Latest Updates
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.
GST Structure Simplified – Key Changes Explained
India’s GST structure is getting a major revamp in 2025, cutting four tax slabs into just two—5% and 18%—with a special 40% slab for luxury goods. Nearly all 12% items move down to 5%, and many 28% items drop to 18%, giving relief to consumers and small businesses. Expected by Diwali 2025, the reform simplifies compliance but raises concerns for states about potential revenue losses.
Could a 15% GST Actually Help Young Australians? The Surprising Argument for Reform
Australia’s proposed 15% GST sounds harsh, but experts argue it could actually benefit young Australians. With a $3,300 rebate per adult shielding essentials and $24 billion in new revenue, the plan could rebalance the tax system, ease income tax burdens, and drive long-term growth. This article explains the winners, losers, and lessons from overseas—and why reform might be Australia’s boldest step toward intergenerational fairness.
MSMEs Eye Relief as GST Revamp Promises Easier Compliance and Faster ITC Refunds
India’s GST 2.0 reform, expected by Diwali 2025, is set to simplify tax compliance for MSMEs by cutting slabs, promising faster ITC refunds, and resolving classification disputes. The move could free up liquidity, formalize small businesses, and strengthen exports. Though challenges like government revenue loss and stricter filing accuracy remain, the reform finally offers MSMEs the chance to focus on growth instead of red tape.
GST Rate Reset Sparks Panic—States Scramble to Recover Massive Revenue Losses
The GST rate reset has simplified India’s tax slabs from four to three, promising cheaper goods and a potential 0.6% GDP boost. But states face steep losses—Kerala alone anticipates ₹8,000 crore shortfalls, while Punjab demands ₹60,000 crore in compensation. With the GST Council meeting in September 2025, center–state relations hang in the balance. The reform could be a growth booster—or a fiscal crisis waiting to explode.
Your Expenses Could Change Soon—GST Council Eyes Rationalising 12% & 18% Rates
Your expenses could change soon—GST Council eyes rationalising 12% & 18% rates. India is moving toward a simplified GST system with just two slabs (5% & 18%) and a steep 40% luxury tax. Essentials may get cheaper, while luxury goods and tobacco will cost more. Insurance premiums may be exempt, easing household budgets. The final decision comes in September 2025, and it could reshape India’s economy.
Retail Sales Take a Hit This Festive Season—Is the Wait for GST Cuts to Blame?
Retail sales in India are unusually slow this festive season as shoppers delay big-ticket purchases while waiting for GST cuts that could slash prices by up to 8%. While auto dealers and appliance makers face cancellations, e-commerce platforms are preparing for a late surge. This article explores GST’s impact on consumer psychology, retail strategy, and the broader economy, offering actionable advice for shoppers, professionals, and businesses.
New GST Slash May Slash Car Prices—See How Much You Could Save on Your Dream Ride
India’s new GST slash on cars could make your dream ride more affordable than ever. With small car taxes dropping from 28% to 18% and SUVs shifting to a 40% slab, buyers stand to save ₹20,000 to over ₹1 lakh. Lower EMIs and festive deals make it even sweeter. Here’s a complete guide to understanding how much you’ll save, what to watch out for, and whether now’s the right time to buy.
