- 31 May 2025 06:01 PM
- New
FM Sitharaman ‘confident’ of ‘transparency’ after CBIC debunks claims of delay, corruption in GST registration process
The CBIC on Saturday debunked a claim circulating on social media about delays and corruption in granting GST registration, saying the applicant has yet to furnish details sought by Delhi state GST officers.
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- 29 May 2025 06:09 PM
- New
Global threats pose risks to India's economic growth: RBI annual report
In FY26, the markets will closely track the implications of Trump's US tariff policies and reciprocal measures by others, as an uncertain policy environment may instill volatility in global financial markets, RBI said.
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- 26 May 2025 06:25 PM
- New
Govt relaxes rules to boost GST registration among small businesses
New Delhi: The number of micro, small, and medium enterprises (MSMEs) with Goods and Services Tax (GST) registration is set to rise after the Central Board of Indirect Taxes and Customs (CBIC) asked its officials to relax scrutiny for such businesses, according to two people aware of the development. MSMEs contribute around 30% of India’s GDP.
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- 24 May 2025 06:51 PM
Tax rate revamp on GST Council agenda; India to push FATF to grey list Pakistan
New Delhi: The Goods and Services Tax (GST) Council will review proposals for tax rate rejig at its next meeting to be held within a couple of months to see how best to simplify the indirect tax regime and to support consumption demand, a person informed about Centre-state discussions said.
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- 24 May 2025 06:53 PM
SC stays ₹5,712-crore GST notice sent to Paytm-owned gaming platform First Games
One97 Communications, which owns Paytm brand said the tax matter is an industry-wide issue and not limited to First Games and the matter is being heard by the apex
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- 24 May 2025 06:47 PM
Haryana notifies gambling law; platforms brace for legal uncertainty
The Haryana Prevention of Public Gambling Bill, 2025 is aimed at curbing public gambling, including betting on sports and elections.
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- 13 May 2025 06:17 PM
CBI Arrests CGST Inspector in Ghaziabad for Accepting ₹2 Lakh Bribe
The Central Bureau of Investigation (CBI) apprehended a CGST Inspector from Ghaziabad on May 7, 2025, for demanding and accepting a bribe of ₹2 lakh. The CBI had registered a case based on a complaint alleging that the Inspector initially demanded ₹11 lakh from the complainant regarding a mismatch in their firm’s GST return, threatening adverse action if the payment was not made. Following negotiations, the Inspector agreed to accept ₹2 lakh. The CBI set a trap and apprehended the accused after he accepted the bribe in his car. The Inspector attempted to flee, damaging a CBI vehicle and private vehicles during a pursuit covering approximately 2 KM before being apprehended. The bribe amount of ₹2 lakh was recovered. Searches are being conducted at the official and residential premises of the accused, and the investigation is ongoing.
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- 13 May 2025 06:01 PM
Should you register for GST? Here’s everything you need to know.
If you run a business and are wondering whether GST registration is necessary, this Mint guide will help you navigate the essentials. While the decision hinges on your annual turnover, that's not all there is to it. GST registration is not just about hitting a certain sales figure – it’s also about the nature and geography of your operations.
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- 10 May 2025 06:14 PM
The week in charts: India-UK FTA, services PMI, Ather Energy IPO
India and the UK finalised a trade deal following three years of negotiations. A home-grown electric two-wheeler firm debuts on Indian bourses, and the country's services sector picked up pace in April.
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- 09 May 2025 06:16 PM
CGST Delhi Uncovers ₹7.85 Crore ITC Fraud; CA Arrested
The CGST Delhi South Commissionerate has unearthed a significant GST fraud involving fraudulent Input Tax Credit (ITC) claims totaling ₹7.85 crore. The investigation revealed the misuse of over 80 GSTINs, primarily linked to a South Delhi-based Chartered Accountant. A core group of 31 GSTINs was identified for engaging in circular trading without any actual supply of goods or services. The fraud involved credential misuse, with GST filings controlled centrally by the Chartered Accountant. Search operations at 12 premises uncovered multiple non-existent firms, and relevant electronic evidence was seized. Statements from implicated individuals indicated reliance on the accused for GST filings. The offences fall under Sections 132(1)(b) and 132(1)(c) of the CGST Act, 2017, which are non-bailable and cognizable under Section 132(5). The accused was arrested under Section 69(1) and remanded to judicial custody until May 21, 2025. This case underscores systemic abuse of the GST framework through impersonation and collusion in circular trading. Further investigations are ongoing to determine the full extent of the fraud and to identify other beneficiaries of the ineligible ITC claims.
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