Tag Archives: Goods and Services Tax

New Delhi: Goods and services tax (GST) collections rose 7.5% to Rs 1,95,735 crore in July, showing signs of a pick-up from the previous month, although the growth was slower than a year ago.According to the latest official numbers, collections from domestic sources in July, based on transactions in June, were 6.7% higher at a little over Rs 1.4 lakh …

New Delhi: Goods and services tax (GST) collections rose 7.5% to Rs 1,95,735 crore in July, showing signs of a pick-up from the previous month, although the growth was slower than a year ago.According to the latest official numbers, collections from domestic sources in July, based on transactions in June, were 6.7% higher at a little over Rs 1.4 lakh …

Reports suggest that government is planning to lower the GST rates for commonly used household items. (AI image) GST relief for common man soon? The Goods and Services Tax (GST) slabs may soon be revamped and rationalised by the government to provide relief to the middle class. Media reports quoting official sources suggest that the government is planning to lower …

NEW DELHI: India’s gross Goods and Services Tax (GST) collection for June stood at Rs 1.85 lakh crore, recording a 6.2% increase over the same month last year, according to data released by the finance ministry on Tuesday.The June figure, however, represents a dip compared to previous months in FY26, when GST mop-up hit a record Rs 2.37 lakh crore …

In a significant compliance shift under the Goods and Services Tax regime, the GST Network (GSTN) on Saturday announced that the monthly GST payment form GSTR-3B will become non-editable from the July 2025 tax period onward. Starting with returns filed in August 2025, taxpayers will no longer be able to manually alter the tax liability in GSTR-3B once it is …

Goods and Services Tax (GST) NEW DELHI: Goods and services tax (GST) collections rose 16.4% to Rs 2,01,050 crore in May, the fastest pace of expansion since Oct 2022, on the back of a jump in taxes on imports.Latest data estimated that during May (for transactions in April), GST collections from imports rose 25.2% to Rs 51,266 crore, while the …

New Delhi: Finance minister Nirmala Sitharaman dismissed concerns over any rise in Goods and Services Tax (GST) rates, claiming that not even one item has seen an increase since the introduction of the GST regime.Speaking during question hour in the Rajya Sabha on Tuesday, she highlighted that the GST rates have instead been reduced, bringing the average rate down from …

GST reforms: The primary objective will be to restructure the tax slabs to ensure meaningful outcomes. More tax relief coming soon? The Narendra Modi government, having provided substantial relief in personal income tax and customs tariff rationalisation in the Union Budget 2025, is now expected to initiate efforts to streamline the goods and services tax (GST) framework for easier implementation …

NEW DELHI: The Supreme Court on Friday stayed Goods and Services Tax (GST) proceedings against 49 online gaming companies over retrospective demand notices issued to them, a decision that pushed up the share price of some of the listed entities.A bench of Justices J B Pardiwala and R Mahadevan passed the interim order, while posting the matter for further hearing …