According to experts, if the manufacturers of goods coming under the track and trace mechanism do not adopt it, then a fine of at least one lakh rupees may have to be paid. Changes in GST rules ...

The GST Council will track cigarettes and pan masala to stop tax evasion. A unique code will be placed on products. This will help the government follow the products. The government loses lots of ...

With the notification of the Finance Act 2025, the government has gained enabling power to introduce a Track & Trace mechanism to curb GST evasion during the new fiscal year beginning on Tuesday.

In its report presented to Parliament on Wednesday, the Committee also underlined the need for a dedicated fast-track refund processing system for exporters, ensuring that input tax credit (ITC) ...