Page 3 - Latest Updates on Goods and Services Tax
GSTAT eases appeal scrutiny norms in initial phase to help taxpayers
In a relief for taxpayers, the GST Appellate Tribunal has asked registries to take a lenient view on procedural defects in appeals during the initial six months
 "GSTAT eases appeal scrutiny norms in initial phase to help taxpayers")
India's new quarterly GDP estimates to include GST, e-Vahan data
India's revamped quarterly GDP series will use GST, e-Vahan and gas consumption data, adopting IMF-recommended methods to improve accuracy and reduce volatility
 "India's new quarterly GDP estimates to include GST, e-Vahan data")
EPFO may employ third-party agents to resolve member grievances, queries
EPFO may empanel 'Suvidha Providers' to help members resolve grievances for a small fee, with the proposal set for approval at the CBT meeting in February
 "EPFO may employ third-party agents to resolve member grievances, queries")
Budget: Oil & gas sector seeks GST relief, LPG under-recovery compensation
The upstream sector wants a reduction in cess on crude oil, restoration of tax holidays for new blocks and exemption of exploration activities from GST
 "Budget: Oil & gas sector seeks GST relief, LPG under-recovery compensation")
E-way bill generation hits fresh high in December on strong goods movement
December saw the highest-ever e-way bill generation, signalling strong goods movement, improved consumption, and the impact of GST 2.0 rate rationalisation
 "E-way bill generation hits fresh high in December on strong goods movement")
Rural India pulled ahead of cities in 2025 car sales growth: Fada
Auto sector saw record annual retail volume at 2.82 mn units
 "Rural India pulled ahead of cities in 2025 car sales growth: Fada")
Q3 sales recovery, easing costs to drive gains for Godrej Consumer Products
Emkay Research points out that GST cuts have boosted consumer sentiment, and growth benefits are likely to be visible going ahead
 "Q3 sales recovery, easing costs to drive gains for Godrej Consumer Products")
Centre projects ₹47,000 cr net revenue loss from GST rate rationalisation
The Centre projected a net revenue loss of about ₹47,000 crore due to GST rate rationalisation, even as higher taxation on select goods was expected to partly offset the impact
 "Centre projects ₹47,000 cr net revenue loss from GST rate rationalisation")
RBI doubles 10-day VRR amount to ₹1.5 trn due to expected tax outflows
Market participants said the decision to double the VRR amount was due to outflows due to advance tax and goods and services tax (GST) collections, expected to be Rs 2 trillion
 "RBI doubles 10-day VRR amount to ₹1.5 trn due to expected tax outflows")
GST cuts: Insurers still negotiating commission revisions with distributors
Life insurers have formed committee to discuss the capping of distributor commission
 "GST cuts: Insurers still negotiating commission revisions with distributors")
GSTAT state benches may miss December rollout as staffing, infra lag
The rollout of GST appellate tribunal benches is likely to miss the December deadline as staffing gaps and infrastructure delays stall operations, leaving lakhs of tax disputes unresolved
 "GSTAT state benches may miss December rollout as staffing, infra lag")
Parliament clears Manipur GST Amendment Bill; FM explains key reforms
Parliament clears the Manipur GST amendment, aligning the state with national GST reforms, including track-and-trace, simplified voucher rules, clarified definitions and uniform appeal procedures
 "Parliament clears Manipur GST Amendment Bill; FM explains key reforms")
US tariffs weigh as manufacturing PMI slows to 9-month low in November
The headline HSBC purchasing managers index (PMI) figure, compiled by S&P Global, for November fell sharply to 56.6 from 59.2 in October
 "US tariffs weigh as manufacturing PMI slows to 9-month low in November")
Tax turbulence: Revenues take a hit in first full month of GST 2.0
Other macro indicators give mixed signals; car sales stay strong
Bills to replace GST compensation cess may be tabled in Lok Sabha on Monday
Demerit goods to face a new levy to finance national security and public health
 "Bills to replace GST compensation cess may be tabled in Lok Sabha on Monday")
Bills to replace GST compensation cess on tobacco, pan masala likely in LS
The Central Excise Amendment Bill, 2025, and The Health Security se National Security Cess Bill, 2025, are listed for introduction on Monday by Finance Minister Nirmala Sitharaman
 "Bills to replace GST compensation cess on tobacco, pan masala likely in LS")
GST rate cuts boost consumption, India set for steady growth: FinMin report
Retail inflation has reached an all-time low in the current series, dropping to 0.25 per cent in October 2025, down from 1.44 per cent in September 2025
 "GST rate cuts boost consumption, India set for steady growth: FinMin report")
Bima Sugam will make insurance inclusive, affordable, transparent: Experts
Leaders called Bima Sugam a tool for transparency, affordability and inclusion
 "Bima Sugam will make insurance inclusive, affordable, transparent: Experts")
FMCG sales see slow growth to 5.4% in Q2 amid GST rejig: NielsenIQ
The rural market also slowed down from 8.4 per cent to 7.7 per cent year-on-year, but continued to outpace the pace of sales in urban areas for the seventh consecutive quarter
 "FMCG sales see slow growth to 5.4% in Q2 amid GST rejig: NielsenIQ")
GST transition sparks short-term FMCG demand dip in Sep quarter: Report
FMCG volumes eased to 5.4% in Q2 as GST transition caused a brief slowdown, though rural markets continued to outpace urban areas and overall sector growth stayed strong at 12.9%
 "GST transition sparks short-term FMCG demand dip in Sep quarter: Report")