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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
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
Tomorrow's GST Council meeting may be less exciting, but no less important than the last one
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
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
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
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
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
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
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
India's gross GST collections rose, driven by higher revenues from domestic transactions and imports; net collections stood at over ₹1.81trillion
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
Trade bodies urge the finance ministry to defer GSTN's e-way bill changes, citing technology upgrades, testing needs and concerns over commercial confidentiality
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
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
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
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
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
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
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.