Fuel Hikes in Guwahati May Spike Essential Commodity Costs
Traders in Guwahati fear a rise in prices of essential commodities like rice and pulses after two fuel price increases in a week. Egg prices have already surged by Rs 50 per carton.
Category : GST & Taxation
Sumit Kumar Yadav Becomes CGST Commissioner in Kolhapur
Sumit Kumar Yadav, a 2006 batch IRS officer, assumed charge as CGST commissioner in Kolhapur, succeeding D Venkateshwara Reddy, who was transferred to Bengaluru.
UP LPG Backlog Reduced to 5.4 Days, 8 Lakh Refills
Oil marketing companies in Uttar Pradesh deliver 8 lakh LPG refills daily, reducing backlog to 5.4 days. Petrol and diesel stocks sufficient for 14 days.
SC Grants Bail to Future Maker Life Care Promoters in GST Case
The Supreme Court granted regular bail to Future Maker Life Care promoters in a GST liability case involving alleged dues of over ₹54 crore, noting no useful purpose in further custody.
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Fuel Supply in Rajasthan Drops 30% Amid Ethanol Blending Row
Rajasthan faces 30% fuel supply cut, long queues at pumps as dealers and oil companies clash over ethanol blending norms and inspections.
BJD MP Urges Sitharaman to Bring Petrol, Diesel Under GST
Rajya Sabha MP Sasmit Patra has urged Finance Minister Nirmala Sitharaman to place the inclusion of petrol and diesel under GST before the next GST Council meeting, citing rising fuel costs and inflation.
NFCSF Proposes Dual Pricing for Sugar in New Order
NFCSF suggests dual pricing for sugar in draft Sugarcane Order 2026, aiming to stabilize household prices and improve mill revenues. Other proposals include interest rate cuts and linking prices to FRP.
EOW BUSTS TWO GST FRAUD CASES, ARRESTS EIGHT PEOPLE
The Economic Offences Wing has uncovered two separate GST fraud cases, arresting eight individuals. One case involves a Rs 128-crore fake invoicing racket, and the other involves misuse of VAT/GST credentials for Rs 28.4 crore transactions.
MP transporters seek VAT cut on fuel after price hike
With 25-30% commercial vehicles idle, MP transporters urge govt to reduce VAT on diesel and petrol after fuel prices rose by Rs 3 per litre in Indore.
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Delhi Cuts VAT on Aviation Fuel to 7%
Delhi reduces VAT on Aviation Turbine Fuel from 25% to 7%, following Maharashtra's move to cut fuel costs for airlines amid high global crude prices and disruptions.
Delhi EOW Busters Rs 128 Crore Fake GST Racket, 6 Held
Delhi Police's Economic Offences Wing busts a Rs 128 crore fake GST invoicing racket, arresting six individuals involved in generating fraudulent invoices to evade taxes.
Delhi in Exemplary Category of LEADS 2025, Logistics Plan Soon
Delhi has been placed in the exemplary category of LEADS 2025. The CM announced that the City Logistics Plan will be notified soon, boosting trade and efficiency.
PMPML's Dependence on Private Buses Sparks Safety Worries
PMPML operates only 684 owned buses versus 1,277 contractor-run ones. Frequent breakdowns, accidents, and a recent theft highlight accountability issues as the utility plans to add 1,600 buses.
Chandigarh Auto, Cab Unions Seek Fare Hike After Fuel Price Rise
Following petrol and diesel price hikes, Chandigarh auto and cab unions demand fare increases. UT administration rules out immediate hike, while industrial sector fears inflation.
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Hyderabad Man Held in ₹264.8 Crore Fake ITC Racket
DGGI arrested Dhantla Aadi Reddy for masterminding a fake ITC racket involving ₹264.8 crore through 92 fictitious firms. He was remanded to 14-day judicial custody.
Odisha Bus Fares Rise After Diesel Price Hike
Odisha government increased bus fares following a Rs 3.25 per litre diesel price hike. Ordinary and express fares rose by 2 paise per km, deluxe and AC deluxe by 4 paise, and super premium by 6 paise.
Himachal Imposes Rs 1 Per Unit Cess on Commercial Power
Himachal Pradesh government imposes additional cess of Rs 1 per unit on electricity for commercial consumers across 10 categories, including hotels, malls, private hospitals, and coaching institutes.
Haryana Power Discoms Seek Fuel Surcharge for Rs 8,200 Crore Arrears
Haryana's power utilities propose a 47 paise per unit fuel surcharge on 84 lakh consumers to recover over Rs 2,500 crore, potentially hiking bills by 10%. Hearing adjourned to June 10.
Farmer Gets Rs 2.47 Crore GST Notice for Fake Firm
A 32-year-old farmer in Tamil Nadu received a GST notice demanding Rs 2.47 crore for a business he never owned, leading to an identity theft complaint.
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Karnataka Excise Policy: Premium Drinks Cheaper, Local Liquor Costlier
Karnataka's new excise policy from May 11 shifts from bulk litre to alcohol percentage, making premium whiskey and beer cheaper while local liquor gets dearer.
Fuel Price Hike Will Lead to Further Inflation, Growth Estimates Lowered: Congress
Congress criticizes the government over rising fuel prices, warning of increased inflation and lowered growth estimates. The party demands immediate action to curb price hikes.
Petrol, Diesel, CNG Prices Hiked Up to Rs 3/Litre in India
Oil companies hiked petrol and diesel prices by around Rs 3 per litre across major cities on Friday, with CNG also seeing a Rs 2/kg increase. Check city-wise rates.
India Bans 366 Ships from Hiring Indian Seafarers
DG Shipping prohibits 366 foreign-flagged vessels from employing Indian seafarers due to grave violations including abandonment, non-payment of wages, and denial of compensation.
Prayagraj Gold Sales Drop 50% After Duty Hike, PM Appeal
Gold sales in Prayagraj have halved to Rs 5-6 crore daily after customs duty hike and PM's appeal to curb purchases, threatening job losses for 10,000 workers.
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Lighting World Home Tech Expo 2025 to Showcase Smart Lighting
The Lighting World Home Tech Expo, organized by ELCOMA and ACE Exhibitions, will highlight the future of smart lighting and home technology in India, featuring innovations and industry leaders.
Higher Gold Import Duty to Strain Middle-Class Buyers
Higher import duty on gold is expected to strain middle-class shoppers, with industry executives projecting a 10-15% dip in sales volumes in the near-term.
Karnataka Rs 2,384 Crore Fake ITC Fraud Busted, 2 Held
Karnataka GST officials bust a Rs 2,384 crore fake input tax credit fraud, arresting two key accused. The scam involved bogus firms and forged invoices.
Sanchi Increases Milk Prices by Rs 2 Per Litre in MP
Sanchi dairy raises prices of toned and gold milk by Rs 2 per litre in Madhya Pradesh from May 15, citing rising procurement costs and summer supply pressures.
Nashik Seeks 15% Annual Hike in GST Grant from State
Facing financial crunch, Nashik Municipal Corporation urges state government to raise annual GST compensation hike from 8% to 15% to meet infrastructure demands.
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Gold Duty Hike Spurs Recycling and Monetisation
With import duty on gold rising, the industry is turning to recycling and monetisation to offset demand suppression, potentially reducing annual demand by 57 tonnes.
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