GST

GST reforms must ensure immediate input-tax credits and refunds for businesses to reduce production costs, encourage investment and prevent tax cascading, argue Arbind Modi and Ajay Shah.

The ruling clarifies states' powers under pre-GST tax laws and its implications for pending tax demands and refund claims

Gross GST mopup too recorded its fastest growth in 2026-27, rising 22.9 per cent annually to Rs 2.31 trillion

Industry body CII on Sunday described the GST Council's decisions to decriminalise certain offences and rationalise enforcement powers as a significant institutional reform, saying the move marks a shift towards trust-based economic governance and offers a model for India's next generation of economic reforms. On the decisions taken at the GST Council's October 8 meeting, CII said the consensus-driven approach showed how the Centre and states could work together on difficult reforms to improve the relationship between the government and businesses. CII Director General Chandrajit Banerjee said, "The GST Council's decisions deserve special recognition as a landmark institutional reform. We deeply appreciate the leadership of Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman in advancing this transformation, and the constructive role of state governments in achieving consensus on an issue involving sensitive questions of enforcement, revenue protection and taxpayer .

Gross GST collections increased 23 per cent to over Rs 2.31 lakh crore in October, driven by strong mop-up from domestic activities and imports, according to government data released on Sunday. Gross GST collections from domestic sales rose 16 per cent to over Rs 1.59 lakh crore, and revenues from imports climbed 42 per cent to Rs 72,246 crore. The Rs 2.31 lakh crore collection includes Central GST mop-up of 42,935 crore, State GST of Rs 51,340 crore and Integrated GST of over Rs 1.37 lakh crore, data showed. Goods and Services Tax (GST) refunds increased 6.5 per cent year-on-year to Rs 27,934 crore in October. After adjusting for refunds, net GST collections rose 26 per cent to over Rs 2.03 lakh crore in October. During April-October, gross GST collection grew 13.2 per cent to over Rs 14.77 lakh crore. Net collections rose 13 per cent to over Rs 12.69 lakh crore.

Simplified GST registration for small sellers on e-commerce platforms, unified documentation for GST registration, faster refunds, and a Rs 10,000 threshold for issuing GST notices are some of the Goods and Services Tax process reforms that are likely to be rolled out from November 1, an official said on Thursday. The 57th GST Council meeting on October 8 approved a host of reforms in GST processes, primarily covering registration, returns, refund and adjudication. Officials said some of the changes approved by the Council that can be implemented through administrative processes will be brought into effect in phases from November 1, 2026. The changes which require an amendment to the GST law would be implemented from April 1, 2027. The notifications and circulars on the relevant process reforms have already been approved by the legal department and are likely to be issued on Friday, an official said. The Council's decisions on simplified GST registration for small sellers on ...

CBIC's new circulars seek greater clarity in GST notices and adjudication, while easing registration requirements, export payment rules and input tax credit distribution

Experts clarify rules on overseas job work under advance authorisation, leasing capital goods under EPCG and timelines for invoicing and export shipments

The simplified GST registration facility will allow small e-commerce sellers to expand across states without setting up physical offices, with detailed notifications expected soon

The new RCM-DOM and RCM-IMP categories will allow eligible businesses to generate e-invoices for specified domestic purchases and imported services under reverse charge rules

FADA data shows overall vehicle sales rose 2% in the first nine days of Navratri, but passenger vehicle sales fell 14% as last year's GST-led demand surge created a high base

Paytm parent One 97 Communications said the revised GST demand on First Games Technology would have no incremental financial impact on its consolidated financial statements

After process reforms, GST needs road map to shed exclusions

Exporters seek a reassessment mechanism or explicit ITC eligibility for IGST paid through ICEGATE challans to regularise AA and EPCG defaults

September e-way bill generation rose 1.75 per cent from August to a record 141.53 million, as the GST Council proposed curbs on routine checks of goods moving by road.

The GST Council has proposed exempting storage and warehousing services for seeds meant for sowing, along with coffee-curing services provided by coffee curers to cultivators

The GST Council's changes to export definitions and refund rules are expected to benefit IT firms, consulting companies and GCCs by reducing tax disputes and working capital costs

Prime Minister Narendra Modi on Thursday welcomed the new round of GST reforms approved by the GST Council and said its focus was to take faster decisions, lower compliance costs and automated refunds. The prime minister also said that the GST Council's recommendations on removal of arrest provisions, greater decriminalisation and simpler procedures will have a very positive impact. The GST Council on Thursday approved removing the arrest power of tax officials and raising the threshold for prosecution fivefold to Rs 5 crore, while introducing faster and largely automated refunds for taxpayers. "I welcome the new round of GST reforms approved by the GST Council," Modi said in a post on X. "The focus is clear: Faster decisions. Lower compliance costs. Automated refunds. Trust-based administration," he said. Modi said these are in line with the government's constant efforts to make GST more efficient, transparent and citizen-friendly. Announcing the decisions taken at the 57th meet

West Bengal Finance Minister Swapan Dasgupta calls the 57th GST Council meeting "very, very positive", highlighting ease of doing business and improved compliance.

Businesses will be able to claim credit on employee insurance, telecom towers, pipelines and certain free samples, while refunds will be widened to input services and machinery