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    December 31, 2025
    Show AI Summary
    GST evasion prompts arrests after fake firms and bogus transactions worth crores were uncovered across states.
    An organized scheme allegedly used forged documents and fake firms to show bogus transactions of about Rs 96.53 crore, producing GST evasion of Rs 17.57 crore; two suspects were arrested and electronic devices, identity documents, cheque books and fake invoices were seized. A criminal case was registered based on a commercial tax complaint and charges were framed under the Bharatiya Nyaya Sanhita, and interrogation linked additional document suppliers assisting the network; investigations continue to apprehend other members and trace evidence across jurisdictions.
    December 31, 2025
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    Cooling appliance prices to rise as new star rating standards increase efficiency thresholds, prompting higher costs for ACs and refrigerators.
    Revised energy labelling standards effective January 1, 2026 raise performance thresholds and expand mandatory star labelling, requiring manufacturers to adopt costlier components to meet the stricter 5 star criteria. The change will reclassify many existing high rated cooling appliances to lower star levels, prompting industry estimates of price increases-around 10% for new top rated room air conditioners and 3-5% for refrigerators-driven by compliance costs alongside commodity and currency pressures.
    December 30, 2025
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    IndiGo faces a large GST demand over compensation treatment and denied input tax credit and will contest the orders.
    A revenue assessment imposed a substantial GST demand, interest and penalty relating to compensation from a foreign supplier and denial of input tax credit across multiple years, with an aggregate demand exceeding Rs 458 crore and a separate smaller penalty for another year; the airline will contest the orders through appeals, maintaining the positions are erroneous and supported by external tax advice and asserting no significant present financial or operational impact.
    December 30, 2025
    Show AI Summary
    Electronic Credit Reversal and RCM ledgers now block excess ITC claims until negative ledger balances are corrected.
    Automated portal validations will bar reclaimed ITC or RCM ITC claims that exceed ledger balances plus current-period reversals or liabilities: reclaim in Table 4(D)(1) is limited to the reclaim ledger closing balance plus ITC reversed in Table 4(B)(2); RCM ITC in Table 4A(2)/4A(3) is limited to RCM liabilities in Table 3.1(d) plus the RCM ledger closing balance. Negative ledger balances must be remedied-by reversal in Table 4(B)(2) for reclaimed ITC or by paying RCM liability or reducing RCM ITC claimed-before filing GSTR-3B.
    December 29, 2025
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    GST rate cuts drove industrial production to 6.7% in November, led by manufacturing and a mining rebound.
    Cutting of Goods and Services Tax rates triggered order accumulation that supported industrial output, lifting the Index of Industrial Production to 6.7% year on year in November, led by manufacturing (basic metals, fabricated metal products, pharmaceuticals and motor vehicles) and a rebound in mining, while power contracted; the National Statistics Office revised October growth upward and noted broad based manufacturing gains across 20 of 23 industry groups.
    December 29, 2025
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    Customs clearance facilitation meeting advanced CBIC digital initiatives and committed to transparency, accessibility, and efficiency in trade processes.
    The Customs Clearance Facilitation Committee meeting reviewed CBIC policy and digital initiatives, addressed operational challenges in the Delhi Customs Zone, and produced actionable measures to strengthen facilitation and efficiency. Delhi Customs committed to promoting Transparency, Accessibility, and Efficiency, endorsing sustained inter-agency coordination and an open-door dialogue approach to advance trade facilitation and reinforce stakeholder confidence.
    December 27, 2025
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    Appointment of Amit Kashyap as Member of the GST Appellate Tribunal for Himachal Pradesh for a four-year term.
    Amit Kashyap has been appointed as a Member of the GST Appellate Tribunal for the State Bench at Shimla for a four-year term, following approval by the Appointments Committee of the Cabinet and recommendation by a selection committee chaired by the Chief Justice of the Himachal Pradesh High Court. The appointment is part of the nationwide establishment of GST Appellate Tribunals designed to expedite tax dispute resolution and enhance transparency in tax administration.
    December 26, 2025
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    Air purifiers: petition seeks reclassification as medical devices and GST reduction to make them affordable.
    The petition seeks directions to classify air purifiers as medical devices and reduce GST from 18 percent to 5 percent on the ground that they are essential during severe air pollution. The Centre contends that any change to GST rates must proceed through the GST Council, which requires physical voting and participation of states and the Union finance minister, and asks for time to file a detailed counter affidavit and to have the petition treated as a representation to the Council.
    December 24, 2025
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    Kerala says central fiscal classifications and transfer adjustments have cut borrowing limits and disrupted state development funding.
    Kerala alleges central fiscal measures have constrained its development financing by treating KIIFB and similar agency borrowings as state debt, applying GRF-linked deductions and recovering IGST transfers for technical reasons, and reducing divisible tax shares and GST compensation, cumulatively shrinking market borrowing limits and central receipts and impairing budget planning and infrastructure funding.
    December 24, 2025
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    Kerala fiscal squeeze from reduced borrowing consent, GST rate rationalisation and export shocks threatens essential services.
