GST News

GST Marks 8 Years of Transformative Journey: Key Insights from the Official Statistical Report

08 October 2025 at 06:40

As GST marks its 8th anniversary, the GST Network (GSTN) releases "8 Years of GST: Years of Commitment," a detailed report showcasing India’s progress under the tax reform.

Posted in GST | 1449 Views

GST Reduction Boosts Auto Sales, Consumers in Food and Medicine Categories See Limited Relief

08 October 2025 at 06:40

While GST rate cuts boost auto sales, only a fraction of consumers benefit in packaged foods and medicines. LocalCircles urges govt action to ensure full pass-through.

Posted in GST | 126 Views

IRDAI Likely to Review GST ITC Impact on Insurance Distributor Payouts

08 October 2025 at 06:40

Private insurers cut agent payouts by 15–18% to offset GST ITC loss, while LIC and public insurers maintain commissions. Agents seek intervention from IRDAI and Finance Ministry.

Posted in GST | 1422 Views

Kerala Traders Raise Concerns Over GST Exemptions Favoring Large Corporates

07 October 2025 at 05:51

Traders in Kerala have expressed concern that the recent GST exemptions may be benefiting large corporates at the expense of small and medium trading establishments. The State President of Kerala Vyapari Vyavasayi Ekopana Samithi and National Secreta

Posted in GST | 330 Views

State GST Raids 20 Companies in Jamnagar, Tax Evasion of Rs 80 Crore Unearthed

07 October 2025 at 05:51

State GST raids 20 Jamnagar firms and a CA for tax evasion over Rs 80 crore; investigations reveal billing scam, more details expected after document review.

Posted in GST | 543 Views

GST-Free Insurance Fuels Demand: 61% Surge in Enquiries Post GST Waiver on Insurance Premiums

07 October 2025 at 05:51

GST waiver on life and health insurance sparks 61% surge in enquiries; insurers pass full benefits to customers, making coverage more affordable.

Posted in GST | 999 Views

GST Exemption on Insurance Premiums Triggers 18% Commission Cut by Insurers

07 October 2025 at 05:51

After the government removed 18% GST on life, health, and accident insurance, major insurers slashed distributor commissions by 18% to offset loss of input tax credit (ITC). Agents warn the move could weaken insurance distribution and hurt penetration.

Posted in GST | 414 Views

CA and Advocate Arrested in Rs 79.18 Crore GST Evasion Case

07 October 2025 at 05:51

DGGI officials arrested a chartered accountant and an advocate from Sonepat for a Rs 79.18 crore GST evasion scam involving fake ITC claims. In a separate case, a Kanpur court denied bail to a Bengaluru man accused of ₹85 crore corporate forgery.

Posted in GST | 3609 Views

V-Mart Bets Big on Rs 1000 Apparel Line After GST Cuts Spur Consumer Demand

06 October 2025 at 07:14

V-Mart to expand its Rs 1,000 apparel range as GST 2.0 cuts tax to 5% on clothes below Rs 2,500, boosting demand in India's value retail market.

Posted in GST | 168 Views

Navratri Sales Hit 10-Year High as GST Cuts Fuel Festive Shopping Surge

06 October 2025 at 07:14

India's festive season witnessed a remarkable rebound this year, with Navratri sales reaching a 10-year high, driven largely by the recent GST rate cuts and improved consumer sentiment, according to government officials.

Posted in GST | 213 Views