Page 2 - Gst

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

ITC re-architecting cigarette portfolio after tax hike: CMD Sanjiv Puri

The ITC chief said the company is pursuing calibrated pricing and portfolio innovation to curb illicit trade while continuing investments to diversify beyond cigarettes

FMCG demand has improved across rural and urban markets: ITC CMD

The ITC chief attributed the recovery in FMCG demand to GST rationalisation, income tax relief and other government measures, while cautioning over West Asia and El Niño risks

GST re-labelling misleads and obscures the true revenue picture

GST's tax relabelling has blurred revenue trends, altered Centre-state fund sharing and raised fresh questions about transparency and fiscal federalism

Finance Commission recommendations are not a Centre-versus-states debate

Centrally Sponsored Schemes have complemented state fiscal capacity by improving access to essential public services while reducing regional disparities

Jubilant FoodWorks gets GST demand notice for ₹46.9 cr, to challenge demand

Jubilant FoodWorks Ltd (JFL), India's leading quick-service restaurant chain operator has received a GST demand notice for Rs 46.9 crore, according to a regulatory filing by the company. JFL said it will challenge the GST department's notice. The show cause notice alleges that the Input Tax Credit (ITC) has been reversed in the "incorrected table" while filing the GST return of JFL, said the flagship company of the Jubilant Bhartia Group. "The company has received a show cause notice (SCN) from the GST Department proposing a GST demand amounting to Rs 46,90,96,051," said JFL, which has franchise rights for global QSR (quick-service restaurant) brands as Dominos and Popeyes. The Bhartiya family-promoted firm said it "believes that the SCN issued has not considered the merits" of the submissions filed by the company. "The company is in the process of filing detailed objections within the stipulated timelines as per the SCN. Post such filings, the impugned SCN and proposed demand is

Life insurers' ad expenses fell 19.16% to ₹3,211.6 crore in FY26

Private life insurers pared advertising and publicity spending amid GST changes, EoM pressures and restructuring after the loss of input tax credit benefits

E-way bill generation rises 14.5% in June to fourth-highest monthly level

E-way bill generation under the GST regime rose 14.5 per cent year-on-year to 136.77 million in June, signalling resilient goods movement, domestic trade activity and tax compliance

Assam's June GST collection jumps 15%, outpaces national average growth

Assam witnessed a 15 per cent growth in GST collection in June compared to the corresponding period a year ago, Finance Minister Jayanta Malla Baruah said on Saturday. The GST collection in June stood at Rs 1,437 crore as against Rs 1,255 crore in the same month last year. "June 2026, witnessed 15 per cent GST growth compared to June 2025, well above the national average of 9 per cent, placing Assam among the country's top performing major states. "Focused efforts to improve compliance, plug leakages, strengthen digital tax administration and widen the tax base are delivering encouraging results," Baruah said in a post on X. The GST collected in the first quarter from April to June was Rs 4,467 crore compared to Rs 3,026 crore during the corresponding period in 2025. Assam outperformed several larger states, including Maharashtra, Karnataka, Delhi, Haryana and West Bengal, officials said. ''We remain committed to transparent governance, robust revenue mobilisation and building a

GST collections rise 11% in June driven by robust import revenues

While net GST collections, after adjusting for refunds, increased to ₹1.62 trillion, gross GST collections rose to ₹1.95 trillion

GST mop up grows 14% to ₹1.95 trillion in June on higher import revenues

GST collections rose 13.9 per cent to about Rs 1.95 lakh crore in June, government data showed on Wednesday. Gross collections from domestic transactions were up 6.5 per cent to about Rs 1.35 lakh crore, while import revenues rose 34.6 per cent to Rs 60,038 crore. Total refunds were up 29.1 per cent at Rs 32,436 crore in June. After adjusting refunds, net collection grew 11.2 per cent to over Rs 1.62 lakh crore in June.

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'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

Govt extends deadline for filing GSTAT appeals by one month till July 31

Extension follows representations over technical issues on the GSTAT portal and a sharp increase in appeal filings as the new appellate mechanism becomes operational

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

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

Cestat ruling: Stock brokers may get clarity on delayed payment charges

Experts say the Tribunal's ruling on delayed payment charges could provide greater certainty to stock brokers on the tax treatment of financing-related charges

E-way bill generation post GST rollout fourth-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