Page 3 - Gst

Strong start to year but deregulation holds key to competitiveness

From the finance ministry came a mix of revenue-raising and trade-defence actions. Taxes on tobacco products will increase from the beginning of next month

Car sales zoom 26% in Dec on GST cut, year-end rush lifts wholesale demand

For calendar year 2025, domestic PV wholesales stood at 4.55 million units, marking a 5.7 per cent YoY increase

In second full month of GST 2.0, net collections increase 2.2%

Net GST revenues rose just 2.2% in December 2025, the slowest pace in a year, as weak domestic demand and high refunds offset stronger import-led collections

Vodafone Idea slapped with ₹638 crore GST penalty, plans legal challenge

A day after getting major AGR dues relief, Vodafone Idea was slapped with a ₹637.9-crore GST penalty for alleged tax short payment

Gross GST collections rise 6% to over ₹1.74 trillion in December 2025

Gross GST collections rose 6.1 per cent to over Rs 1.74 lakh crore in December 2025, on slow growth in revenues from domestic sales following the sweeping tax cuts, according to government data released on Thursday. Gross Goods and Services Tax (GST) revenue in December 2024 was over Rs 1.64 lakh crore. Gross revenue from domestic transactions rose 1.2 per cent to over Rs 1.22 lakh crore, while revenues from imported goods were up 19.7 per cent at Rs 51,977 crore during December, 2025. Refunds were up 31 per cent to Rs 28,980 crore in December. Net GST revenues (after adjusting refunds) stood at over Rs 1.45 lakh crore, up 2.2 per cent year-on-year. Cess collection last month dipped to Rs 4,238 crore, as against Rs 12,003 crore collected in December 2024. Effective September 22, 2025, GST rates on about 375 items were slashed, making goods cheaper. Also, a compensation cess levy is levied only on tobacco and related products, as against luxury, sin and demerit goods earlier. The

IndiGo gets ₹458 crore GST penalty order; airline to challenge ruling

The country's largest airline IndiGo on Tuesday said authorities have slapped a GST penalty of over Rs 458 crore, and that it would contest the decision. The Additional Commissioner of CGST- Delhi South Commissionerate has slapped the penalty. It pertains to the assessment order under Section 74 of the Central Goods and Services Tax Act, 2017, for FY-2018-19 to FY 2022-23, according to a regulatory filing. The total GST penalty is Rs 458,26,16,980. "GST department has passed an order imposing GST demand along with interest and penalty on compensation received from foreign supplier and denial of Input Tax credit. The company strongly believes that the order passed by the GST department is erroneous and not in accordance with law, backed by advice from external tax advisors. "Accordingly, the company will contest the same and shall take appropriate legal remedies against the aforesaid order. The company is already in appeal before the Commissioner (Appeals) in a similar matter for FY

Ducati bets on India-EU FTA as 40% GST weighs on luxury motorcycles

Ducati India says the 40 per cent GST on large-capacity bikes has added pressure on demand and is counting on the proposed India-EU FTA to ease import costs from 2026

After slow start, auto sales set to end 2025 on a high as demand revives

India's automobile industry is set to post its highest-ever retail sales in 2025, supported by GST rationalisation, income tax relief, RBI rate cuts and improving rural demand after a good monsoon

Reforms, robust demand may drive insurance growth back to double digits

After a muted FY26 so far, India's insurance industry is expected to return to double-digit growth in FY27, aided by regulatory changes, GST rationalisation and improving demand across segments

Delhi HC asks Centre to respond to plea seeking lower GST on air purifiers

The Delhi High Court on Friday directed the Centre to file a detailed response to a petition seeking lowering of goods and services tax on air purifiers in view of worsening air quality in the national capital. A vacation bench of Justices Vikas Mahajan and Vinod Kumar granted 10 days' time to the central government to file its reply to the petition and listed the matter for further hearing on January 9. The court was informed by the Centre's counsel that the meeting of GST Council has to take place physically only and it is not possible to convene the meeting through video conferencing. Additional Solicitor General N Venkataraman, representing the Centre, sought time to file a detailed reply. The court was hearing a public interest litigation (PIL) seeking directions to the central government to classify air purifiers as "medical devices" and reduce the goods and services tax (GST) to the five per cent slab. Air purifiers are currently taxed at 18 per cent. The petition by advoca

Shake up: Odisha leads in GST growth, Telangana in direct taxes

Odisha was one of the few states to have outpaced the 14 per cent compensation-cess growth benchmark built into GST at its inception

Rolling back QCOs fixes the damage, but it is not the same as reform

India's rollback of quality control orders eases supply disruptions and export costs, but highlights deeper policy incoherence and recurring inward-looking trade interventions

PwC seeks clarity on GST input tax credit for data centre construction

PwC has urged the government to clarify whether hyperscale data centre infrastructure qualifies as plant and machinery for GST input tax credit, and to address PE and SEP risks for overseas players

While competition is high, Voltas remains well protected, says MD Menon

In an exclusive interview, Mukundan Menon, the managing director of Voltas, talks about protecting its turf in a competitive market

Three Bills and a Budget: How the winter session impacts future budgets

Three laws passed in Parliament could boost central revenues, reshape GST cess flows, shift MGNREGA costs to states and create new budget headroom ahead of the 2026-27 Union Budget

UltraTech Cement receives ₹782.2 cr GST demand over alleged short payment

UltraTech Cement on Saturday said it has received a GST demand notice for a total payment of Rs 782.2 crore, which it plans to contest before the appropriate forum. "The Company is reviewing the Order, considering all legal options, and accordingly would be contesting the demand," UltraTech Cement said in a regulatory filing. The order has been passed in various matters on account of "alleged short payment of GST, improper utilisation of Input Tax Credit, etc" during the period 2018-19 to 2022-23, the company said. The order is passed "without due consideration of the Company's submissions." The order passed against it is "upholding tax liability of Rs 3,90,95,58,194/- plus applicable interest on tax demand; additional interest Rs 27,68,289/- and penalty of Rs 3,90,95,58,194/", the filing said. The Aditya Birla flagship firm has received the order passed by the Joint Commissioner, Central Goods and Services Tax & Central Excise, Patna, on Friday. UltraTech is the country's leadin

Centre projects ₹47,000 cr net revenue loss from GST rate rationalisation

The Centre projected a net revenue loss of about ₹47,000 crore due to GST rate rationalisation, even as higher taxation on select goods was expected to partly offset the impact

Tax hierarchy sees reshuffle as Odisha, Telangana take unexpected leads

Smaller states such as Odisha and Telangana are emerging as the fastest-growing contributors to GST and direct taxes, challenging the long-held dominance of India's traditional economic powerhouses

Premium bike sales rise 4% despite GST hike for 350 cc-plus models

Sales volumes rose 7.2 per cent year-on-year in October 2025 to 19,555 units, before moderating by 1.4 per cent in November to 10,396 units

RBI doubles 10-day VRR amount to ₹1.5 trn due to expected tax outflows

Market participants said the decision to double the VRR amount was due to outflows due to advance tax and goods and services tax (GST) collections, expected to be Rs 2 trillion