GST: News
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.
India's retail inflation drops to decade-low of 0.25%
India's retail inflation has plunged to a decade-low of 0.25% in October, down from 1.44% in September.
Did Indians actually benefit from the recent GST cuts?
A survey by LocalCircles has found that most Indian consumers have not yet benefited from the revised Goods and Services Tax (GST) rates on essential goods.
India's manufacturing sector rebounds in October, PMI rises to 59.2
India's manufacturing sector showed signs of recovery in October, with the HSBC Manufacturing Purchasing Managers' Index (PMI) rising to 59.2 from September's 57.7.
India's GST overhaul fuels $68B shopping boom during festive season
India's recent Goods and Services Tax (GST) reform has resulted in a massive $67.6 billion shopping spree during the festive season.
Rahul says PM does yoga for votes; Adani-Ambani dance later
Congress MP Rahul Gandhi has accused Prime Minister Narendra Modi of "drama" for votes and not delivering on promises post-elections.
GST collections in FY26 likely to surpass budget estimates
The Goods and Services Tax (GST) revenue for the financial year 2026 (FY26) is expected to exceed budgeted collections, according to a report by SBI Research.
GST collections rise 4.6% to ₹1.96L crore in October
India's Goods and Services Tax (GST) collections increased by 4.6% in October, reaching ₹1.96 lakh crore.
What led to unexpected surge in India's festive season spending?
India's festive season has seen an unexpected surge in spending and consumption, much to the surprise of various industries.
India's GDP to grow faster than expected at 6.7%: Poll
The Indian economy is expected to grow at a slightly faster pace than earlier predictions, according to a Reuters poll.
Why FMCG giants in India faced sales-disruptions in September quarter
Leading fast-moving consumer goods (FMCG) companies in India have reported disruptions impacting their sales for the September quarter.
GST hike on garments hit ethnic wear sales during Diwali
The recent hike in Goods and Services Tax (GST) on ready-made garments has affected the sales of ethnic and festive wear during Diwali.
UPI records over ₹94,000 crore in daily transaction value
The Unified Payments Interface (UPI), India's real-time digital payment system, is witnessing a record-breaking October.
Festive sales to cross ₹5L crore mark this year
The Confederation of All India Traders (CAIT) has predicted that the festive season trade this year will exceed a record ₹5 lakh crore.
Why RBI might announce another rate cut by year-end
Goldman Sachs has predicted another policy rate cut before the end of this year.
You can now file GSTR-3B form till October 25
The Central Board of Indirect Taxes and Customs (CBIC) has extended the deadline for filing the GSTR-3B tax payment form by five days, till October 25.
India's retail inflation expected to ease further in October
India's retail inflation is likely to decline further in October 2025, a report by Union Bank of India has said.
India's festive season spending to surpass ₹7 trillion this year
India's festive and wedding season spending is projected to surpass ₹7 trillion in 2025, according to the government data.
Tata Motors reports 30% Dhanteras sales surge post-GST rate cuts
Tata Motors, one of India's leading automobile manufacturers, has reported a 30% year-on-year (YoY) growth in sales during this year's Dhanteras.
GST rate cuts benefiting consumers across all categories: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman has confirmed that the benefits of the recent Goods and Services Tax (GST) rate cuts are reaching consumers across all categories.
GST probe expands to online travel portals following hotel notices
The Goods and Services Tax (GST) department has expanded its investigation to include online travel portals.
Retail inflation slips to 8-year low of 1.54% in September
India's retail inflation fell to a multi-year low of 1.54% in September, down from August's two-month high of 2.07%.
How Diwali weekend is driving high travel bookings across India
The hospitality and travel sectors are witnessing a significant surge in demand this festive season, especially ahead of the long Diwali weekend.
GST collections for September jump by 9% to ₹1.89L crore
India's Goods and Services Tax (GST) collections for September stood at ₹1.89 lakh crore, a 9.1% year-on-year increase.
Amazon sees surge in electronics sales, small towns drive growth
Amazon India's ongoing Great Indian Festival has witnessed a massive surge in consumer electronics sales, with 70% of the orders coming from outside Tier-1 cities.
GST 2.0: India's GDP growth forecast raised to 6.7%
Ernst & Young (EY) has revised its projection for India's real Gross Domestic Product (GDP) growth in the fiscal year 2025-26 (FY26).
No fall in cement prices after GST 2.0 became effective
A recent industry report by Yes Securities has accused cement companies of trying to pocket the Goods and Services Tax (GST) benefits that were supposed to be passed on to consumers.
GST effect: TVS announces festive price cuts across models
TVS Motor Company has announced a major price reduction across its range as part of the "GST Benefit Bonanza" campaign.
GST reforms drive 25% rise in festive sales across India
The recent Goods and Services Tax (GST) reforms, which came into effect on September 22, have given a major boost to festive demand.
Centre monitoring GST rate cuts to ensure benefits reach consumers
The Indian government is keeping a close watch on the transmission of recent Goods and Services Tax (GST) rate cuts to consumers.
Maruti Suzuki sold 80,000 cars in 4 days post-GST cut
Maruti Suzuki, the largest carmaker in the country, has witnessed a massive surge in sales following the recent Goods and Services Tax (GST) cuts.
CAFE 3: Small cars get relief under new emission norms
The Bureau of Energy Efficiency (BEE) has proposed a draft rule that would provide some relief to manufacturers of small cars.
Cabinet approves ₹1,866cr Diwali bonus for 10.9 lakh railway employees
The Union Cabinet has approved a ₹1,866 crore as a Productivity Linked Bonus (PLB) for over 10.9 lakh railway employees.
Why GST cuts won't lower home prices anytime soon
The new Goods and Services Tax (GST) regime, which came into effect on September 22, has raised hopes of affordable housing.
GST 2.0: PVR's Blockbuster Tuesday prices go down to ₹95
PVR INOX, India's leading multiplex chain, has announced a reduction in the price of its popular Blockbuster Tuesday tickets to ₹95 (inclusive of GST), effective from Tuesday, September 23.
This is now India's cheapest car thanks to GST 2.0
Maruti Suzuki's latest price cuts, following India's GST 2.0 overhaul, have made the S-Presso the most affordable car in the country.
Maruti, Hyundai shares up 4% today: Here we decode why
Stocks of Maruti Suzuki and Hyundai Motor India surged by up to 4% today.
Mercedes India aims double-digit growth during festive season sales
Mercedes-Benz India is expecting a record-breaking festive season, with double-digit growth. The optimism comes from strong demand and attractive price cuts, as well as a buoyant luxury car market.
Nandini's dairy products are now cheaper: Check new prices
The Karnataka Milk Federation (KMF) has announced a price reduction for 'Nandini' milk products, effective from today.
These cars have become more attractive thanks to GST reforms
The Indian government has introduced a major overhaul in the Goods and Services Tax (GST) structure, dubbed GST 2.0.