GST: News
Why ATF will not come under GST anytime soon
Aviation turbine fuel (ATF) is unlikely to come under the Goods and Services Tax (GST) regime anytime soon.
GST officers can no longer arrest taxpayers
The Goods and Services Tax (GST) Council has decided to revoke the arrest powers of GST officers. The decision was taken during a meeting on Thursday.
GST process reforms to be implemented from April 2027: FM
Union Finance Minister Nirmala Sitharaman has announced that all process reforms approved by the Goods and Services Tax (GST) Council on October 8 will come into effect from April 1, 2027.
GST Council limits rate changes to once a year
The Goods and Services Tax (GST) Council will now consider tax rate changes only once a year, Finance Minister Nirmala Sitharaman announced on Thursday.
GST Council approves reforms for registration, returns, refunds, and enforcement
The 57th Goods and Services Tax (GST) Council has approved a series of process reforms aimed at simplifying registration, returns, refunds, and enforcement.
Storage, warehousing of seeds might soon be exempt from GST
The Goods and Services Tax (GST) Council is likely to exempt storage and warehousing of sowing seeds from GST in its next meeting on October 8, as per Moneycontrol.
India's GST collections cross ₹2 lakh crore in September
India's gross Goods and Services Tax (GST) collection for September stood at ₹2,03,521 crore, a year-on-year increase of 14.7%.
UPI charges: Will 18% GST on MDR fee stay?
The Indian government has confirmed that it will not extend the October 15 deadline for implementing Merchant Discount Rate (MDR) on certain Unified Payments Interface (UPI) transactions.
Why India's auto industry is optimistic this festive season
This festive season, India's automotive industry is gearing up for a surge in demand.
India's GST Council meeting postponed. Reason? BRICS Summit
The 57th Goods and Services Tax (GST) Council meeting has been rescheduled from September 12 to October 7.
GST collection in August up 14.8% YoY to ₹2L crore
India's Goods and Services Tax (GST) collection for August 2026 witnessed a remarkable growth of 14.8% year-on-year, reaching ₹1,99,853 crore.
Nifty 50 firms post 10-quarter high profit growth
India's Nifty 50 companies have reported an impressive average profit growth of 18% in the June quarter, a 10-quarter high.
Can India be a $20T economy by 2036?
India has the potential to become a $20 trillion economy by 2036, according to a report by Equirus.
GST cuts drive record auto sales in India
India's automotive industry witnessed a historic surge in vehicle registrations last month, with the number hitting an all-time high of 2.59 million units. This marks a whopping 26% increase year-on-year (YoY).
Why India's top cigarette makers are seeing revenue, profit decline
India's top cigarette manufacturers, including ITC, Godfrey Phillips India, and VST Industries, have reported a drop in their net revenue and profitability for the April-June quarter.
India's GST collections hit 14-month high, touch ₹2.1L crore
India's Goods and Services Tax (GST) collections have hit a 14-month high, crossing the ₹2 lakh crore mark for the second time in the current fiscal year.
Maruti Suzuki Brezza facelift launching this week: What to expect
Maruti Suzuki will launch the facelifted version of its popular compact SUV, the Brezza, in India on July 24.
Online gaming firms move SC to review 28% GST ruling
A group of online gaming companies has petitioned the Supreme Court, seeking a review of its May 27 judgment.
GST collections in June jump 13.9% YoY to ₹1.95L crore
India's Goods and Services Tax (GST) collections witnessed a significant jump of 13.9% year-on-year in June, reaching ₹1.95 lakh crore.
New rules introduced for taxpayers shifting business locations
The Central Board of Indirect Taxes and Customs (CBIC) has announced a new procedure for taxpayers shifting their principal place of business.
India to remain fastest-growing major economy in FY27: World Bank
India is set to remain the world's fastest-growing major economy, with a growth rate of 6.6% in the fiscal year 2026-27, a sharp decline from last year's 7.7%, according to a World Bank report.
Modi government turns 12: A look at major tax reforms
As Prime Minister Narendra Modi completes 12 years in office, several changes have been made to India's taxation laws and systems.
GST collections up 3.2% YoY to ₹1.94L crore in May
India's Goods and Services Tax (GST) collections rose by 3.2% year-on-year to ₹1.94 lakh crore in May 2026, official data released today has showed.
SC upholds retrospective 28% GST on online gaming in India
The Supreme Court has upheld the Indian government's decision to impose a retrospective Goods and Services Tax (GST) of 28% on online gaming companies.
Telangana CM promises to release ₹6000cr pending retirement benefits
Telangana Chief Minister A Revanth Reddy has announced plans to clear ₹6,000 crore in pending retirement benefits for state government employees within 100 days.
