Page 3 - Gst

Punjab collects ₹15,683.59 crore in net GST from April to October

Punjab has recorded a 21.51 per cent increase in net Goods and Services Tax collection up to October 2025, alongside a robust 14.46 per cent growth in October alone, Finance Planning, Excise and Taxation Minister Harpal Singh Cheema said on Sunday. He lauded the state's performance despite Punjab being hit by massive floods this year and the recent rationalisation of tax rates under GST 2.0. Giving the details of the growth, the Finance Minister said that the state collected Rs 15,683.59 crore in net GST from April to October 2025, compared to Rs 12,907.31 crore during the same period in the previous fiscal year (FY), with an impressive gain of Rs 2,776 crore. By contrast, the growth rate up to October 2024 in FY 2024-25 was a modest 3.80 per cent, he added in an official statement. The state's net GST collection for October 2025 stood at Rs 2,359.16 crore, marking a significant rise from Rs 2,061.23 crore in October 2024, registering Rs 298 crore increase that reflects the State's

October car retail outpaces OEM dispatches to dealers, aided by GST reforms

Retail sales, however, outpaced wholesales as vehicles continued to move swiftly out of showrooms

GST net revenues inch up 0.6% in October; refunds jump nearly 40%

Muted domestic mop-up reflects rate-cut impact, festive deferment; import GST boost cushions growth

Simplified registration under GST 2.0 from Nov 1, says FM Sitharaman

The new GST 2.0 system promises faster registration, reduced human interface, and automated processes to simplify compliance and strengthen taxpayer trust

Reckitt Q3 India revenue hit by GST changes despite Dettol and Durex growth

British FMCG major Reckitt on Wednesday said implementation of new GST slabs in India impacted its net revenue growth in the September quarter. However, the company reported volume-led growth in its germ protection brand Dettol in markets, including India, which helped it grow by double digits in the quarter. Besides, in the Intimate Wellness category, its brand Durex continued to gain market share in India, Reckitt said in its earnings statement. "We continued to drive encouraging sell-out performance in India, whilst LFL net revenue growth (low single digit) was impacted by the GST regime change in September. This resulted in a shift of trade orders to Q4," said Reckitt. However, this short-term disruption, Reckitt said, its "like-for-like (LFL) net revenue growth in India remains high single digit through 2025 YTD. Reckitt operates in the Indian market with power brands, which include Lysol, Vanish, Strepsils, Veet, Dettol, Harpic, and Durex. Leading FMCG makers in India repor

GST rationalisation to lift organised apparel revenue by 200 bps: Report

The recent goods and services tax (GST) rationalisation is set to lift revenue growth of organised apparel retailers by about 200 bps this fiscal, keeping the topline steady at 13-14 per cent for the second financial year in a row, a report said on Monday. The GST rate cut on apparel priced below Rs 2,500 is likely to lift demand in the mid-premium segment, while the fast fashion or value segment will continue to drive the momentum, Crisil Ratings said in a report. Though limited, the GST relief provides timely support to sustain growth, the report stated. The uniform 5 per cent GST rate -- versus the previous dual structure of 5 per cent below Rs 1,000 and 12 per cent between Rs 1,000 and Rs 2,500 -- has widened the consumption base, it added. Conversely, Crisil Ratings said, the increase in the GST rate on apparel priced above Rs 2,500 from 12 per cent to 18 per cent has weighed on premium categories, including wedding wear, woollens, handlooms, and embroidered clothing. The pre

Eternal gets GST demand order, penalty worth ₹128 crore from UP officials

Eternal, which owns the Zomato and Blinkit brands, on Sunday said it has received a goods and services tax (GST) demand order from the Uttar Pradesh tax authorities along with applicable interest and penalty amounting to over Rs 128 crore. The demand order received from Deputy Commissioner, State Tax, Lucknow, Uttar Pradesh is with respect to short payment of output tax and excess availment of input tax credit for the period April 2023 to March 2024 with interest and penalty thereon. Eternal said it believes it has a strong case on the merits and will file an appeal against the order before the appropriate authority. In a regulatory filing, Eternal said, "This is to inform that the Company has received an order on 18 October 2025 for the period April 2023 to March 2024 passed by Deputy Commissioner, State Tax, Lucknow, Uttar Pradesh confirming demand of GST of Rs 64,17,43,503 with interest as applicable and penalty of Rs 64,17,43,503." The company re-branded itself as Eternal in .

