Latest Updates
Coimbatore Trade Bodies Petition CM Against State GST Harassment
Coimbatore trade bodies have petitioned Tamil Nadu’s Chief Minister against state GST harassment, highlighting repeated audits, penalties for clerical errors, and delays in appeals. Representing thousands of MSMEs worth over $9B, they demand reforms such as appeal timelines, automatic stays on recovery, and risk-based inspections. This issue isn’t just local—it affects jobs, exports, and global supply chains, making reform critical for India’s growth story.
Hyderabad Shops Report Big Diwali Sales After GST Cut
Hyderabad shops are reporting booming Diwali sales after GST cuts, highlighting India’s retail revival. With taxes reduced on electronics, apparel, and jewelry, families are buying big, while businesses and investors see opportunities in the surge. This festive season proves how policy shifts can spark consumer confidence and reshape markets. Here’s a breakdown of why GST cuts matter, how Hyderabad leads the trend, and what professionals and shoppers can expect next.
Lower GST On ICE Vehicles Could Impact EV Growth – HSBC Report
Lower GST on ICE vehicles could impact EV growth in India, warns HSBC. While tax cuts may make gas and diesel cars cheaper, they risk slowing electric vehicle adoption by reducing EVs’ pricing edge. With India’s EV market growing 150% in FY2023, this policy shift could derail momentum. Policymakers must now balance affordability, government revenue, and climate goals to secure India’s clean mobility future.
GST 2.0 – Why It Still Isn’t A Truly Good And Simple Tax
GST 2.0 – Why It Still Isn’t a Truly Good and Simple Tax: India’s proposed tax reform aims to simplify slabs and reduce compliance, but challenges remain. Excluded sectors, state revenue fears, and MSME struggles mean GST 2.0 is still a work in progress. Learn its pros, cons, consumer impact, and what businesses should do to prepare.
FADA Issues Advisory On Excess Inventory Amid GST Uncertainty
The Federation of Automobile Dealers Associations (FADA) has advised dealers to limit inventory amid uncertainty over GST 2.0 reforms. With potential tax cuts from 28% to 18% on vehicles, dealers risk heavy losses if they stock too much ahead of festive sales. Customers may benefit from lower prices, but both sides are urged to stay cautious until the GST Council makes an official announcement.
Lower GST On Household Items – What The Council Is Planning
India’s GST Council is preparing a major tax overhaul to lower GST on household items, moving from four slabs to two (5% and 18%). Essentials like food and dairy will drop to 5%, while appliances and small vehicles shift to 18%. Insurance premiums may also see lower rates. The move could boost consumption by ₹2 lakh crore, though states may lose revenue. Rollout is expected before Diwali 2025.
GST Rejig – Household Items Likely To Get Cheaper Soon
The GST rejig in India will make essentials and big-ticket items cheaper by cutting tax slabs from four to two. Goods like ghee, toothpaste, soaps, ACs, TVs, and small cars will cost less from October 2025. While the government may lose ₹85,000 crore annually in revenue, experts forecast a ₹1.98 lakh crore boost in spending and a 0.6–0.8% jump in GDP.
Bidar Youth Arrested For ₹9.25 Crore GST Evasion Using Fake Bills
A Bidar youth was arrested for ₹9.25 crore GST evasion using fake bills, highlighting how fraudsters misuse tax systems. This article breaks down what happened, explains GST fraud in simple terms, and shares real-world examples from India, the U.S., and Europe. With over 1,300 words of insights, it also provides practical advice, compliance checklists, and career guidance for professionals. Learn how to stay safe, compliant, and ahead of the curve.
FHRAI Pushes GST Rationalisation To Boost Indian Tourism Globally
The Federation of Hotel & Restaurant Associations of India (FHRAI) is calling for GST rationalisation to boost Indian tourism globally. By proposing a flat 5% GST with input tax credit, FHRAI aims to make India more competitive, attract foreign tourists, and double tourism’s contribution to GDP. With global peers like Thailand and Vietnam offering simpler taxes, India could seize the opportunity to become a top global tourism hub by 2047.
GST Overhaul Ahead Of Diwali – Relief For Consumers, Risk For Revenue
India’s GST Overhaul Ahead of Diwali simplifies tax slabs, cuts costs on essentials, autos, and insurance, and promises big savings for consumers. But it risks government revenue losses of up to ₹1.1 trillion. By timing reforms with the festive season, the government hopes to spark a consumption boom. The move could fuel growth and market optimism, but fiscal challenges loom. Diwali 2025 may mark India’s boldest tax reform yet.
