Page 2 - Latest Updates on Goods and Services Tax
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
 "Datanomics: GST turns 9, collections see slower growth in recent years")
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.
 "GST enters 10th year: Inside the process behind every GST rate change")
GST at 10: Govt bets on AI and data integration to ease compliance
With GST implementation largely stabilised, the government is leveraging artificial intelligence, data integration and process simplification to reduce compliance costs, speed up refunds
 "GST at 10: Govt bets on AI and data integration to ease compliance")
Businesses seek uniform GST audits, fewer tax disputes: Deloitte survey
Nine years after GST's rollout, businesses largely back the tax regime but seek more uniform audits, faster refunds and simpler compliance rules
 "Businesses seek uniform GST audits, fewer tax disputes: Deloitte survey")
India Inc gives thumbs up to GST; seeks faster refunds: Deloitte Survey
Deloitte India's GST@9 survey called for the next phase of reform to move beyond digitalisation to an AI-driven compliance and data-led dispute reduction
 "India Inc gives thumbs up to GST; seeks faster refunds: Deloitte Survey")
RMG execs fear liquidation of personal assets amid steep GST demands
Executives at real money gaming firms fear retrospective GST liabilities and penalties could force liquidation of personal assets amid mounting financial stress
 "RMG execs fear liquidation of personal assets amid steep GST demands")
FinMin, states in talks for simpler GST norms for qcom dark stores
The Finance Ministry is discussing with states possible simplification of GST registration norms for dark stores and warehouses amid rapid quick commerce expansion
 "FinMin, states in talks for simpler GST norms for qcom dark stores")
ULIPs retain dominance in private insurers' product mix despite policy push
This is despite sharper push towards protection products after GST relief
 "ULIPs retain dominance in private insurers' product mix despite policy push")
GSTAT braces for rush in appeals ahead of June 30 filing deadline
Finance Ministry officials expect a surge in GSTAT appeal filings before the June 30 deadline as taxpayers defer cases over pre-deposit concerns
 "GSTAT braces for rush in appeals ahead of June 30 filing deadline")
Impact of GST rate cuts appears to be more nuanced than widespread
GST rate cuts may not immediately boost demand; study by National Institute of Public Finance and Policy shows delayed, nuanced impact on consumption and income
 "Impact of GST rate cuts appears to be more nuanced than widespread")
Everyone loves a good GST: Politicians understand the flaws in system
India's GST needs urgent reform as structural flaws-multiple rates, exemptions, and broken credit chains-continue to hurt growth, investment, and exports
 "Everyone loves a good GST: Politicians understand the flaws in system")
E-way bill system reform to ease logistics, push trust-based compliance
Economic Survey 2025-26 outlines a shift in the GST e-way bill system from enforcement to a trust-based, technology-driven framework aimed at improving logistics efficiency and easing compliance
HC quashes ₹1 cr cash seizure by GST officers, says law does not permit it
Bombay High Court quashes ₹1 crore cash seizure by GST officers, holding that the CGST Act allows seizure of goods and documents but does not authorise authorities to seize cash
 "HC quashes ₹1 cr cash seizure by GST officers, says law does not permit it")
E-way bill generation rose 18.8% in February to third-highest tally
An e-way bill is an electronically generated document mandated under the GST regime for the movement of goods valued at more than Rs 50,000
 "E-way bill generation rose 18.8% in February to third-highest tally")
Healthcare's pricing opacity demands regulation: Star Health MD & CEO
Star Health sees 50% surge in demand after GST waiver on health policies as it targets ₹30,000 crore premium by FY28 and calls for a healthcare regulator
 "Healthcare's pricing opacity demands regulation: Star Health MD & CEO")
Eway bill generation rises 43% in January, the second-highest ever
E-way bill generation rose to 136.83 million in January, the second-highest monthly level on record, marking a 42.6 per cent year-on-year increase amid stronger goods movement
 "Eway bill generation rises 43% in January, the second-highest ever")
Customs revenue growth target modest, achievable in FY27: CBIC chief
The FY'27 tax revenue targets are realistic and achievable, the CBIC chief added
 "Customs revenue growth target modest, achievable in FY27: CBIC chief")
Gross GST collection rises 6.2% to over ₹1.93 trillion in January
Cess collection from tobacco products in January stood at ₹5,768 crore, sharply lower than ₹13,009 crore a year earlier, when a cess also applied to luxury, sin and demerit goods such as cars
 "Gross GST collection rises 6.2% to over ₹1.93 trillion in January")
Economic Survey bats for trust-based e-Way Bill system to ease logistics
The survey proposes policy designs relying on trust-based models, such as a "trusted dealer" framework, where taxpayers with strong compliance records face minimal physical checks
Duty hikes to dent cigarette volumes by 6-8% in FY27: Crisil Ratings
Crisil expects India's cigarette volumes to fall 6-8% next fiscal as higher excise duty and GST from February squeeze demand, especially in the mass segment
 "Duty hikes to dent cigarette volumes by 6-8% in FY27: Crisil Ratings")