India's GST revenue hits an all-time high of ₹2.43 trillion
India has registered a record ₹2.43 trillion in Goods and Services Tax (GST) revenue for April 2026, according to data released by the Finance Ministry.
US flags India's UPI as trade barrier
The US has flagged India's Unified Payments Interface (UPI) and data localization rules as trade barriers.
GST collections surge 8.8% YoY to ₹2L crore in March
India's Goods and Services Tax (GST) collections hit a high of ₹2 lakh crore in March, an 8.8% increase from the same period last year.
Zomato raises platform fee by 20% amid rising fuel costs
Zomato, the food delivery service owned by Eternal Ltd, has increased its platform fee from ₹12.5 to ₹14.9 per order.
Why RBI has injected ₹50,000cr in India's banking system
The Reserve Bank of India (RBI) has injected ₹50,000 crore into the banking system.
India's auto sales surge for 5th month on GST boost
India's automobile industry has witnessed a major spike in sales for the month of February.
Fino Payments Bank shares tank 14% after CEO's arrest
Shares of Indian fintech company Fino Payments Bank plummeted by as much as 14.1% on Monday.
GST collection jumps 8.1% YoY to ₹1.8L crore
India's Goods and Services Tax (GST) collection witnessed a major jump of 8.1% year-on-year (YoY), amounting to ₹1.83 lakh crore in February 2026.
GST scam case: Bombay HC grants protection to Sunil Biyani
Sunil Biyani, the Non-Executive Director of Future Group, has been granted protection from arrest by the Bombay High Court.
IndiGo slapped with ₹1.27cr penalty over GST input tax credit
IndiGo has been slapped with a penalty of over ₹1.27 crore related to Goods and Services Tax (GST) input tax credit.
India set to be Asia's fastest-growing major economy in 2026
India is projected to be Asia's fastest-growing major economy in 2026, according to a recent report by Fitch Ratings.
Barbeque Nation can't charge service fee at its restaurants anymore
The Central Consumer Protection Authority (CCPA) has directed Barbeque Nation Hospitality Ltd to stop charging a service fee at its restaurants.
Maruti Suzuki weighs price hike amid rising input costs
Maruti Suzuki, India's largest carmaker, is considering a price hike for its vehicles.
Budget 2026: 20-year tax holiday to draw data center investments
In a major move to make India a global digital hub, Finance Minister Nirmala Sitharaman has announced a proposed 20-year tax holiday for foreign companies setting up data centers and cloud computing infrastructure in the country.
Sitharaman's core team: The 7 architects of Budget 2026
As Finance Minister Nirmala Sitharaman gears up to present the Union Budget for FY2026-27, all eyes are on the key announcements. These include fiscal deficit targets, tax proposals, and spending priorities.
GST collections rise 6.2% to ₹1.9L crore in January
India's Goods and Services Tax (GST) collections for January stood at ₹1,93,384 crore, which marks a 6.2% increase over the same month last year.
New taxes on cigarettes, pan masala to kick in tomorrow
Starting February 1, a new tax regime will be imposed on cigarettes and pan masala.
Budget 2026: Real estate sector seeks industry status, single-window clearances
Ahead of the Union Budget, India's real estate sector is pushing for a number of reforms.
Budget 2026: Telecom industry seeks license fee cut, GST relief
India's leading telecom operators have called for major fiscal relief in the upcoming Union Budget for 2026-27.
GST cut pushes Indians toward bigger screen TVs
The recent reduction in Goods and Services Tax (GST) on large-screen televisions has led to a major shift in consumer preferences.
Budget 2026: Agri industry urges sustainable policies, food security focus
As the Union Budget approaches, industry leaders from agriculture, nutrition and fertilizer sectors are calling for policy measures that prioritize sustainability and long-term food security.
MSMEs want Union Budget 2026 to boost GST reforms
Micro, small and medium enterprises (MSMEs) in India are hoping that the upcoming Union Budget 2026 will strengthen GST reforms.
Budget 2026: Fertilizer industry urges duty cuts and GST relief
The Fertiliser Association of India (FAI) has proposed reforms in the Union Budget for 2026-27.
CII's Business Confidence Index hits 5-quarter high: What's the reason?
The Confederation of Indian Industry (CII) has reported a significant rise in its Business Confidence Index (BCI), which has hit a five-quarter high of 66.5 in Q3 FY26.
Budget 2026: Tata Motors advocates for incentives on entry-level EVs
Ahead of the Union Budget 2026, Tata Motors has urged the government to consider fiscal support for entry-level electric vehicles (EVs).
