GST

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

As India enters the tenth year of rollout of the Goods and Services Tax, the focus is shifting from implementation to efficiency through use of artificial intelligence, data sharing and process simplification to reduce compliance costs, speed up refunds and tighten enforcement. The government is increasingly using technology to simplify compliance, particularly for micro, small and medium enterprises (MSMEs), while integrating GST, income tax and customs databases to improve risk assessment, curb tax evasion, and reduce manual intervention. GST implementation helped broaden the tax base, strengthened compliance and increased revenues, making the indirect tax regime one of India's most significant economic reforms. Introduced on July 1, 2017, GST replaced a complex system of 17 central and state taxes and 13 cesses with a unified indirect tax framework. The reform, rolled out after years of negotiations between the Centre and states, was aimed at creating a common national market and

Experts say the Tribunal's ruling on delayed payment charges could provide greater certainty to stock brokers on the tax treatment of financing-related charges

The rise in e-way bill generation points to sustained domestic trade activity, stronger supply-chain movement and continued compliance under the GST regime

With GSTAT benches becoming operational, industry bodies have urged the government to fast-track large disputes and extend the June 30 deadline for filing appeals

States can choose from four funding models, including sharing land acquisition costs, to support ring roads, bypasses and elevated corridors around cities

From retrospective taxation and quality reforms to polymer notes, exam glitches and middle-class stress, today's opinion pages examine key policy challenges

Net GST revenue rose 3.3 per cent year-on-year in May, supported by strong import-linked collections, while adjusted gross revenue growth stood at 9 per cent

Gross GST collections rose 3.2 per cent to over Rs 1.94 lakh crore in May on improved supplies of goods and services, and continued expansion of collection from imports, government data showed on Monday. Gross GST collection stood at Rs 1.88 lakh crore in May, 2025. Gross Central GST (CGST) collection from domestic transactions during the reported month stood at Rs 37,397 crore, State GST (SGST) at Rs 45,143 crore and Integrated GST (IGST) at Rs 51,990 crore. Taxable supplies of goods grew 26.9 per cent during the reported period, reflecting domestic demand, while the same for the services sector grew 22.2 per cent, demonstrating structural resilience in domestic consumption. IGST collection from imports rose 19.1 per cent during May to Rs 59,654 crore, signalling expansion in industrial capacity. Goods and Services Tax (GST) refunds grew 2.6 per cent to Rs 27,281 crore. After adjusting refunds, net GST revenues in May rose 3.3 per cent to about Rs 1.67 lakh crore. GST mop-up in

Share of policies above Rs 2 crore jumps to 34 per cent in FY26 from 24 per cent in FY25, as cheaper premiums prompt Indians to reassess coverage needs

Top court also upholds states' right to ban online betting, gambling