GST Updates: Tax Evasion, Case Law, and Market Shifts

Key GST Highlights
- Kerala tax evasion probe: The state GST department suspects ₹7.56 crore evasion by Southern Railway parking providers. (source)
- AP hotel and restaurant raids: Detect ₹5.69 crore GST evasion and ₹115 crore suppressed turnover across 13 outlets. (source)
- Case law update: Taxmann digest notes that traders can claim refunds of unutilised ITC from an inverted duty structure. (source)
- Australia corporate GST: Review of top 100 reporters shows 9 bn GST paid, with most from high‑assurance taxpayers. (source)
- Term insurance surge: Post‑GST exemption, Indian term‑life purchases rise 1.5 × and more riders are added. (source)
- Federal Reserve outlook: Kansas City Fed’s Schmid sees inflation trending above 3% despite mixed goods‑services data. (source)
- Court ruling on GST notices: A one‑day delay in issuing a CGST Act notice vitiates the entire detention and seizure process. (source)
- ITC cigarette price hike: Prices of Classic Connect and Gold Flake Super Star increase under the new 40% GST and excise regime. (source)
- Telangana High Court order: GST authority directed to accept a fresh manual revocation application to avoid business disruption. (source)