Page 12 - Gst

Comprehensive land reforms key for India to become manufacturing hub: CII

Industry body CII on Sunday pitched for comprehensive land reforms such as the formation of a GST-like Council to enable coordinated and consensus-based reforms and uniform stamp duty rates of 3 to 5 per cent across the country for India to become a global manufacturing hub. While protectionism and trade wars pose a challenge, India's stable policy framework, strong industrial capabilities, large domestic market and a young workforce, coupled with its reputation as a trusted and capable partner among many nations, set it up as an attractive investment destination, it stated. The Confederation of Indian Industry (CII) has proposed establishing Integrated Land Authorities in each state, and also advocated full digitisation of the conversion process, besides suggesting rationalisation of stamp duty rates to a uniform range of 3 to 5 per cent across states. It also recommended that states should move to a conclusive titling system that ensures clear ownership. "The global landscape is

West Bengal's GST revenues rise 12% in July, Tripura leads with 41% surge

Several states posted double-digit growth in GST collections in July 2025, led by Tripura at 41 per cent. However, Mizoram, Jharkhand bucked the trend, reporting declines in revenue during the month

West Bengal records 12% growth in GST collection for July: CM Mamata

West Bengal has registered a 12 per cent year-on-year growth in gross Goods and Services Tax (GST) collections for July 2025, Chief Minister Mamata Banerjee said on Monday, citing provisional figures released by the Centre. In a post on X, Banerjee said the state collected Rs 5,895 crore in GST revenue last month, up from Rs 5,257 crore in July 2024. "Glad to share that West Bengal has reported a robust 12 per cent year-on-year growth in gross Goods and Services Tax (GST) collections for July 2025, recording collection of Rs 5,895 crore, compared to Rs 5,257 crore in the same month last year, according to provisional figures just released by the Government of India," she said. "Cumulative growth rate in our state's GST revenue till the month of July is 7.71 per cent. This marks a steady improvement in business and consumption in West Bengal, which is a sign of good economic health," she added. Banerjee's remarks come at a time when her government has been highlighting economic ...

Parl panel urges FinMin to expedite full enforcement of GSTAT benches

A parliamentary committee has asked the finance ministry to adopt a "time-bound" approach and "actively pursue and coordinate" with all states to make Goods and Services Tax Appellate Tribunal (GSTAT) benches fully functional across the country. GSTAT is a crucial body for resolving Goods and Services Tax (GST) related disputes and significantly reducing the burden on higher courts. The government has notified the principal bench, to be located at New Delhi, and 31 state benches at various locations across the country. In May last year, the government had appointed Justice (Retd) Sanjaya Kumar Mishra as the first President of the GST Appellate Tribunal (GSTAT). The government shall appoint the members in GSTAT on the recommendations of a search-cum-selection committee. The Standing Committee on Finance, chaired by BJP MP Bhartruhari Mahtab, in its report expressed 'concern' over GSTAT benches not being fully operational nationwide. Significant delays persist in appointment of Memb

India's net GST revenue rises 1.7% to ₹1.68 trillion in July; refunds surge

July's net GST kitty growth marks the slowest pace since last February from when disaggregated data on gross and net GST collections is available. In June, net GST revenues were up 3.3 per cent

India's top 18 states' revenues to grow 7-9% in FY26, says Crisil report

Crisil forecasts 7-9% revenue growth for India's top 18 states in FY26, driven by GST, liquor sales, and Centre support, with slower growth than the 10% decadal average

Govt won't pursue tax arrears on exempt goods, says CM Siddaramaiah

The move came after widespread concerns over tax notices issued based on Unified Payment Interface (UPI) data, which had prompted traders to plan a strike on July 25

Karnataka vendors demand relief after GST notice over UPI transactions

In Bengaluru and beyond, small vendors are switching to cash after receiving GST notices for UPI transactions over ₹40 lakh; associations call for urgent government intervention

Fixing GST: India needs a simple, stable, and predictable tax structure

Unlike the states, the Union did not have the cushion of compensation for a revenue shortfall in the initial years

Why a Karnataka vegetable vendor got a ₹29 lakh GST notice for UPI sales

An unregistered vegetable vendor in Haveri, Karnataka, receives ₹29 lakh GST notice after digital transactions via UPI total ₹1.63 crore over four years

GST officers detect ₹15,851 crore fraudulent ITC claims in April-June

GST officers have uncovered fake input tax credit (ITC) claims of Rs 15,851 crore in the April-June quarter of current fiscal, a 29 per cent jump over the year-ago period, even though the number of fake firms detection was less Y-o-Y, officials said. The total number of fake firms detected by central and state GST officers during the first quarter of FY26 stood at 3,558, less than 3,840 such entities detected in the same quarter of FY25. panel of state finance ministers, chaired by Goa Chief Minister Pramod Sawant, is currently studying tax evasion in specific sectors and looking at ways to check input tax credit (ITC) fraud. "On an average, about 1,200 fake firms are getting detected every month. The number of fake firm detection in the April-June period is less compared to last year, which shows that the drive against fake GST registration has worked," an official said. As per the data of the fake firms and ITC frauds detected by central and state GST officers during the June ...

