2 arrested for siphoning off over 11 crore in interstate GST fraud

Hyderabad: The Economic Offences Wing (EOW) of the Cyberabad police has arrested two individuals for allegedly siphoning off ...

India to allocate $227.5 million for exporters' credit guarantee in FY26, source says

India's credit guarantee support for exporters will require a budget allocation of 20 billion rupees ($227.54 million) for the fiscal year 2026, a government source told reporters on Thursday.
Tax Guru

No ITC on Pre-Registration Stock if GST Registration Filed Late: Rajasthan Circular

Rajasthan GST circular directs officers to reject Input Tax Credit claims for taxpayers who register after 30 days from becoming liable, ensuring compliance under Section 18 of the RGST Act, ...
Mathrubhumi English

GST revolution: Small businesses can now get fast-track registration; here's how

India's new GST 2.0 reform allows low-risk small businesses to get GST registration in just 3 working days. Simplified, ...

Major changes in GST Invoice Management System (IMS) from October 2025 tax period

The Goods and Services Tax Network has updated its Invoice Management System. Taxpayers can now mark credit notes as pending for one tax period. This new feature offers flexibility in modifying Input ...