GST

Sensex, Nifty trade flat after mild early losses; realty stocks gain

Nifty, Sensex open higher amid positive buzz on GST reforms

Sensex gained 195.01 points or 0.24 per cent in the morning session to touch 81,468, while Nifty 50 rose by 46.30 points or 0.19 per cent to 24,923.

Aug 19, 2025

117 people arrested for fake GST registrations in 2 fiscal years: Minister

Over 100 people arrested for fake GST registrations in 2 fiscal years: Minister

Two special drives against fake Input Tax Credit and fake registrations were launched during the financial year 2023-24 and 2024-25 in coordination between the state and Central GST administrations, Minister of State for Finance, Pankaj Chaudhary, said in a written reply to a question in Lok Sabha.

Aug 18, 2025

Explained: Structural GST reforms to bring rate rationalisation, ease of living

"The Central Government is proposing major reforms in GST to build an 'Atmanirbhar Bharat' by focussing on structural reforms, rate rationalisation, and ease of living," PM Modi said. Reforms also aim to reduce classification disputes, correct inverted duty structures in specific sectors, ensure greater rate stability, and improve ease of doing business, an official release said.

Aug 15, 2025

Govt withdraws Income Tax Bill 2025 from Lok Sabha, new version to be tabled on Monday

Over 31,000 fake ITC cases worth Rs 1.19 lakh crore unearthed in 3 years; crackdown underway

Input Tax Credit (ITC) scams under the GST regime have witnessed a dramatic surge over the past three years, with authorities detecting fraudulent claims worth ₹1,19,286 crore across 31,704 cases. In 2024–25 alone, over 15,000 cases have been registered.

Aug 11, 2025

No plan to levy GST on UPI transactions over Rs 2,000, says Centre

No plan to levy GST on UPI transactions over Rs 2,000; Centre blames K'taka officials for notices

Answering a question about whether the government is considering a proposal to levy GST on UPI transactions of over Rs 2,000, the minister told the House that GST rates and exemptions are decided on the basis of recommendations of the GST Council.

Jul 27, 2025

Bengaluru Police crack Rs 2 crore robbery case; arrest 15 in USDT scam

The investigation revealed a sophisticated scheme orchestrated by a gang that targeted affluent individuals. The modus operandi involved luring victims with the promise of converting their cash into United States Dollar Tether (USDT) digital currency. The gang further enticed their targets by claiming they could double the amount and return it via RTGS premium, inclusive of GST.

Jul 22, 2025

GST enters 8th year after rollout with record collections, thumbs up from 85 pc taxpayers

GST has transformed the logistics industry. Long queues of trucks at state borders and corruption-prone checkpoints have become a thing of the past. Goods now move faster and more freely across state lines.

Jun 30, 2025

CBDT meets officials to dispel doubts on faceless tax assessment.

GST collection jumps 7.7 pc in June to Rs 1.74 lakh crore

India's gross GST collection rose to Rs 1.74 lakh crore in June this year which represents a 7.7 per cent increase over the same month last year, according to sources.

Jul 2, 2024

RBI Governor confident of India's progress, says on path to steady 8% GDP growth

RBI Governor Shaktikanta Das sees India moving ahead towards an 8 per cent GDP growth trajectory on a sustained basis, driven by structural economic reforms such as GST.

Jun 26, 2024

GST Council recommends uniform 12 per cent GST on milk cans, cartons, water sprinklers

The GST Council meeting held on Saturday recommended a uniform GST rate of 12 per cent on all milk cans whether they be made of steel, iron, or aluminum, Finance Minister Nirmala Sitharaman said.

Jun 22, 2024

Railway tickets to be cheaper as exempted from GST

The GST Council meeting chaired by Finance Minister Nirmala Sitharaman on Saturday decided to exempt services provided by Indian Railways from GST.

Jun 22, 2024

Centre calls media reports on hike in medicine prices 'false & misleading'

The Union Ministry of Health and Family Welfare on Wednesday said that media reports claiming a significant hike in medicine prices are "false, misleading and malicious".

Apr 4, 2024

New Delhi: Finance Minister Nirmala Sitharaman During The 52nd Goods And Services Tax (GST) Council Meeting

Retirement age of GST Appellate Tribunal chief, members raised [Details]

The GST Council at its meeting held on Saturday recommended an increase in the retirement age of the president and members of the GST Appellate Tribunal.

Oct 7, 2023

GST Council scraps tax on millet flour; 2023 declared as 'Year of the Millet'

In the year of the millet, the GST Council on Saturday exempted millet flour from GST.

Oct 7, 2023

28% GST on online gaming, casinos & horse racing from Oct 1: CBIC chief

The Central Board of Indirect Taxes and Customs (CBIC) is prepared to implement the 28 per cent GST (Goods and Services Tax) rate on online gaming, casinos and horse racing from October 1, CBIC chairman Sanjay Agarwal said on Thursday.

Sep 28, 2023

28% GST impact: Online poker platform Spartan Poker lays off 125 employees

After Mobile Premier League (MPL) and Hike's Rush Gaming, online poker platform Spartan Poker has reportedly become another victim of government's 28 per cent GST on online gaming.

Aug 19, 2023

Homegrown gaming platform MPL lays off 50% of workforce amid 28% GST regime

Homegrown online gaming platform Mobile Premier League (MPL) is reportedly slashing its workforce by nearly 50 per cent that will impact around 350 jobs, as the 51st GST Council meeting stayed firm on taxing online gaming at 28 per cent on gross value collected.

Aug 8, 2023

Six years of GST regime: Rs 27,426 Cr of tax evasion detected but only Rs 922 Cr recovered

In six years since the introduction of the Goods and Services Tax (GST), the government has detected 5,070 fraud cases of GST registration misusing PAN and Aadhaar details of people to claim input tax credit (ITC).

Jul 31, 2023

MSME yet to recover from impact of demonetisation, GST: Congress

Congress on Saturday slammed the BJP-led central government saying the MSME sector has not yet recovered from the impact of demonetisation and GST and that no adequate steps were taken to revive the sector which could have provided employment to the youth is in its worst phase.

Jul 22, 2023

28% GST to be levied on full value of online gaming, horse racing, casinos

In a setback to online gaming companies, the GST Council on Tuesday decided that there will be a 28 per cent GST levy on full value of gaming, horse racing, and casinos.

Jul 11, 2023

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GST