GST burden on small traders: Bommai urges CM Siddaramaiah to intervene

Bommai said the State Commercial Taxes Department, in haste, has imposed taxes for several years along with interest and other charges, placing a heavy burden on small roadside business owners

Levy of 28% GST on online money gaming flawed, firms tell Supreme Court

Gaming platforms argue tax lacks legal basis and violates GST framework; SC schedules final hearing on July 25 in ₹2.5 lakh crore tax dispute

June e-way bills 2.6% lower than May, indicating possible GST moderation

Intra-state e-way bills stood at 78.85 million in June, while inter-state e-way bills were at 40.60 million during the month

Eight years on, GST regime is okay, but GST officers are not efficient

In pre-GST regime, importers of goods were paying additional duties of Customs & taking Cenvat Credit of the same. Now, they are paying Integrated GST and taking input tax credit (ITC) of the same

Ministerial group on GST discusses curbing ITC frauds, leakages by sector

The GoM on GST revenue analysis under Goa Chief Minister Pramod Sawant met on Friday and discussed sector-specific tax leakages and corrective action to curb over Rs 2 lakh crore ITC frauds. The GoM also discussed comparative analysis of pre- and post-GST revenue trends, e-invoicing and IT system enhancements for better traceability. The GoM also discussed state-specific policy suggestions for boosting revenue, and coordination between central and state tax administrations for plugging GST evasion. "Chaired a meeting of the Group of Ministers (GoM) on GST Revenue Analysis to review state-wise revenue trends and identify actionable strategies for improved GST collection," Sawant said in post on X. The GoM identified Input Tax Credit (ITC) fraud as a major issue under goods and services tax (GST) and states suggested various measures to prevent it. Officials said the GoM flagged Rs 2 lakh crore of ITC fraud over the past years, with states like Gujarat, Telangana, and Rajasthan makin

Net GST receipt growth slipped sharply to 3.3% in June: Govt data

June's net revenues from the indirect tax, based on transactions carried out in May, were also impacted by the back of sharp 28.4 per cent rise in total refunds to ₹25,491 crore

Punjab registers record 44% growth in net GST collections in June

Punjab registered a record 44.44 per cent growth in net goods and services tax collections at Rs 2,379.90 crore in June 2025, said Finance Minister Harpal Singh Cheema on Tuesday. Addressing the media here, Cheema said Punjab outpaced the national average in GST collection growth, firmly positioning itself among the top-performing states in tax mobilization despite facing national and geopolitical challenges, including border-related tensions. The net GST collection last month stood at Rs 2,379.90 crore, reflecting a revenue growth of Rs 732.21 crore over the Rs 1,647.69 crore collected in June 2024. This follows the monthly net growth trends of 15.35 per cent in April and 24.59 per cent in May. The net GST collection during the first quarter of 2025-26 reached Rs 6,830.40 crore, even amidst the military conflict between India and Pakistan in May, compared to Rs 5,377.75 crore in the first quarter of 2024-25. This represents a growth rate more than four times the 6.41 per cent gro

GST a landmark reform that reshaped India's economic landscape: PM Modi

On the eighth anniversary of the Goods and Services Tax (GST) roll out, Prime Minister Narendra Modi on Tuesday said the indirect tax regime stands out as a landmark reform that has reshaped India's economic landscape. He said on X, "By reducing the compliance burden, it has greatly improved the ease of doing business, particularly for small and medium enterprises. GST has also served as a powerful engine for economic growth, while fostering true cooperative federalism by making states equal partners in this journey to integrate India's market." The GST, which was implemented from July 1, 2017, has unified 17 taxes and 13 cesses, creating a seamless national market by simplifying compliance and digitising tax systems. It has also expanded the taxpayer base and strengthened cooperative federalism, the government has said. The gross GST collections in the first year of operation (nine months) were Rs 7.40 lakh crore. Over the years, it has witnessed exponential growth, it said. In ..

PwC bats for 3-tier GST rate structure to cut disputes, simplify tax regime

Marking eight years of GST, PwC recommends streamlining tax slabs, removing compensation cess, and aligning India's tax regime with OECD neutrality principles