13 Aug 2025 06:52 PM
New

E-Way Bill Portals Get Enhanced Interoperability

Source: https://taxguru.in/goods-and-service-tax/e-way-bill-portals-enhanced-interoperability.html

The National Informatics Centre (NIC) has announced an enhancement of interoperable services between the E-Way Bill 1 and E-Way Bill 2 portals. Following the initial launch of these services in September 2024, which only allowed for updating Part B and getting E-Way Bill details, the August 2025 update introduces several key new features.

13 Aug 2025 06:44 PM
New

GSTAT passes order against Subway franchisee for not passing rate cut benefit to customer

Source: https://www.livemint.com/focus/gstat-passes-order-against-subway-franchisee-for-not-passing-rate-cut-benefit-to-customer-11755075733647.html

New Delhi, Aug 13 (PTI) In its first order in profiteering case, the newly constituted GST Appellate Tribunal (GSTAT) has held Urban Essence, a franchisee of Subway Ltd, guilty of not passing GST rate cut benefit of ₹5.47 lakh.

08 Aug 2025 06:41 PM
New

States step up borrowing in July as capex drive gains pace

Source: https://www.livemint.com/economy/state-government-borrowing-state-development-loans-sdl-rbi-data-on-state-borrowing-state-capex-11754651108597.html

RBI data showed that state borrowings, in terms of allotments through SDL, climbed steadily through the first four months of FY26

07 Aug 2025 06:00 PM

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 05:55 PM

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.

07 Aug 2025 05:35 PM

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 05:52 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 05:42 PM

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 05:49 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 05:38 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.