Page 14 - Monika Yadav

GST reforms drive record festive demand, says FM Nirmala Sitharaman

She said this marginal deviation was due to cases where input taxes remained higher than output rates, leading to small adjustments before products reach consumers

After hotels, online travel portals come under GST department lens

After probing hotels for GST underpayment, authorities now seek booking-level data from online travel portals to check possible double taxation

Net direct tax haul jumps 6% to ₹11.89 trillion on personal tax filings

Higher personal income tax inflows and expanding non-corporate taxpayer base drive the rise in direct tax collections, reflecting robust domestic demand and compliance

Govt working on mechanism to allow refund of ITC on capital goods

An inverted duty structure arises when the tax rate on inputs is higher than that on finished goods, leading to accumulation of unutilised ITC

AI impact may affect 2 million jobs in India's tech sector: NITI Aayog

To turn disruption into opportunity, the NITI Aayog has recommended the launch of a National AI Talent Mission as a nationally coordinated effort to make India the AI workforce capital of the world

NITI Aayog calls for pruning tax offences from 35 to six in new paper

The new paper proposes a three-tier approach to decriminalise minor tax offences and retain criminal liability only for wilful and high-value evasion

E-way bill generation hits record high in September, shows GSTN data

According to experts, the surge in e-way bill volumes reflects a pick-up in goods movement ahead of the festive season

GST revamp: Firms can raise grammage, and not cut prices, despite HC ruling

However, one of the officials said the judgment is based on the earlier anti-profiteering framework, which is not applicable under GST 2.0, rolled out on September 22

CBIC rolls out automated approval system for IFSC code registration

According to CBIC, the initiative will ensure swift processing of bank account and IFSC code approval requests, simplify registration across different ports

GST 3.0: Govt plans automated refunds on lines of income-tax system

Priya, however, refused to give a deadline. "We will have consultations to be done, adequate safeguards have to be put in place

NITI proposes measures to ease foreign firms' operations in India

The recommendation appears in the think tank's latest Tax Policy Working Paper Series - 1 released on Friday

Nearly 4,000 GST complaints filed in first week of reforms, says govt

The Consumer Affairs Ministry said the National Consumer Helpline received 3,981 GST-related complaints in the first week of reforms, mainly on milk pricing and electronics

Five states contribute over 40% of GST revenues in April-September FY26

Maharashtra, Karnataka, Gujarat, Tamil Nadu and Haryana contributed over 40 per cent of GST revenues in Apr-Sep FY26, with Maharashtra leading at ₹31,830 crore monthly

GST revenues up 5% in September to ₹1.6 trillion as refunds surge 40%

Net GST collections had risen 10.7 per cent in August, aided by a 20 per cent decline in refunds during the month

Govt puts ecommerce players under vigilance over GST pass-through

Tax officers are checking if the GST rate cuts are being passed on to customers by comparing prices before and after September 22

Dhruva Advisors, Ryan form joint venture after majority stake acquisition

Dhruva Advisors has partnered with global tax services firm Ryan, which has acquired a majority stake in the Indian advisory to expand tax services in India and overseas

Hotels across India get GST notices for underpayment on restaurant services

Hotels face GST demands as authorities flag underpayment on restaurant services linked to room tariffs above ₹7,500

GSTAT mandates e-filing of appeals, sets staggered deadlines till June 2026

GSTAT has mandated e-filing of appeals via its new NIC-built portal, setting staggered deadlines till June 30, 2026, to avoid congestion and prioritise older cases

GSTAT rollout from Oct to ease GST litigation and unlock business capital

The GST Appellate Tribunal will begin phased rollout in October 2025 with digital filing, faster appeals, and backlog clearance to ease GST litigation and free up capital

GSTAT launch: One forum for state, Centre GST appeals, says FM Sitharaman

Sub heading: 4.8 lakh pending appeals to be heard, says GSTAT Head Mishra