India’s gross Goods and Services Tax (GST) collection rose 7.5 per cent year-on-year to Rs 1.96 lakh crore in July 2025, helped by higher domestic revenues, according to data released by the finance ministry on Friday.The gross GST mop-up in July 2024 stood at Rs 1.82 lakh crore, while the June 2025 collection was Rs 1.84 lakh crore, PTI reported.Domestic …
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NEW DELHI: Finance minister Nirmala Sitharaman is expected to push tax authorities to ensure the timely refund of income tax, GST, and export-related dues, while flagging the long pendency in investigation by the Directorate General of GST Investigation (DGGI).Sitharaman is due to meet top officials of the Central Board of Indirect Taxes and Customs next Friday, followed by a similar …
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AI generated representative image NEW DELHI: In a landmark move poised to transform India’s indirect tax dispute resolution system, the Central government has notified the Goods and Services Tax Appellate Tribunal (Procedure) Rules, 2025, paving the way for the long-awaited operationalization of the GST Appellate Tribunal (GSTAT). Notified under Section 111 of the Central Goods and Services Tax (CGST) Act, …
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New Delhi: Finance ministry on Friday left interest rates unchanged on various small savings schemes, including PPF and NSC, for the fifth straight quarter beginning April 1, 2025. As per the notification, deposits under Sukanya Samriddhi scheme will attract an interest rate of 8.2%, while the rate on a three-year term deposit remains at 7.1% prevailing in the current quarter. …
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MUMBAI: On the heels of the income tax cut announced in the Union Budget, finance minister Nirmala Sitharaman on Saturday said a reduction in goods and services tax (GST) is in the offing, but remained tight-lipped on reduction in capital gains tax, citing resumption of the Parliament session next week.In a fireside chat at The Economic Times Awards for Corporate …
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