 "What is Indirect Tax")
Indirect Tax
What is Indirect Tax
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Latest Updates on Indirect Tax
GST Council unveils major reforms, eases penalties and speeds up refunds
Measures ease compliance through simpler registrations, quicker refunds, wider tax credit access and relief on penalties and enforcement
 "GST Council unveils major reforms, eases penalties and speeds up refunds")
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
 "Little-known stops on the road to GST")
GST Council to take up far reaching compliance reforms at Thursday meeting
The GST Council is expected to consider simpler compliance, faster refunds and changes to prosecution and arrest rules, with no major rate changes likely at the meeting
 "GST Council to take up far reaching compliance reforms at Thursday meeting")
Maruti urges govt to launch amnesty scheme for past indirect tax disputes
CFO Arnab Roy calls for an "as-is" settlement mechanism or amnesty option to clear the historical litigation backlog and unlock trapped capital
 "Maruti urges govt to launch amnesty scheme for past indirect tax disputes")
Govt exceeds FY26 indirect tax collection estimates of ₹15.52 trillion
However, the collection from health and national security cess, which is levied on pan masala manufacturing has missed the target
 "Govt exceeds FY26 indirect tax collection estimates of ₹15.52 trillion")
Gross GST growth in FY26 least since Covid-hit 2020-21, net up 7.1%
Net GST collections rose 8.2 per cent year-on-year to ₹1.78 trillion in March, supported by strong import growth, steady compliance, and rising domestic consumption trends
 "Gross GST growth in FY26 least since Covid-hit 2020-21, net up 7.1%")
EMI scheme for deferred customs duty payment to be implemented from April 1
The deferred payment facility will be available to Eligible Manufacturer Importers (EMIs) meeting prescribed criteria related to Customs and GST compliance, turnover, and financial standing
 "EMI scheme for deferred customs duty payment to be implemented from April 1")
Indirect Taxes: Growth engine for India charged up for an uncertain world
The Budget meets industry expectations by simplifying tariff structures, boosting domestic manufacturing through duty corrections, and leveraging AI to automate trade processes for high-growth economy
Union Budget 2026-27: Only a piecemeal boost for manufacturing growth
Budget 2026 advances trust-based Customs reforms and sector-specific relief, but stops short of a clear tariff-cut roadmap needed to boost MSME-led manufacturing growth
 "Union Budget 2026-27: Only a piecemeal boost for manufacturing growth")
Delhi HC quashes CAT contempt orders against revenue secy, CBIC chairman
The case arose from service-related claims of Hari Narayan Meena, an Indian Revenue Service officer of the 2004 batch
 "Delhi HC quashes CAT contempt orders against revenue secy, CBIC chairman")
Amnesty scheme on anvil to ease Customs cases backlog, clear disputes
Gold, wilful default, narcotics and smuggling cases to be kept out
 "Amnesty scheme on anvil to ease Customs cases backlog, clear disputes")
CBIC notifies changes in annual GSTR-9 form, makes ITC reporting detailed
The Central Board of Indirect Taxes and Customs (CBIC) on September 17 notified changes to the Central GST (CGST) rules, which will come into effect on September 22
 "CBIC notifies changes in annual GSTR-9 form, makes ITC reporting detailed")
CBIC clarifies GST on post-sale discounts, no ITC reversal for buyers
The circular also stated that post-sale discounts given by manufacturers to dealers would not be treated as consideration for services
 "CBIC clarifies GST on post-sale discounts, no ITC reversal for buyers")
Need proactive outreach for easy transition to new GST rates: CBIC chief
The GST Council, in its meeting last week, has approved to make Goods and Services Tax (GST) a two-tier structure of 5 and 18 per cent, with special rate of 40 per cent on tobacco and related products
 "Need proactive outreach for easy transition to new GST rates: CBIC chief")
CBIC to address industry complaints of non-reduction in prices: Chairman
CBIC chief said the industry has, in the past, also reduced prices of goods as and when the GST Council has taken a decision to reduce taxes
 "CBIC to address industry complaints of non-reduction in prices: Chairman")
India's tax reform needs more economic focus, less political manoeuvring
Over eight years later, GST has fallen short of expectations, prompting the government to appoint Home Minister Amit Shah to lead negotiations for its reform
 "India's tax reform needs more economic focus, less political manoeuvring")
Tax arrears worth ₹54.53 trillion pending as on June 30: Govt tells RS
Of the total indirect tax arrears, over ₹2.66 trillion pertain to those where pending taxes in individual cases is above ₹10 crore as of June 2025
 "Tax arrears worth ₹54.53 trillion pending as on June 30: Govt tells RS")
Direct tax disputes soar 198% amid rising vacancies in revenue dept
In indirect taxes, the number of cases went up from 1.13 lakh to 1.26 lakh, and the value involved more than doubled to ₹7.4 trillion during the same period
 "Direct tax disputes soar 198% amid rising vacancies in revenue dept")
Gross GST collections double in 5 years to record Rs 22.08 trillion in FY25
The average monthly collection stood at Rs 1.84 trillion in FY25, up from Rs 1.68 trillion in FY24 and Rs 1.51 trillion in FY22
 "Gross GST collections double in 5 years to record Rs 22.08 trillion in FY25")
Make GST registration easier using tech, risk-based parameters: FM to CBIC
During the conclave, she directed the zones to prepare an action plan to improve various parameters, such as GST registration, processing of refunds, and handling taxpayers' grievances
 "Make GST registration easier using tech, risk-based parameters: FM to CBIC")