover Rs 47.63 crore in SGST and improve compliance.

Posted in GST | 261 Views

IndiGo Faces Rs 58.75 Crore GST Penalty Notice Amid Ongoing Flight Disruptions

15 December 2025 at 06:44

IndiGo has received a Rs 58.75 crore GST penalty notice for FY21 from the Delhi South CGST Commissionerate. The airline says the order is flawed, will challenge it legally, and expects no impact on operations or financials.

Posted in GST | 249 Views