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GoM Mulls Measures to Curb GST Evasion

Financial Express Pune

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July 05, 2025

AHEAD OF THE upcoming GST Council meeting, the Group of Ministers (GoM) on GST Revenue Analysis—chaired by Goa chief minister Pramod Sawant—met on Friday to deliberate on sector-specific tax leakages and potential corrective measures to address GST evasion estimated at over ₹2 lakh crore.

- FE BUREAU

Key issues discussed included a comparative analysis of revenue trends before and after the introduction of GST, identification of sector-specific leakages, assessment of compliance enforcement tools, progress in e-invoicing adoption, IT system upgrades for better traceability, and state-wise policy suggestions to boost revenue. Improved coordination between Central and State tax administrations was also emphasized.

Financial Express Pune'den DAHA FAZLA HİKAYE

Financial Express Pune

How winter pushes every car to its limits

BE IT ICE CARS OR EVS, THE SEASON CAN BE TOUGH

time to read

2 mins

December 20, 2025

Financial Express Pune

'Capacity limit costs Mumbai the hub race'

Adani Airport Holdings (AAHL) has laid down the expansion plans for its airport business, but for Jeet Adani, director airports, the larger strategic context is Mumbai's missed opportunity to become India's primary global aviation hub.

time to read

2 mins

December 20, 2025

Financial Express Pune

Crude import bill declines 11%

BARREL BENEFIT

time to read

1 min

December 20, 2025

Financial Express Pune

China to allow export of rare earths for civilian use

CHINA ON FRIDAY said it will approve export of its rare-earth metals for civilian use, amid India's persistent calls for Beijing to lift curbs and resume the export of precious metals needed to manufacture a host of modern products.

time to read

1 min

December 20, 2025

Financial Express Pune

Delhi govt schools choke, private ones turn to air filters

IN THE NURSERY section of an elite South Delhi school this week, the head of Junior School conferred urgently with a class teacher whose students had left the room for a few minutes at the change of periods.

time to read

2 mins

December 20, 2025

Financial Express Pune

Yen weakens across board after BOJ delivers rate hike

CENTRAL BANK SAYS IT WILL KEEP RAISING RATES IF FORECASTS MATERIALISE

time to read

1 min

December 20, 2025

Financial Express Pune

Funds for rural roads scheme see gross underutilisation

STATES’ SPENDING CAPACITY LIMITED

time to read

2 mins

December 20, 2025

Financial Express Pune

Real interest rates need to be lower: RBI guv

RESERVE BANK OF India (RBI) Governor Sanjay Malhotra believes real interest ratesboth headline and core-need to be lower, given the benign inflation outlook, minutes of the Monetary Policy Committee (MPC) meeting released on Friday showed.

time to read

1 min

December 20, 2025

Financial Express Pune

Europe agrees to lend 90 bn euros to Ukraine

UKRAINE THANKED THE EU for deciding to provide it with 90 billion euros ($105.46 billion) of support over the next two years-even if the bloc failed to agree on an ambitious plan to finance it using frozen Russian assets.

time to read

1 min

December 20, 2025

Financial Express Pune

TikTok signs deals with investors to avoid US ban

TIKTOK'S CHINESE OWNER, ByteDance, on Thursday signed binding agreements to hand control of the short video app's US operations to a group of investors, including Oracle, in a big step toward avoiding a US ban and ending years of uncertainty.

time to read

1 min

December 20, 2025

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