Latest Updates
GST Sleuths Bust Electronics Firm in ₹5 Crore Tax Fraud
GST sleuths uncovered a ₹5 crore tax fraud by Epack Durable Ltd, a major electronics manufacturer in India. The company allegedly forged transport records and made fake input tax credit (ITC) claims over three years. With ₹1.85 crore already repaid, the case highlights India’s growing GST fraud problem—₹7.08 trillion evaded in five years—and underlines the need for stronger compliance. Learn how fraud works, its consequences, and how businesses and consumers can prevent it.
Nomura Predicts 10% Jump in Car Demand If GST Rate Is Cut- Check Details
Nomura predicts India’s car demand could jump 15–20% if GST is cut by 10%. With the government proposing a reduction from 28% to 18% on small cars, buyers may save up to ₹70,000, while auto stocks rally. Automakers like Maruti, Hyundai, and Mahindra could see a demand boom before Diwali. Learn the history, risks, global comparisons, and what this means for buyers and investors.
GST Slashed To Just Two Rates As 99 Percent Items Get Cheaper This Diwali
India’s biggest GST reform is here—just in time for Diwali 2025. The government has announced a simplified two-slab tax system (5% and 18%), with a 40% special rate for luxury/sin goods. Nearly 99% of items in the 12% slab will now get cheaper, making life easier for consumers and businesses. Learn how this “GST 2.0” will impact your shopping, business, and India’s economic future.
