GST News

GST Exemption Fuels 50% Jump in Term Insurance Sales; Insurers Expect Trend to Continue

15 November 2025 at 06:44

Life insurers report sharp increase in pure protection plans post GST cut; HDFC Life up 50%+, Axis Max Life up 34%, SBI Life sees 33% growth.

Posted in GST | 252 Views

DGGI Delhi Busts Rs 645 Crore Fake ITC Racket

14 November 2025 at 09:22

DGGI Delhi uncovers ₹645 crore fake ITC racket using 229 dummy firms; key operator Mukesh Sharma arrested. Money-laundering links through NGO, political outfit probed.

Posted in GST | 219 Views

Retail Inflation Drops to Record Low of 0.25% in October after GST Rate Cuts

14 November 2025 at 06:38

India's retail inflation hit a record low of 0.25% in October 2025, driven by GST rate cuts and a sharp fall in food and vegetable prices.

Posted in GST | 807 Views

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 | 270 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 | 1242 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 | 816 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 | 213 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 | 174 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 | 291 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 | 5058 Views