Monday, August 03, 2026 | 01:25 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Goods And Services Tax

Gross GST collections rise 15% in July, led by strong import revenues

Gross GST collections climbed to ₹2.11 trillion in July as import-related revenue surged nearly 29 per cent, while domestic collections maintained healthy growth

Gross GST collections rise 15% in July, led by strong import revenues
Updated On : 01 Aug 2026 | 1:00 PM IST

Gross GST collection kitty swells 15.4% to over ₹2.11 trillion in July

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.

Gross GST collection kitty swells 15.4% to over ₹2.11 trillion in July
Updated On : 01 Aug 2026 | 11:58 AM IST

GST ITC fraud detections jump to ₹74,782 cr in FY26; cases more than double

Central tax authorities detected ITC fraud worth Rs 74,781.56 crore across 30,162 cases in FY26 as analytics, biometric checks and enforcement measures strengthened detection

GST ITC fraud detections jump to ₹74,782 cr in FY26; cases more than double
Updated On : 28 Jul 2026 | 7:30 PM IST

Industry seeks 3-month extension for GST e-way bill changes from August 1

Trade bodies urge the finance ministry to defer GSTN's e-way bill changes, citing technology upgrades, testing needs and concerns over commercial confidentiality

Industry seeks 3-month extension for GST e-way bill changes from August 1
Updated On : 28 Jul 2026 | 5:02 PM IST

9 months on, GST next-gen reforms: Lower rates, larger base, higher revenue

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

9 months on, GST next-gen reforms: Lower rates, larger base, higher revenue
Updated On : 24 Jul 2026 | 1:30 AM IST

Online gaming firms seek Supreme Court review of 28% GST judgment

Gaming companies have moved the Supreme Court to review its ruling upholding the 28 per cent GST levy and retrospective tax demands of more than Rs 1.5 lakh crore

Online gaming firms seek Supreme Court review of 28% GST judgment
Updated On : 14 Jul 2026 | 10:45 PM IST

GST at 9: Why easier return filing has not meant simpler compliance

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

GST at 9: Why easier return filing has not meant simpler compliance
Updated On : 01 Jul 2026 | 8:36 AM IST

GST's credit challenge: Why input tax credit remains the biggest challenge

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

GST's credit challenge: Why input tax credit remains the biggest challenge
Updated On : 01 Jul 2026 | 8:10 AM IST

Nine years of GST: Experts call for litigation and compliance reforms

As GST completes nine years, the Centre highlights stronger revenues and wider tax coverage, while experts seek reforms to reduce litigation, simplify compliance and ease working capital pressures

Nine years of GST: Experts call for litigation and compliance reforms
Updated On : 30 Jun 2026 | 8:25 PM IST

Datanomics: GST turns 9, collections see slower growth in recent years

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

Datanomics: GST turns 9, collections see slower growth in recent years
Updated On : 29 Jun 2026 | 10:51 PM IST

GST enters 10th year: Inside the process behind every GST rate change

Industry associations, companies, state governments, central ministries, tax authorities and even judicial rulings can trigger a review of an existing GST rate or product classification.

GST enters 10th year: Inside the process behind every GST rate change
Updated On : 29 Jun 2026 | 3:51 PM IST

GST at 10: Govt bets on AI and data integration to ease compliance

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

GST at 10: Govt bets on AI and data integration to ease compliance
Updated On : 28 Jun 2026 | 11:47 AM IST

Businesses seek uniform GST audits, fewer tax disputes: Deloitte survey

Nine years after GST's rollout, businesses largely back the tax regime but seek more uniform audits, faster refunds and simpler compliance rules

Businesses seek uniform GST audits, fewer tax disputes: Deloitte survey
Updated On : 23 Jun 2026 | 5:15 PM IST

India Inc gives thumbs up to GST; seeks faster refunds: Deloitte Survey

A resounding majority of India Inc have reported a positive and neutral experience with Goods and Services Tax (GST) with digitisation and rate rationalisation emerging as key factors benefiting businesses, but flagged concerns in delays in refund and audit related issues, a Deloitte India survey said on Tuesday. Released ahead of GST completing 9 years on July 1, Deloitte India's GST@9 survey called for the next phase of reform to move beyond digitalisation to an AI-driven compliance and data-led dispute reduction. The survey, based on 1,096 responses from leaders across eight industries, including MSMEs, showed increased stakeholder confidence with a "near universal acceptance", with 99 per cent positive and neutral sentiment, and with negative perception of less than 1 per cent. GST, which subsumed 17 local taxes and 13 cesses, was rolled out on July 1, 2017. The GST taxpayer base has grown from 66.5 lakh in 2017 to about 1.65 crore in 2026. The Deloitte India survey outlined th

India Inc gives thumbs up to GST; seeks faster refunds: Deloitte Survey
Updated On : 23 Jun 2026 | 1:02 PM IST

RMG execs fear liquidation of personal assets amid steep GST demands

Executives at real money gaming firms fear retrospective GST liabilities and penalties could force liquidation of personal assets amid mounting financial stress

RMG execs fear liquidation of personal assets amid steep GST demands
Updated On : 28 May 2026 | 11:22 PM IST

FinMin, states in talks for simpler GST norms for qcom dark stores

The Finance Ministry is discussing with states possible simplification of GST registration norms for dark stores and warehouses amid rapid quick commerce expansion

FinMin, states in talks for simpler GST norms for qcom dark stores
Updated On : 19 May 2026 | 11:14 PM IST

ULIPs retain dominance in private insurers' product mix despite policy push

This is despite sharper push towards protection products after GST relief

ULIPs retain dominance in private insurers' product mix despite policy push
Updated On : 17 May 2026 | 11:35 PM IST

GSTAT braces for rush in appeals ahead of June 30 filing deadline

Finance Ministry officials expect a surge in GSTAT appeal filings before the June 30 deadline as taxpayers defer cases over pre-deposit concerns

GSTAT braces for rush in appeals ahead of June 30 filing deadline
Updated On : 07 May 2026 | 11:55 PM IST

Impact of GST rate cuts appears to be more nuanced than widespread

GST rate cuts may not immediately boost demand; study by National Institute of Public Finance and Policy shows delayed, nuanced impact on consumption and income

Impact of GST rate cuts appears to be more nuanced than widespread
Updated On : 23 Apr 2026 | 11:00 PM IST

Everyone loves a good GST: Politicians understand the flaws in system

India's GST needs urgent reform as structural flaws-multiple rates, exemptions, and broken credit chains-continue to hurt growth, investment, and exports

Everyone loves a good GST: Politicians understand the flaws in system
Updated On : 12 Apr 2026 | 11:03 PM IST