Budget 2026: Auto industry seeks export boost, road infra push
The Indian automotive industry is calling for enhanced support for exports and continued investment in road infrastructure in the upcoming Union Budget.
Will Budget 2026 make new income tax regime even better?
As the Budget 2026 nears, salaried and middle-class taxpayers are eagerly waiting for Finance Minister Nirmala Sitharaman's announcement on February 1.
Life insurance premiums jump 40% in December after GST relief
India's life insurance sector witnessed its best monthly performance of the fiscal year in December, with a nearly 40% year-on-year growth in new business premiums (NBP).
FMCG sector shows signs of recovery in Q3: Here's why
The Fast-Moving Consumer Goods (FMCG) sector is witnessing a strong recovery in the December quarter, driven by GST reforms, robust festive demand, and declining raw material prices.
Will Maruti Suzuki increase small car prices in India?
Maruti Suzuki is contemplating a price hike for its small cars in India, according to The Economic Times.
India's GST collections in December rise 6% to ₹1.74 trillion
India's Goods and Services Tax (GST) collections for December 2025 have witnessed a year-on-year growth of 6.1%, amounting to ₹1.74 trillion.
Cigarettes to get costlier as India imposes new excise duty
The Indian government has announced an excise duty on cigarettes, effective February 1.
GST, income tax, labor laws: India's biggest reforms in 2025
The National Democratic Alliance (NDA) government, led by Prime Minister Narendra Modi, has introduced a series of major reforms in 2025. These changes are aimed at strengthening the Indian economy amid global uncertainties.
You should complete these important tax tasks before December 31
As the year-end approaches, taxpayers and businesses need to be aware of three important financial deadlines on December 31.
Opens Pandora's box: Centre opposes GST cut on air purifiers
The Centre on Friday opposed a Public Interest Litigation (PIL) in the Delhi High Court seeking a reduction in the Goods and Services Tax (GST) on air purifiers amid the rising air pollution in the national capital.
Vodafone Idea hit with ₹83cr GST penalty, plans legal action
Vodafone Idea has been slapped with two separate GST penalty orders from tax authorities in Mumbai and Bengaluru. The total financial exposure from these penalties amounts to over ₹83 crore.
RBI to inject ₹2 trillion into banking system: Here's why
The Reserve Bank of India (RBI) has announced plans to inject ₹2 lakh crore ($32 billion) into the country's banking system.
India's auto industry poised for 6-8% growth in 2026
India's automobile sector is gearing up for a strong start in 2026, with sales projected to grow by 6-8%.
UltraTech Cement slapped with ₹800cr tax notice
India's largest cement maker, UltraTech Cement, has been slapped with a Goods and Services Tax (GST) demand notice of around ₹782.2 crore.
SEBI introduces new rules for mutual funds, stock brokers
The Securities and Exchange Board of India (SEBI) has approved a major overhaul of regulations governing mutual funds and stock brokers.
Did GST cuts boost demand? Here's what experts say
India's retail inflation plummeted to a record low of 0.25% in October and 0.71% in November, largely due to a sharp decline in food prices.
India's retail inflation predicted to average 2.5% in FY26: Crisil
Crisil, a leading rating agency, has projected that India's retail inflation will average around 2.5% in the fiscal year 2025-26.
India's general insurance sector sees 24% growth after GST exemption
India's general insurance sector witnessed a remarkable growth of 24.1% year-on-year (YoY) in November.
India proposes new cess structure on pan masala, tobacco products
The Indian government has proposed two major tax reform bills to revamp indirect taxes on tobacco products and pan masala.
Parliament Winter Session: Government to impose new levies on tobacco
The government will introduce two bills in the Lok Sabha on Monday to replace the existing Goods and Services Tax (GST) compensation cess on tobacco products and pan masala, news agency PTI reported.
CRISIL raises India's GDP growth forecast to 7%: Here's why
Ratings agency CRISIL has revised its projection for India's GDP growth upward, from 6.5% to a robust 7%, for the current fiscal year.
Vivek Chaturvedi to lead India's top body for indirect taxes
Senior Indian Revenue Service (IRS) officer Vivek Chaturvedi has been appointed as the new Chairman of the Central Board of Indirect Taxes and Customs (CBIC).
Reliance Industries slapped with ₹56cr penalty, plans to appeal
Reliance Industries Limited (RIL) has been slapped with a penalty of ₹56.44 crore by the Central Goods and Services Tax (CGST) department in Ahmedabad.
India's wholesale price inflation dips 1.21% in October
India's wholesale price inflation (WPI) has dipped to -1.21% in October, according to government data released on Friday.