GST

Growth led by import-linked incentives, surge in March-end filings

Removal of GST on individual policies lifted life insurers' premium growth in FY26, but policy volumes remained subdued, highlighting rising ticket sizes rather than wider customer penetration

Fino Payments Bank reported a sharp decline in Q4 FY26 profit and revenue, with other income falling amid operational challenges during the quarter

NSO proposes GST-based Index of Service Production to track high-frequency trends in services sector, addressing gaps in short-term economic indicators

Reducing GST on household insecticides to 5% can improve affordability, widen rural access, and help curb mosquito-borne diseases, says a joint EY India-HICA report

From leadership shifts at the US Federal Reserve and Apple to rupee management, GST rate cuts and climate discourse, today's Opinion page captures key economic and policy debates

Chugh, who had been wanted in multiple economic offence cases, was apprehended by officials of the DGGI's Ahmedabad Zonal Unit on April 19

Industry lobby CII has proposed the establishment of National Industrial Land Council (NILC), modelled on GST framework, to set national standards, harmonize land-related regulations across states, monitor implementation, and act as a dispute-resolution body. The recommendation is part of a report, "CII Land Mission: Framework to Reform Industrial Land Management in India", led by T V Narendran, Tata Steel Managing Director and Past President, CII. It outlines a roadmap to address structural and procedural bottlenecks in India's industrial land ecosystem. A key recommendation of the report is the creation of a unified, GIS-enabled National Industrial Land Bank, offering real-time information on land availability, zoning status, utilities, environmental constraints, encumbrances, and title clarity. Such a platform would significantly enhance transparency and enable informed, faster investment decisions. The report also draws attention to the wide inter-state variation in stamp duty

Government panel recommends removing excise duty on CNG and bringing natural gas under GST with full input tax credit to accelerate adoption amid energy supply concerns

Economist Michael Devereux calls for moving beyond incremental reforms, arguing current global tax rules are complex, ineffective, and ill-suited to taxing multinationals

Senior BJP leader Piyush Goyal on Saturday released a document titled "Tamil Nadu Government Financial Crisis - comprehensive multi-perspective whitepaper," prepared by his party's Professional Cell in the state, and sought to know where the money received as GST compensation and the state's borrowings have gone. He sought to know how the state treasury could be empty despite receiving over Rs 80,000 crore in GST collections from the Centre and accused the DMK government of causing a financial crisis. With a debt-to-GSDP ratio of 26.4 per cent - just below the Finance Commission's 28.7 per cent ceiling - the state's fiscal health is deteriorating rapidly due to persistent revenue deficits, skyrocketing interest payments, and systemic payment defaults, the paper said. "The DMK's mismanagement has exacerbated structural imbalances, with off-budget borrowings and bleeding public sector undertakings (PSUs) masking the true extent of liabilities. GST has been a boon to TN finances with t

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 collections grew 8.8 per cent to over Rs 2 lakh crore in March, aided by tax mop-ups from domestic sales as well as imports, government data showed on Wednesday. The gross Goods and Services Tax (GST) mop-up was Rs 1.83 lakh crore in March, 2025. Gross domestic revenues rose 5.9 per cent to over Rs 1.46 lakh crore, while those from imports grew 17.8 per cent to Rs 53,861 crore. Refund issuance during March rose 13.8 per cent to Rs 22,074 crore, the latest data showed. After adjusting refunds, net GST revenues stood at about Rs 1.78 lakh crore, up 8.2 per cent year-on-year. Gross GST revenue for the full 2025-26 (April-March) fiscal recorded a growth of 8.3 per cent to over Rs 22.27 lakh crore. Net revenues, after adjusting for refunds, grew 7.1 per cent to Rs 19.34 lakh crore in FY26.

Court continues interim relief, stays show-cause notice in case challenging 18% GST rate on restaurants in high-tariff hotels, with hearing slated for June

Experts flag outdated tree-felling rules and policy gaps as key hurdles to India's agroforestry growth, warning of rising import dependence despite strong domestic demand and export potential

Government says no formal study has assessed GST rate rationalisation's inflation impact; GST revenue rose 8.1% in February, with rural consumption showing strong gains

Domestic medical device makers seek government support as input costs surge up to 50 per cent amid West Asia disruptions, flagging supply chain stress and rising logistics costs

Bombay High Court quashes ₹1 crore cash seizure by GST officers, holding that the CGST Act allows seizure of goods and documents but does not authorise authorities to seize cash

Go Digit General Insurance on Saturday said it has received a demand notice of about Rs 170 crore for short payment of goods and services tax (GST) for nearly five years. The company has received an order copy from the Office of the Commissioner of GST & Central Excise, Chennai South Commissionerate on March 6, confirming GST demand of Rs 154.80 crore levying penalty of Rs 15.48 crore and Interest u/s 50 of CGST Act, 2017 for the period July 2017 to March 2022, the insurer said in a regulatory filing. The company is in the process of evaluating the legal advice on the implications and would file an appeal, it said.

West Bengal AAR holds that hookah served with food cannot be taxed at the concessional restaurant GST rate, classifying it as a separate supply attracting 18-40% GST