GST cuts boost spending; festive, wedding season sales to cross ₹7 trn

The Centre said that the timing of the GST cuts just before the festival and wedding season proved ideal, boosting consumer sentiment across sectors

GST rate cuts reaching consumers, reforms widely welcomed: Sitharaman

Sitharaman explained that while a few products witnessed a smaller-than-expected pass-through, overall, the rate cuts have effectively translated into lower prices for consumers

No-GST rule fuels 2.5x jump in term plans,2.2x surge in health cover demand

Tax reform expected to broaden insurance reach in the country, say experts

Uttarakhand GST raid uncovers tax evasion racket involving senior official

Officers of the Uttarakhand GST headquarters carried out a raid and unearthed a tax evasion racket worth over Rs 20 lakh several lakhs of rupees, allegedly run in collusion with joint commissioner-level officials. "The state tax headquarters had been constantly receiving information and complaints that transporters were bringing goods to Haldwani in the Kumaon region while evading taxes," a senior official from the headquarters said. "One of these transporters was also reported to have the patronage and support of a senior departmental officer at the level of joint commissioner," he said. Officials said that this hindered any major action against this transporter at the local level. The state GST headquarters, then, decided to take action against the transporters on its own. "Teams from Rudrapur raided two transport companies in Haldwani early this week," sources said. They added that in a highly confidential manner, under heavy police security, two departmental teams from outside

GCPL warns GST changes may impact Q2 profitability, EBITDA expected to fall

Implementation of new GST slabs to lower the duty has resulted in some short-term adjustments across trade in the domestic market, Godrej Consumer Products Ltd (GCPL) said while projecting a 'low-single digit' volume growth on a standalone basis in the September quarter. The GST rate reductions have resulted in some short-term adjustments across trade channels, as distributors and retailers focused on liquidating existing inventories, said Godrej Consumer in its quarterly updates. This has delayed the flow of new orders and temporarily deferred consumer purchases, impacting both growth and profitability, the FMCG business of Godrje Industries Group added. "Consequently, our Standalone business is expected to deliver mid-single digit value growth, supported by low-single digit UVG," it said. However, GCPL, which markets brands as Cinthol, Godrej No1, Good Knight and HIT, said the government's recent GST reforms represent an 'encouraging step' towards strengthening consumer ...

GST revamp: Firms can raise grammage, and not cut prices, despite HC ruling

However, one of the officials said the judgment is based on the earlier anti-profiteering framework, which is not applicable under GST 2.0, rolled out on September 22

Multi-line general, health insurers log muted growth after GST revamp

Multi-line general insurers grew 1.94% and standalone health insurers 3.09% in September, while specialised players saw strong premium expansion

J&K rolls out GST 2.0 reforms, adopts 7-step consumer benefit protocol

Jammu and Kashmir government on Friday rolled out GST 2.0 reforms in the Union territory, bringing in major changes to rationalise the tax structure and ensure consumer welfare in line with the national reforms drive. Effective September 22, GST has adopted a two-tier structure, with rates of 5 per cent and 18 per cent. The earlier tax slabs of 5, 12, 18, and 28 per cent have now been clubbed into the two rates mentioned above, resulting in a reduced price of 99 per cent of daily use items. "The Government has commenced the implementation of next-generation GST reforms 2.0, effective from September 22, aligning with the national tax rationalisation drive and reinforcing its commitment to consumer welfare," an official spokesperson said. For smooth and transparent implementation of the new GST regime, the administration has put in place Standard Operating Procedures (SoPs) for the State Taxes, Legal Metrology, Health & Medical Education, and Industries & Commerce ...

