The DGGI Belagavi unit unearthed Rs 21.64 crore GST evasion by a scrap trader in Harihar, Davanagere, involving fake invoices worth Rs 112 crore and fraudulent ITC claims.
FM Sitharaman said recent GST cuts effective from September 22 have boosted festive consumption, with Rs 2.5 lakh crore in tax benefits reaching consumers.
A report predicts another policy rate cut before year-end as GST simplification, regulatory easing, and RBI measures boost credit demand and growth outlook.
The govt confirms GST rate cut benefits are reaching consumers; prices of 54 essential items monitored to ensure full tax relief and transparency.
GSTN has introduced UPI and Debit/Credit Card payments for GST, adding Indian Overseas Bank and Bandhan Bank to its network.
India's pharmaceutical sector is set for moderate Q2 FY26 growth as GST rate revisions and US pricing pressure weigh on margins.
At the GST Bachat Utsav in New Delhi, Union Ministers Nirmala Sitharaman, Piyush Goyal, and Ashwini Vaishnaw announced that Next-Gen GST reforms have reduced tax slabs, cut rates on essentials, and boosted consumer spending.
GSTN extends GSTR-3B filing due date for September 2025 from October 20 to October 25, offering festive season relief and easier GST compliance for taxpayers.
GST portal introduces a new IMS feature allowing taxpayers to mark credit notes as "Pending" and declare ITC reversal amounts for better compliance.
GSTN enables GSTR-9 and GSTR-9C for FY 2024-25. Read key highlights from the latest FAQs clarifying ITC reporting, table-wise changes, late fee calculation, and new Excel utilities for annual return filing.
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