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.

07 Aug 2025 05:35 PM
New

Rethink policy: Let’s take Trump’s tariff tirade as an opportunity for tax reforms

Source: https://www.livemint.com/opinion/online-views/rethink-policy-donald-trump-tariff-tirade-tax-reforms-india-tariffs-overvalued-rupee-gst-exemptions-exports-fdi-11754471699742.html

India’s tariffs are often described as ‘excessively protectionist,’ but the reality is more complex.

07 Aug 2025 05:42 PM
New

Mumbai GST Officials Arrest 2 for Rs 9 Cr ITC Fraud

Source: https://taxguru.in/goods-and-service-tax/cgst-central-excise-raigad-commissionerate-arrests-persons-fraudulently-availing-input-tax-credit-rs-9-crore-shell-firms-panvel-raigad-mumbai-zone.html

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.

07 Aug 2025 05:52 PM

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.

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.

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.

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.

06 Aug 2025 05:52 PM

E-way bill hits record high in July on robust demand, festive stocking and a tariff rush

Source: https://www.livemint.com/economy/eway-bill-record-july-2025-demand-festive-exports-tariffs-11754455241337.html

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.

05 Aug 2025 05:28 PM

GST evasion of over ₹7 trillion detected in five years: Centre

Source: https://www.livemint.com/economy/7-trillion-of-gst-evasion-detected-in-five-years-says-government-pankaj-chaudhary-11754321294160.html

The increase in tax evasion detected coincides with an expansion of data collection and reporting requirements implemented by the tax administration

05 Aug 2025 05:39 PM

Delhi GST Busts Rs. 47.12 Cr. Iron & Steel ITC Fraud

Source: https://taxguru.in/goods-and-service-tax/delhi-gst-busts-rs-47-12-criron-steel-itc-fraud.html

The CGST Delhi South Commissionerates Anti-Evasion Branch has exposed a significant Input Tax Credit (ITC) fraud scheme. The investigation targeted a Naraina-based iron and steel trader who fraudulently claimed and passed on ITC worth Rs. 47.12 crore, based on bogus invoices for approximately Rs. 261 crore in taxable value, with no actual movement of goods.