Category Archives: News

GST 2.0 Next Generation Reform: Streamlined Notifications Issued for GST Rates and Exemptions W.E.F. September 22, 2025 Issue: To implement the comprehensive restructuring of India’s Goods and Services Tax (GST) rate system—known as GST 2.0—aimed at simplification, anomaly removal (like Inverted Duty Structure), and alignment with current economic policy. Facts: The GST Rate Reform 2.0… Read More »

IRDAI Chief: GST Cut Puts Insurance on Par with Food in Fiscal Policy   Issue: To analyze the policy signal sent by the Central Government’s decision to exempt individual health and life insurance premiums from Goods and Services Tax (GST) as part of the broader tax rationalization efforts. Facts: The government recently reduced the GST… Read More »

Home Minister: Record Festive Sales Confirm GST Benefits Reaching People   Issue: To assert that the recent significant growth in festive season sales volumes provides tangible evidence that the benefits of the Goods and Services Tax (GST) rate rationalization have successfully been passed on to, and realized by, the common consumer. Facts: Home Minister Amit… Read More »

FM to Seek Parliament Nod for Extra Spending to Cover Tax Reliefs   Issue: To obtain Parliamentary approval (via Supplementary Demands for Grants) for additional government funds required to offset the revenue shortfall caused by the significant tax rate cuts implemented through the recent personal income tax and Goods and Services Tax (GST) reforms. Facts:… Read More »

CBIC Implements Technology-Driven GST Registration System from November 1   Issue: To combat fraudulent registrations using bogus firms and enhance the ease of doing business for legitimate taxpayers, the CBIC introduced a new technology-driven, risk-based GST registration system with streamlined timelines. Facts: The Central Board of Indirect Taxes and Customs (CBIC) notified the Central Goods… Read More »

CBIC Extends Online Application for MOOWR Scheme Issue: To ensure continuity and prevent disruption for applicants, the Central Board of Indirect Taxes and Customs (CBIC) decided to extend the operational period of the existing temporary online application facility for the MOOWR scheme, while a permanent CBIC-hosted module is finalized. Facts: The Manufacture and Other Operations… Read More »

CGST Delhi Busts ₹31.95 Crore Fake ITC Fraud, Director Arrested Issue: To curb significant revenue leakage and crack down on fraudulent activities, the CGST Anti-Evasion Branch of the Delhi South Commissionerate investigated a firm suspected of illegally availing and passing on Input Tax Credit (ITC) without any corresponding supply of goods or services. Facts: The… Read More »