GST

The pendency of GST refund claims has come down significantly over the past two years as of March 31, 2026, Parliament was informed on Monday. In a written reply to the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said 64 claims involving a refund amount of about Rs 164 crore were pending for more than 60 days but up to 90 days as of March 31, 2026. This is significantly lower than 907 claims involving a refund amount of Rs 274 crore at the end of FY24; and 374 claims involving a refund amount of Rs 246 crore as of FY25. With regard to GST refunds, which are pending for more than 90 days, the number of claims has come down to 110 involving a claim of Rs 64 crore as of March 31, 2026. This corresponds to 1,592 claims involving a refund of Rs 696 crore as of FY24 and 712 claims worth Rs 560 crore as of FY25. Chaudhary said the delay in processing of refund claims is mainly on account of delayed submission of documents and delayed submission of replies by the taxpayers i

Gross GST collections grew 15.4 per cent to over Rs 2.11 lakh crore in July on higher mop-up from domestic transactions and imports. Gross GST collections were Rs 1.83 lakh crore in July 2025. It was about Rs 1.95 lakh crore last month. Gross Central Goods and Services Tax (CGST) revenue during the month stood at Rs 39,835 crore, while State GST (SGST) and Integrated GST (IGST) mop-up were Rs 47,881 crore and over Rs 1.23 lakh crore, respectively. Total refunds during July grew 13.1 per cent to Rs 29,968 crore. After adjusting refunds, net GST revenue stood at over Rs 1.81 lakh crore.

India Ratings says simplified taxation, stronger compliance and a wider taxpayer base have lifted states' tax collections and buoyancy since GST rollout

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 apex court dismissed the Centre's petitions against the Gujarat High Court ruling, holding that transfers of long-term GIDC industrial leasehold rights are not subject to GST

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

The ITC chief said the company is pursuing calibrated pricing and portfolio innovation to curb illicit trade while continuing investments to diversify beyond cigarettes

The ITC chief attributed the recovery in FMCG demand to GST rationalisation, income tax relief and other government measures, while cautioning over West Asia and El Niño risks

GST's tax relabelling has blurred revenue trends, altered Centre-state fund sharing and raised fresh questions about transparency and fiscal federalism

Centrally Sponsored Schemes have complemented state fiscal capacity by improving access to essential public services while reducing regional disparities

Jubilant FoodWorks Ltd (JFL), India's leading quick-service restaurant chain operator has received a GST demand notice for Rs 46.9 crore, according to a regulatory filing by the company. JFL said it will challenge the GST department's notice. The show cause notice alleges that the Input Tax Credit (ITC) has been reversed in the "incorrected table" while filing the GST return of JFL, said the flagship company of the Jubilant Bhartia Group. "The company has received a show cause notice (SCN) from the GST Department proposing a GST demand amounting to Rs 46,90,96,051," said JFL, which has franchise rights for global QSR (quick-service restaurant) brands as Dominos and Popeyes. The Bhartiya family-promoted firm said it "believes that the SCN issued has not considered the merits" of the submissions filed by the company. "The company is in the process of filing detailed objections within the stipulated timelines as per the SCN. Post such filings, the impugned SCN and proposed demand is

Private life insurers pared advertising and publicity spending amid GST changes, EoM pressures and restructuring after the loss of input tax credit benefits

E-way bill generation under the GST regime rose 14.5 per cent year-on-year to 136.77 million in June, signalling resilient goods movement, domestic trade activity and tax compliance

Assam witnessed a 15 per cent growth in GST collection in June compared to the corresponding period a year ago, Finance Minister Jayanta Malla Baruah said on Saturday. The GST collection in June stood at Rs 1,437 crore as against Rs 1,255 crore in the same month last year. "June 2026, witnessed 15 per cent GST growth compared to June 2025, well above the national average of 9 per cent, placing Assam among the country's top performing major states. "Focused efforts to improve compliance, plug leakages, strengthen digital tax administration and widen the tax base are delivering encouraging results," Baruah said in a post on X. The GST collected in the first quarter from April to June was Rs 4,467 crore compared to Rs 3,026 crore during the corresponding period in 2025. Assam outperformed several larger states, including Maharashtra, Karnataka, Delhi, Haryana and West Bengal, officials said. ''We remain committed to transparent governance, robust revenue mobilisation and building a

While net GST collections, after adjusting for refunds, increased to ₹1.62 trillion, gross GST collections rose to ₹1.95 trillion

GST collections rose 13.9 per cent to about Rs 1.95 lakh crore in June, government data showed on Wednesday. Gross collections from domestic transactions were up 6.5 per cent to about Rs 1.35 lakh crore, while import revenues rose 34.6 per cent to Rs 60,038 crore. Total refunds were up 29.1 per cent at Rs 32,436 crore in June. After adjusting refunds, net collection grew 11.2 per cent to over Rs 1.62 lakh crore in June.

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

Extension follows representations over technical issues on the GSTAT portal and a sharp increase in appeal filings as the new appellate mechanism becomes operational

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