    Kerala reports that the Centre reduced its fourth-quarter borrowing consent from an estimated Rs 12,516 crore to Rs 5,636 crore after a Rs 5,944 crore deduction, creating acute fiscal stress that limits the state's ability to meet pre-committed liabilities and finance essential public services; the state attributes the narrowed fiscal space to GST rate rationalisation causing an estimated Rs 8,000 crore annual shortfall and reciprocal US tariff measures inflicting an additional estimated Rs 2,500 crore annual loss.
    December 24, 2025
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    GST on air purifiers: Delhi High Court directs GST Council to consider lowering or abolishing tax.
    The Delhi High Court directed the GST Council to meet urgently to consider lowering or abolishing the goods and services tax on air purifiers due to worsening air quality, urging fiscal reconsideration as a public health response.
    December 24, 2025
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    GST and tax design allegedly empower monopolies and squeeze MSMEs, undermining production and jobs.
    Allegations assert that current policy and tax design, notably GST and an inverted duty structure, empower monopolies while burdening MSMEs through bureaucratic complexity and adverse tax slabs, undermining production and employment and favouring large corporate houses.
    December 24, 2025
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    CGST superintendent arrested for accepting Rs. 5 lakh as part-payment bribe during audit; unexplained assets and audit records seized.
    A CGST superintendent is accused of soliciting and accepting a part-payment bribe during an audit after threatening to fabricate a tax demand; a trap operation caught him accepting Rs. five lakh. Searches at his residence and office recovered unaccounted cash, property purchase deeds, and digital audit-related evidence, and the investigation remains ongoing.
    December 24, 2025
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    Air purifiers: court urged temporary GST exemption and reclassification as medical devices amid severe air pollution.
    A PIL seeks classification of air purifiers as medical devices and reduction of the Goods and Services Tax from 18% to five per cent, contending high taxation makes essential indoor-air devices financially inaccessible and imposes an arbitrary health burden. The Delhi High Court expressed displeasure at lack of administrative action in the current emergency of very poor air quality, directed authorities to take instructions, and urged consideration of temporary exemption or short-term relief to secure access to clean air.
    December 23, 2025
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    GST collections rose 16% through November; excise revenue up 8.6% amid enforcement, analytics, and settlement measures.
    GST collections rose 16.03% to Rs 17,860.09 crore through November and excise revenue increased 8.64% to Rs 7,401 crore; enforcement actions (3,860 FIRs, 3,795 arrests) and targeted measures including the One-Time Settlement (OTS) Scheme-2025, Tax Intelligence Unit analytics (recovering Rs 344.06 crore), and GSTR-3B non-filer monitoring underpinned the revenue gains.
    December 23, 2025
    Show AI Summary
    CGST official arrested for allegedly soliciting and accepting a bribe after threatening to fabricate a tax demand.
    A CGST officer is alleged to have audited a company, threatened to fabricate a Rs 98 lakh tax demand, demanded Rs 20 lakh to settle the matter, accepted a Rs 5 lakh part payment and was apprehended in a trap; subsequent searches recovered unexplained cash, property deeds and digital evidence related to the audit.
    December 21, 2025
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    GST fraud: four individuals booked for creating fake firms and claiming over Rs 22.06 crore in input tax credit.
    A complaint alleges four persons created eight fictitious GST-registered firms between April and August, submitted false documents to obtain registrations, and claimed about Rs 22.06 crore in input tax credit; they have been booked under offences for organised crime, criminal breach of trust, cheating, dishonest removal or concealment of property, and relevant GST Act provisions, and the investigation remains ongoing.
    December 19, 2025
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    IndiGo seeks Rs 900 crore refund for Customs duty on aircraft engines re imported after overseas repairs under double levy claim.
    Petitioner challenges re levy of Customs duty on goods re imported after overseas repairs as a double levy where basic Customs duty was paid on re import and GST was discharged on the repair service; petitioner seeks refund of over Rs 900 crore paid on more than 4,000 bills, relying on a tribunal ruling that re levy is impermissible and that a later amendment to an exemption notification operates only prospectively.
    December 18, 2025
    Show AI Summary
    Employment guarantee scheme changes will cut state funding, limit rural employment and stress state finances.
    Converting the employment guarantee scheme to a 60:40 funding ratio will materially reduce central transfers to states, constrain employment generation under the programme and worsen state budgetary stress. This fiscal reallocation is characterised as a shift in Centre-state responsibilities that, together with recent tax-rate and GST changes, has reduced state revenues and risks diverting benefits away from rural beneficiaries toward corporate interests, undermining the scheme's capacity to deliver employment and income support.
    December 18, 2025
    Show AI Summary
    GSTR 9/9C annual return: auto population rules, ITC allocation, reclaim treatment, and late fee calculation guidance.
    GSTR 9/9C for FY 2024 25 is enabled only after filing all GSTR 1 and GSTR 3B for that year; Tables 4,5,6,8 and 9 are auto populated from GSTR 1/1A/IFF, GSTR 2B and GSTR 3B. Table 8A sources inward supplies from GSTR 2B including supplier filings made in the next FY within April-October. Table 6A1 captures ITC of the preceding FY claimed in the current FY (except ITC reclaimed under reverse claim rules); net current year ITC (6A2) must be allocated across 6B-6H. Claim/reversal/reclaim events are reported separately (6B, Table 7, 6H or Table 13/next year 6A1 as applicable). Table 8C records current year ITC first availed in the next FY; Table 8B is driven only by 6B. Late fees for annual return and audit reconciliation mechanics are auto calculated and examples demonstrate application.

