Gst

E-way bill generation post GST rollout fouth-highest in May 2026

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

Industry seeks faster disposal of high-value GST disputes, appeal relief

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

Centre seeks state funding support for urban NH decongestion projects

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

Best of BS Opinion: Why India must leave retrospective taxes behind

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 rises 3.3% in May as import-linked collections stay strong

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

GST collections rise 3.2% to ₹1.94 trn in May on strong domestic demand

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

GST rationalisation drives surge in Rs 2 crore-plus term insurance covers

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

Supreme Court upholds 28% retrospective tax on online gaming firms

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

GST 2.0 guidelines fail to resolve refund delays, say experts

Businesses continue to struggle with delayed inverted duty refunds, despite means for quicker provisional payouts

InterGlobe Aviation receives Delhi High Court relief in GST case

Delhi High Court grants interim relief to IndiGo in a Rs 458 crore GST dispute linked to compensation received from an overseas engine manufacturer

Colgate-Palmolive India Q4 profit flat amid GST-related charge impact

Colgate-Palmolive India reports largely flat Q4 net profit due to GST-related charges and restructuring costs, while revenue rises 9.1 per cent year-on-year

Global OEMs, new homegrown player seek 5% GST benefit for REEVs

Global automakers want India to extend concessional EV tax rates to range-extended electric vehicles, arguing the technology can ease range anxiety during the EV transition

GST cut, phased rollout needed for flex-fuel push: Auto industry to govt

Automakers have urged the government to cut GST on flex-fuel vehicles and adopt a phased rollout strategy to boost FFV adoption in India

Govt likely to restrict manual edits in GSTR-3B returns under GST push

The proposed move aims to reduce GST mismatches and tighten compliance by limiting manual changes in GSTR-3B once returns are auto-populated

Niva Bupa aims to outperform peers in retail health insurance

Niva Bupa aims to outpace retail health insurance industry growth through technology investments, multi-distribution expansion, and stronger customer adoption

E-way bill generation rises 12% in April to fourth-highest level

E-way bill generation under the GST regime rose 12 per cent year-on-year in April, signalling sustained momentum in goods movement and economic activity

NSO resets GSVA base year to 2022-23, seeks all-state and UTs adoption

The revised GSVA framework with 2022-23 as base year aims to improve accuracy, comparability and coverage of state-level economic estimates

GST Rationalisation impact: Share of high-value health policies doubles

Zero GST on retail health insurance boosts affordability, driving a sharp shift toward high-value policies as rising medical costs push demand for larger coverage

Canara HSBC Life Insurance to expand tieups, says MD & CEO Anuj Mathur

Canara HSBC Life Insurance plans to reduce reliance on Canara Bank as it scales alternate distribution channels and sustains growth momentum

Net, gross GST collections touched new highs in April: Govt data

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