GST Updates

The Indian government has made several key announcements regarding the Goods and Services Tax (GST) regime. *GST updates* include the exclusion of rectification period for GST appeal limitations, as well as the reimbursement of 18% GST on R&D grants for defence startups.
- The Comptroller and Auditor General (CAG) has flagged irregularities in Delhi's subsidy and GST procurement, including the generation of 759 e-way bills involving outward supplies worth Rs 33.89 crore with nil tax liability.
- Customs duty on most items is expected to fall to single digits by the 2027-28 budget, as announced by Finance Minister Nirmala Sitharaman.
- The Karnataka High Court has ruled that GST registration cannot be cancelled on the basis of blank or defective verification reports.
- Scrap traders in Mandi Gobindgarh have warned the government of a shutdown over GST raids and notices, citing an opaque tax system that is crippling legitimate businesses.