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      December 24, 2025

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      New Delhi, Dec 24 (PTI) Following are the top stories at 9 PM: NATION DEL34 UP-UNNAO RAPE-2NDLD SURVIVOR (6.34 PM)

      'Kaal' for my family: Unnao rape survivor on suspension of Sengar's jail term; to move SC Unnao/Ballia (UP): The 2017 Unnao rape survivor on Wednesday termed the Delhi High Court's decision to suspend the jail term of the accused, expelled BJP leader Kuldeep Singh Sengar, "kaal" (death) for her family and said she would move the Supreme Court against it.

      MDS16 ISRO-LDALL SATELLITE (6.04 PM)

      ISRO''s ''Bahubali'' rocket places 6000 kg US communication sat into orbit, the heaviest from country Sriharikota (Andhra Pradesh): In a historic Christmas eve mission, ISRO's "Bahubali" rocket on Wednesday successfully launched a 6,100 kg US communication satellite-- the heaviest by and Indian launcher, into the desired orbit, a feat described by the space agency as the season's gift to the country.

      DEL53 RAHUL-2NDLD UNNAO (7.56 PM)

      Rahul meets Unnao rape survivor, says 'we're turning into dead society' on her ill-treatment New Delhi: Congress leader Rahul Gandhi met the Unnao rape survivor here on Wednesday after she allegedly faced ill-treatment for raising her voice against the bail granted to convict Kuldeep Singh Sengar, and said India is not just becoming a dead economy, but also a dead society.

      DEL56 PM-UP-LD VISIT (8.14 PM)

      PM to inaugurate national memorial in Lucknow to honour life, ideals of Vajpayee New Delhi: Prime Minister Narendra Modi will on Thursday inaugurate a landmark national memorial and complex in Lucknow that will host statues of BJP ideologues Syama Prasad Mookerjee, Pandit Deendayal Upadhyaya, and former prime minister Atal Bihari Vajpayee.

      DEL61 CAB-LD DELHI METRO (8.32 PM)

      Union Cabinet clears 3 new Metro stretches in Delhi, including Central Vista Corridor New Delhi: In a major boost to Delhi's infrastructure, the Union Cabinet on Wednesday approved three new Metro corridors, including a 9.91-km stretch from the RK Ashram Marg to Indraprastha, which will connect all Kartavya Bhavans, India Gate, Bharat Mandapam, the National War Memorial and other important installations in Lutyens' Delhi.

      BOM20 MH-2NDLD UDDHAV-RAJ (6.06 PM)

      Shiv Sena (UBT), MNS announce alliance ahead of Mumbai civic polls Mumbai: Ending a 20-year political feud, Shiv Sena (UBT) chief Uddhav Thackeray and MNS president Raj Thackeray forged an alliance on Wednesday for the elections to the cash-rich Brihanmumbai Municipal Corporation to be held on January 15.

      DEL52 ENV-ARAVALLIS (7.54 PM)

      Centre imposes ban on new mining leases in Aravallis; protected zone to be expanded New Delhi, Dec 24 (PTI) The Centre on Wednesday issued directions to states for a complete ban on granting new mining leases in the Aravallis, officials said.

