PM Modi says next-gen GST reforms will cut household tax burden, helping families save Rs 20,000 a year. BJP pledges service, not power, with Swadeshi push
MoS Finance Pankaj Chaudhary says recent GST reforms will boost consumption and economy, with impact visible in 4-6 months as rates drop on essentials
Govt receives 3,000 consumer complaints on dark patterns, misleading discounts after GST rate cuts. CBIC, AI tools to monitor compliance
Karnataka and Himachal hotels cite high LPG and property rent taxes, urging GST relief and financial support from the government to pass benefits to consumers and revive tourism amid monsoon losses.
Gujarat SGST busts Rs 52 crore tax evasion in food and restaurant sector under GST Composition Scheme, uncovering fraudulent QR code payments and underreported sales across multiple cities.
GST Circular 251 clarifies trade discounts and credit notes, ensuring manufacturers’ tax certainty, but FMCG distributors face cash-flow pressures due to excess input tax credit under the new dual-rate GST regime.
GST rate cut from 18% to 5% boosts India's ice-cream market, driving demand for organised players like Amul, HUL, and Vadilal, while fostering innovation and expansion across urban and rural areas.
FHRAI has urged the GST Council to review the 5% GST slab on hotel tariffs up to Rs 7500 without ITC, warning it burdens mid-market hotels, affects affordability, and chokes investment in India’s hospitality sector.
Finance Ministry says recent GST rate cuts will lower inflation and boost India’s growth, while warning of trade uncertainties and global market risks.
Exporters await 90% provisional GST refunds as Centre considers ordinance. Law committee working on Section 54 amendment for rollout.
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