Gst

Lower GST on insecticides can boost access, cut disease risk: EY-HICA

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

Best of BS Opinion: Leadership change at US Fed will test global markets

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

DGGI nabs mastermind of ₹1,825 crore GST refund fraud at IGI Airport

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

Establish 'GST-like' industrial land council for dispute resolution: CII

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

Govt panel seeks excise duty removal on CNG, GST inclusion for gas boost

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

Global corporation tax system has become complex, ineffective: Devereux

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

Piyush Goyal releases 'white paper' on TN's finances, flags GST gap

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

Gross GST growth in FY26 least since Covid-hit 2020-21, net up 7.1%

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

GST collections grow 8.8% to over ₹2 trn in Mar on domestic sales, imports

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.

Bombay High Court halts GST action on 18% hotel restaurant levy

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

Archaic tree-felling laws, policy gaps curb India's agroforestry potential

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

No formal study on GST rate rationalisation's inflation impact: Govt

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 medtech lobby seeks govt support as key input costs rise 50%

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

HC quashes ₹1 cr cash seizure by GST officers, says law does not permit it

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 gets GST demand notice of about ₹170 crore for FY18-FY22

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.

Hookah served with food in restaurants to be taxed separately: WB AAR

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

GST authorities issue demand notice of ₹6.37 crore to Britannia Industries

GST authorities have issued a demand notice of Rs 6.37 crore to Britannia Industries, and the company is exploring legal remedies. The bakery food company received the order from the Office of the Commissioner of CGST & Central Excise, Thane on Monday, according to a regulatory filing from the company. The order has been passed under Section 74 of the GST Act for FY 2020-21 to FY 2023-24, alleging non-payment of tax due to "incorrect classification" of goods supplied. "The tax and penalty quantified in the order amount to Rs 2,12,40,000 and Rs 4,24,80,000 respectively, totalling to a demand of Rs 6,37,20,000 in addition to the applicable interest," Britannia said. However, this will have " no material impact on the financials, operations or other activities" of the company, said Britannia, which owns popular brands such as Good Day, Tiger, NutriChoice and MarieGold. "The order is appealable and the company shall take necessary actions, including exercising the legal remedies ...

Fino's SFB transition unlikely to be hit by CEO's arrest: Experts

Fino is the first and the only payments bank so far to apply for conversion into an SFB

Fino Payments Bank backs its MD after GST arrest; FM says she will check

Fino Payments Bank says its MD Rishi Gupta and the bank had no role in alleged GST violations linked to programme managers; Finance Minister Nirmala Sitharaman says she will review the issue

Maharashtra GST Department initiates inspection, search at Lupin office

Pharmaceuticals firm Lupin Ltd on Wednesday said Maharashtra GST Department has initiated inspection and search at its registered office in Mumbai. The inspection and search by the department seeking documents related to payment of GST and claim of input tax credit etc started at 11.50 am on February 25, 2026, Lupin said in a regulatory filing. The company is extending its cooperation with the officials and providing necessary information and documents, it added. The initiation of this inspection and search doesn't have any impact on the company's financials, operations or other activities, Lupin said.