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What is Goods and Services Tax

Goods and Services Tax

About Goods and Services Tax

What is Goods and Services Tax

The Goods and Services Tax (GST) is a uniform indirect tax levied on goods and services across the country. GST, as an umbrella tax, replaced central taxes like central excise, service tax, additional duties of excise & customs, special additional duty of customs, besides cesses and surcharges, on supply of goods and services.
 
Central GST and State GST
 
CGST is levied on intrastate supplies by the central government and SGST is levied on intrastate supplies by respective state governments. 
 
Integrated GST
 
IGST is levied on interstate supplies by the Centre (equal to CGST + SGST combined on supplies made within the state).
 
Any supply of
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Latest Updates on Goods and Services Tax

Little-known stops on the road to GST

Indirect-tax reform is still a work in progress, but from no tax on services to GST, India has come a long way since 1976

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Updated On : 07 Oct 2026 | 10:26 PM IST

GST Council meet: Industry seeks smoother refunds and fewer notices

As the GST Council prepares to meet, businesses want the next phase of reform to focus on getting stuck credit moving, reducing repeated scrutiny and making compliance simpler

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Updated On : 07 Oct 2026 | 2:38 PM IST

Giving a push to process reforms

Tomorrow's GST Council meeting may be less exciting, but no less important than the last one

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Updated On : 06 Oct 2026 | 10:11 PM IST

Reforms on the cards: GST Council likely to shun mid-year rate changes

Officials expect the rate structure to be reviewed only once a year henceforth, and any changes will take effect from April 1, not in the middle of the financial year

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Updated On : 06 Oct 2026 | 12:08 AM IST

Next-Gen GST and India's next phase of growth

Next-Gen GST aims to simplify compliance, support businesses and strengthen revenues as India seeks to build a more resilient economy and achieve Viksit Bharat

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Updated On : 05 Oct 2026 | 12:05 AM IST

Gross GST collections rise 14.7% to over ₹2.03 trillion in September

Domestic GST revenue rose 10.1 per cent, while collections from imports jumped 26 per cent; net GST collections increased 18.1 per cent after refunds

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Updated On : 01 Oct 2026 | 12:02 PM IST

GSTAT filings cross 75,000, but only 83 cases disposed of so far

Of the 75,155 cases filed before GSTAT, 5,819 have been registered and 83 disposed of, while the tribunal had earlier expected filings of up to 250,000

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Updated On : 23 Aug 2026 | 10:46 PM IST

Gujarat High Court bars retrospective GST on corporate guarantees

Gujarat High Court has barred GST on corporate guarantees issued before October 26, 2023, while retaining the 1% valuation mechanism for guarantees continuing beyond that date

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Updated On : 14 Aug 2026 | 9:41 PM IST

E-way bill generation rises 5.98% to second-highest level in July 2026

E-way bill generation rose to 139.79 million in July from 131.91 million a year earlier, indicating sustained movement of goods and resilience in domestic trade

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Updated On : 10 Aug 2026 | 10:33 PM IST

Gross GST collections rise 15% in July, led by strong import revenues

Gross GST collections climbed to ₹2.11 trillion in July as import-related revenue surged nearly 29 per cent, while domestic collections maintained healthy growth

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Updated On : 01 Aug 2026 | 1:00 PM IST

Gross GST collection kitty swells 15.4% to over ₹2.11 trillion in July

India's gross GST collections rose, driven by higher revenues from domestic transactions and imports; net collections stood at over ₹1.81trillion

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Updated On : 01 Aug 2026 | 11:58 AM IST

GST ITC fraud detections jump to ₹74,782 cr in FY26; cases more than double

Central tax authorities detected ITC fraud worth Rs 74,781.56 crore across 30,162 cases in FY26 as analytics, biometric checks and enforcement measures strengthened detection

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Updated On : 28 Jul 2026 | 7:30 PM IST

Industry seeks 3-month extension for GST e-way bill changes from August 1

Trade bodies urge the finance ministry to defer GSTN's e-way bill changes, citing technology upgrades, testing needs and concerns over commercial confidentiality

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Updated On : 28 Jul 2026 | 5:02 PM IST

9 months on, GST next-gen reforms: Lower rates, larger base, higher revenue

The authors argue GST rate rationalisation has broadened the tax base, improved compliance and refunds, and boosted consumption, though its full impact will take longer to assess

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Updated On : 24 Jul 2026 | 1:30 AM IST

Online gaming firms seek Supreme Court review of 28% GST judgment

Gaming companies have moved the Supreme Court to review its ruling upholding the 28 per cent GST levy and retrospective tax demands of more than Rs 1.5 lakh crore

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Updated On : 14 Jul 2026 | 10:45 PM IST

GST at 9: Why easier return filing has not meant simpler compliance

Automation has transformed GST compliance, but businesses say the challenge has shifted from filing returns to managing reconciliations, vendor compliance, portal changes, and system-generated notices

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Updated On : 01 Jul 2026 | 8:36 AM IST

GST's credit challenge: Why input tax credit remains the biggest challenge

As GST completes nine years, input tax credit remains a major challenge for businesses as supplier defaults, invoice mismatches and compliance rules delay credit and lock up working capital

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Updated On : 01 Jul 2026 | 8:10 AM IST

Nine years of GST: Experts call for litigation and compliance reforms

As GST completes nine years, the Centre highlights stronger revenues and wider tax coverage, while experts seek reforms to reduce litigation, simplify compliance and ease working capital pressures

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Updated On : 30 Jun 2026 | 8:25 PM IST

Datanomics: GST turns 9, collections see slower growth in recent years

GST enters its 10th year with slab reforms underway, but key sectors remain outside the tax net as revenue growth and tax-GDP gains trail expectations

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Updated On : 29 Jun 2026 | 10:51 PM IST

GST enters 10th year: Inside the process behind every GST rate change

Industry associations, companies, state governments, central ministries, tax authorities and even judicial rulings can trigger a review of an existing GST rate or product classification.

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Updated On : 29 Jun 2026 | 3:51 PM IST