- 07 Aug 2025 05:55 PM
- New
Fake GST Firms and Input Tax Credit Fraud
Source: https://taxguru.in/goods-and-service-tax/fake-gst-firms-input-tax-credit-fraud.html
In response to a parliamentary question from Shri Randeep Singh Surjewala, the Ministry of Finance has provided data on the detection of fake GST firms and Input Tax Credit (ITC) fraud. The data reveals that since April 2022, over 5,000 cases of ITC fraud have been detected, with fraudulent claims exceeding ₹10,000 crore.
Read More
- 07 Aug 2025 06:00 PM
- New
GST Rate Variations Due To Product Form Changes
Source: https://taxguru.in/goods-and-service-tax/gst-rate-variations-due-product-form-changes.html
In a Rajya Sabha unstarred question, Shri Imran Pratapgarhi raised concerns about Goods and Services Tax (GST) rate variations. He asked if the government was aware that minor changes in a product’s form could lead to different tax rates, and whether these inconsistencies were being reviewed.
Read More
- 07 Aug 2025 05:52 PM
- New
GST Exemption for Khadi and Village Industries Products
Source: https://taxguru.in/goods-and-service-tax/gst-exemption-khadi-village-industries-products.html
In a Lok Sabha unstarred question, Adv. K. Francis George inquired whether the government was aware that Khadi & Village Industries Commission (KVIC) products are handmade, leading to high production costs. He also asked if these products are taxed up to 12% GST and if the government would consider exempting them from GST to support employment.
Read More
- 07 Aug 2025 05:38 PM
Centre wants to pull more small traders and vendors into GST net—by persuasion
Source: https://www.livemint.com/industry/centre-rethink-gst-push-small-vendors-11754549940116.html
New Delhi: The Central government’s indirect tax administration plans a gentle approach to pull more retail traders and vendors into the goods and services tax net, unlike Karnataka and Tamil Nadu’s direct efforts that resulted in a backlash, two officials said.
Read More
- 07 Aug 2025 05:45 PM
Reduction of GST on Handloom & Handicraft Products
Source: https://taxguru.in/goods-and-service-tax/reduction-gst-handloom-handicraft-products.html
In response to a parliamentary question from Dr. Ganapathy Rajkumar P, the Ministry of Finance addressed the possibility of reducing GST on handloom, handicraft products, rice, and bran. The question specifically inquired about making products like pashmina shawls and silk carpets more affordable, as well as abolishing the 5% GST on packaged rice and bran up to 25 kg.
Read More
- 07 Aug 2025 05:42 PM
Mumbai GST Officials Arrest 2 for Rs 9 Cr ITC Fraud
Officers from the CGST & Central Excise Raigad Commissionerate in Mumbai have arrested two individuals for allegedly creating shell companies to fraudulently claim over Rs. 9 crore in Input Tax Credit (ITC). The two arrested, Mukesh Devnarayan Tiwari and Sandeep Nanhelal Modanwal, are directors of a company called M/s. Jaisha Metals Private Limited. The investigation revealed that this company was using fake invoices from non-existent firms to illegally obtain tax credits.
Read More
- 07 Aug 2025 05:35 PM
Rethink policy: Let’s take Trump’s tariff tirade as an opportunity for tax reforms
India’s tariffs are often described as ‘excessively protectionist,’ but the reality is more complex.
Read More
- 07 Aug 2025 05:49 PM
GST Collections, Evasion and Compliance Measures
Source: https://taxguru.in/goods-and-service-tax/gst-collections-evasion-compliance-measures.html
The Ministry of Finance has provided data on annual Goods and Services Tax (GST) collections and tax evasion cases in a response to an unstarred question in the Lok Sabha. The data shows that net Central GST collections have generally met or exceeded both Budget and Revised Estimates over the last five financial years.
Read More
- 06 Aug 2025 05:52 PM
E-way bill hits record high in July on robust demand, festive stocking and a tariff rush
India generated a record 131.9 million e-way bills in July, driven by rising rural demand, festive prep, and exporters racing to beat US tariffs, underscoring resilient supply chains and domestic consumption.
Read More
- 05 Aug 2025 05:28 PM
GST evasion of over ₹7 trillion detected in five years: Centre
The increase in tax evasion detected coincides with an expansion of data collection and reporting requirements implemented by the tax administration
Read More