GST News

Budget 2026: Oil and Gas Industry Pushes for 5% GST, LPG Under-Recovery Support

15 January 2026 at 08:03

Ahead of the Union Budget 2026-27, India's estimated $433.8 billion oil and gas industry has stepped up its demands for tax relief and fiscal support, urging the government to address long-standing taxation and regulatory challenges that continue to

Posted in GST | 117 Views

Life Insurance Margins Under Pressure in Q3FY26 Due to GST ITC Loss

14 January 2026 at 07:43

The withdrawal of GST input tax credit is expected to pressure life insurers’ VNB margins in Q3FY26, while strong premium growth and healthy investment income may support general insurers, analysts said.

Posted in GST | 759 Views

Delhi Duo Arrested for Rs 25 Crore GST Evasion Using Fake Firms

14 January 2026 at 07:43

Two men from Delhi have been arrested for allegedly evading Rs 25 crore in GST by floating fake firms and generating bogus invoices and e-way bills. Cyber police are investigating the case.

Posted in GST | 114 Views

CBIC Session Highlights Expanded Role of Auditors Under GST 2.0

13 January 2026 at 07:07

GST 2.0 marks a reset of India’s indirect tax system by simplifying rates, tightening compliance and speeding up dispute resolution, says Guntur Audit Commissioner Anand Kumar.

Posted in GST | 315 Views

CBIC Warns Taxpayers Against Fake GST Notices, Urges DIN Verification

13 January 2026 at 07:07

CBIC has warned taxpayers about fake GST notices and summons being sent by fraudsters. Businesses are advised to verify DIN on the CBIC portal and report fraud immediately.

Posted in GST | 1365 Views

Record Goods Movement in December as E-Way Bill Generation Surges 23.6%

12 January 2026 at 07:01

India's e-way bill generation rose 23.6% YoY to a record 138.39 million in December, GSTN data shows, reflecting GST 2.0 reforms and stronger consumption.

Posted in GST | 174 Views

GST Evasion Case: Four Arrested for Rs 1464 Crore Fake Invoice Transactions

07 January 2026 at 06:55

The GST Enforcement Wing has busted a Rs 1464 crore inter-State fake invoice racket spanning Karnataka and Tamil Nadu. Four accused have been arrested for fraudulent ITC claims.

Posted in GST | 264 Views