      DEL57 ENV-CAQM-GRAP (8.20 PM)

      GRAP 4 curbs revoked in Delhi-NCR as air quality improves New Delhi: The Commission for Air Quality Management (CAQM) in Delhi-NCR and adjoining areas on Wednesday revoked curbs imposed under GRAP 4 following improvement in air quality, officials said.

      BOM13 MH-UDDHAV-RAJ-FADNAVIS (3.32 PM)

      Alliance of Thackerays won't have much impact; tie-up for their own political survival: Fadnavis Mumbai: Maharashtra Chief Minister Devendra Fadnavis on Wednesday downplayed the alliance of the parties led by Uddhav Thackeray and his cousin Raj, saying it will not make any significant difference and that their coming together was an attempt for their own political survival.

      CAL31 AS-VIOLENCE-LD ARMY (7.50 PM)

      Army conducts flag march in Assam's violence-hit West Karbi Anglong Diphu: The Army conducted a flag march in violence-hit West Karbi Anglong district of Assam to help maintain law and order, Director General of Police Harmeet Singh said on Wednesday.

      CAL13 WB-BANGLA-UNREST-LD PROTEST (3.14 PM)

      Protests erupt at Bengal land ports over atrocities against Hindus in Bangladesh Kolkata: Members of a pro-Hindu organisation held demonstrations at several land ports along the India-Bangladesh border in West Bengal on Wednesday over the killing of a man belonging to the minority community in the neighbouring country.

      CAL18 OD-GIRL-2NDLD-MURDER (5.09 PM)

      Girl raped, murdered in Odisha, 1 arrested, mob demolishes accused's house; Oppn calls bandh Bhubaneswar/Bhadrak (Odisha): A 10-year-old girl was allegedly raped and murdered in Odisha's Bhadrak district, triggering a massive outrage with locals demolishing the accused's house, police said on Wednesday.

      LEGAL LGD13 DL-HC-2NDLD AIR PURIFIERS (5.29 PM)

      Delhi HC directs GST Council to meet at earliest, consider lowering GST on air purifiers New Delhi: The Delhi High Court on Wednesday directed the GST Council to meet at the earliest and consider lowering or abolishing goods and services tax on air purifiers in view of worsening air quality in the national capital.

      LGD10 DL-COURT-BLAST (3.17 PM)

      Red Fort blast: Delhi court extends judicial custody of 7 accused till January 8 New Delhi: A Delhi court on Wednesday extended the judicial custody of seven accused in the Red Fort blast case by 15 days.

      LGD16 DL-HC-MAJNU KA TILA (7.07 PM)

      Delhi HC asks authorities to take action against illegal cafes, restaurants in Majnu ka Tila New Delhi: The Delhi High Court on Wednesday directed authorities to take action against various cafes, bars and restaurants in Majnu ka Tila area here which are operating without sanctioned building plans and safety measures.

      LGD14 DL-HC-GANGSTER-LD WEB SERIES (5.59 PM)

      Delhi HC refuses to halt release of web series based on life of gangster Vikas Dubey New Delhi: The Delhi High Court on Wednesday refused to stay the release of web series "UP 77", which is reportedly based on the life of slain gangster Vikas Dubey.

      FOREIGN FGN44 US-CHINA-LD INDIA (4.56 PM)

      China probably seeks to capitalise from deescalating tensions along Line of Actual Control with India: US report New York/Washington: China probably seeks to capitalise from deescalating tensions along the Line of Actual Control with India to stabilise bilateral relations and prevent the deepening of US-India ties, according to a report by the US Department of War.

      FGN54 BANGLA-BNP-LD RAHMAN (7.43 PM)

      BNP's acting chief Tarique Rahman set to return Bangladesh on Thursday Dhaka: Tarique Rahman, the Acting Chairman of the Bangladesh Nationalist Party and heir to the influential Zia family, is set to return home on Thursday, ending his nearly 17 years in exile in London, his party said on Wednesday.

      FGN59 BANGLA-EXPLOSION (8.58 PM)

      1 killed in crude bomb explosion in Bangladesh Dhaka: One person was killed in a crude bomb explosion in the Bangladeshi capital on Wednesday, police said.

      FGN57 US-CHINA-PAK (8.19 PM)

      Pentagon report highlights cooperation between China and Pakistan in defence, space New York/Washington: A report by the Pentagon highlights the cooperation between China and Pakistan in sectors such as defence and space, adding that Beijing "likely also considered" setting up a base in Pakistan.

      PTI OZ OZ

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