Goods & Service Tax (GST) 17 October 2026
Pizza Owner Sentenced, GST Updates and Global Tax News
A Kāpiti Coast pizza shop owner was sentenced to 10 months of home detention for failing to file GST and tax returns, owing over NZ$185,000. Meanwhile, India's GST council approved a zero late‑fee waiver for small taxpayers, Australia’s finance minister urged a GST rise to fund tax cuts, and Punjab police uncovered a ₹429 crore GST fraud involving 62 firms.
- Tax evasion case: Wenbin Shi, owner of a Kāpiti Coast pizza store, received 10 months home detention after pleading guilty to not filing GST and income‑tax returns, with GST debt of NZ$185,144. Details: RNZ and Business Scoop.
- India GST relief: The 57th GST Council recommends zero late fee for small taxpayers (turnover ≤ ₹5 crore) if GSTR‑3B is filed by deadline. See: CAclubindia. A correction facility for GSTR‑3B is also proposed: CAclubindia.
- Australia GST proposal: Finance Minister Mathias Cormann says raising GST could help fund lower income and corporate taxes as part of productivity reforms. Read: AFR.
- Punjab GST fraud: Authorities in Ludhiana uncovered a ₹429 crore GST fraud involving 62 firms; an FIR has been registered. Details: PropNewsTime.
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