GST News

GSTN Introduces Flexible ITC Handling for Credit Notes in IMS

22 December 2025 at 06:40

GSTN introduces a new IMS functionality allowing taxpayers to select Yes or No for ITC reduction while accepting credit notes, improving accuracy in GST compliance.

Posted in GST | 2223 Views

GST 2.0 Takes Shape: Industry Seeks Rate Rationalisation and ITC Reforms in Budget 2026

20 December 2025 at 07:23

GST 2.0 gathers momentum as industry looks to Budget 2026 for rate rationalisation, ITC reforms, petroleum inclusion and relief on inverted duty refunds.

Posted in GST | 741 Views

No New GoM on GST Revenue Losses Yet, Says FM Sitharaman

18 December 2025 at 06:55

No new GoM planned on GST revenue losses as Centre admits rate rationalisation may leave states with Rs 47,700 crore net shortfall.

Posted in GST | 1284 Views

GST Rate on Apparel Rationalised; 18% Tax for Garments Above Rs 2500

18 December 2025 at 06:54

GST on readymade garments priced above Rs 2500 has been increased to 18% from September 22, 2025, while items up to Rs 2500 now attract 5%, the government told Lok Sabha.

Posted in GST | 237 Views

GST Fraud: Four Arrested for Rs 37.87 Crore Tax Evasion Using Fake Firms

18 December 2025 at 06:54

Kanpur police and State Tax department arrest four for Rs 37.87 crore GST evasion involving fake firms and bogus sales exceeding Rs 210 crore.

Posted in GST | 501 Views

GST Automation Playing Key Role in Tackling Tax Evasion: Finance Ministry

18 December 2025 at 06:54

GST automation, e-invoicing and AI tools have reduced tax evasion, improved revenue buoyancy and boosted investor confidence, the government told Lok Sabha.

Posted in GST | 1356 Views

Fake GST Registrations Led to Rs 31,000 Crore Tax Evasion, Govt Tells Lok Sabha

18 December 2025 at 06:54

More than 10,000 fraudulent GST registrations using forged PAN and Aadhaar detected in last 2.5 years, involving Rs 31,000+ crore tax evasion, govt tells Lok Sabha.

Posted in GST | 1449 Views

DGGI Arrests Tax Consultant and Trader in Rs 30 Crore Bogus GST ITC Racket

16 December 2025 at 09:22

DGGI arrests a Jamnagar-based tax consultant and trader in a Rs 30 crore bogus GST ITC fraud in Gujarat, uncovering fake firms, invoices and e-way bills.

Posted in GST | 2097 Views

Rising Incomes, GST Rationalisation Fuel Rural Consumption Revival in 2025

16 December 2025 at 06:51

India’s rural economy recorded a strong recovery in late 2025, driven by higher consumption, rising incomes, GST rate rationalisation and easing inflation, according to NABARD’s latest Rural Economic Conditions and Sentiments Survey.

Posted in GST | 255 Views

State GST Launches 10-Day Drive to Clear Pending GSTR-3B Returns

16 December 2025 at 06:51

The State GST department has launched a 10-day special drive across the Chhatrapati Sambhajinagar Zone to clear pending GSTR-3B returns of over 8,600 taxpayers, aiming to recover Rs 47.63 crore in SGST and improve compliance.

Posted in GST | 480 Views