Car sales surge in September as GST 2.0 price cuts boost festive demand

Auto majors Maruti Suzuki, Tata Motors and Mahindra & Mahindra reported robust sales in September as reduced price tags owing to GST rationalisation led to record demand in the Navaratri period. The month also saw Tata Motors and Mahindra & Mahindra settling at number two and three positions, respectively in vehicle wholesales ahead of Hyundai Motor India. Maruti Suzuki India said its total domestic passenger vehicle dispatches to dealers stood at 1,32,820 units last month compared with 1,44,962 units in the year-ago period, a dip of 8 per cent. The domestic wholesale figure for the month should be seen in the context of logistical constraints towards the last part of the month, the auto major stated. In a virtual press conference, Maruti Suzuki India Senior Executive Officer for Marketing and Sales Partho Banerjee said the company's retail sales were 1.73 lakh units last month, an increase of 27.5 per cent as compared with September 2024. He noted that the company has 2.5 ...

September GST collection increases to ₹1.89 trillion vs ₹1.86 trn in August

GST mop-up in September 2024 stood at ₹1.73 trillion, while collections in August 2025 were at ₹1.86 trillion

ICICI Bank served GST demand notice of ₹216 crore by tax authorities

ICICI Bank on Tuesday said tax authorities have slapped a demand notice of Rs 216.27 crore on it for alleged short payment of GST. In a regulatory filing, ICICI Bank said, on September 29, 2025, it received a Show Cause Notice (SCN) under section 73 of the Maharashtra Goods and Services Tax Act, 2017 from Additional Commissioner of CGST, Mumbai East Commissionerate raising GST demand amounting to Rs 216.27 crore on services provided by the bank to customers maintaining specified minimum balances in their accounts. While the bank is in litigation (including writ petition) on a similar issue raised in orders/SCNs in the past, since the aggregate/cumulative amount involved in the above crosses the materiality threshold, this matter is being reported, it said. The bank will file a reply to the said SCN within the prescribed timelines, it added.

Ecom platforms on government radar for compliance with GST rate cuts

The government has placed e-commerce platforms under scrutiny as it monitors prices of daily use FMCG products ranging from shampoo to pulses to ensure that the benefits of Goods and Services Tax (GST) rate cuts are being appropriately passed on to consumers, a source said on Tuesday. Authorities are monitoring whether these platforms are complying with pricing norms and not withholding the intended consumer benefits from tax reductions. Amid complaints of not commensurate price reduction of daily essential items being sold on some e-commerce platforms, sources said that the government has informally ticked off certain e-commerce operators for the prices they are offering on certain items. "The government is monitoring e-commerce operators for a smooth and genuine passage of GST cuts. The revenue department is monitoring whether taxes have been cut commensurately," the source said. Sources said the e-commerce platforms cited 'technical glitches' when discrepancies in pricing pre- a

NCH receives 3K GST-related complaints post tax cuts: Consumer Affairs secy

Consumer Affairs Secretary Nidhi Khare on Monday said the government's National Consumer Helpline (NCH) has received 3,000 complaints related to GST since the implementation of reduced taxes. "We have so far received 3,000 consumer complaints. We are sending them to the CBIC (Central Board of Indirect Taxes and Customs) for further action," Khare told reporters on the sidelines of an event. The Consumer Affairs Ministry is closely monitoring instances where consumers are being cheated through misleading discount practices to avoid passing on the benefits of reduced GST rates, she said. The ministry is deploying artificial intelligence and chatbot technology to get a clearer picture of complaints across various sectors, she added. The complaints mechanism comes amid concerns that retailers may not be fully passing on the benefit of GST rate reductions to consumers, prompting the government to strengthen its monitoring systems.