GST

India's economy to clock robust 6.6 pc growth in FY26 despite external headwinds: IMF

Union Budget 2026-27: CII outlines 4-point strategy for macroeconomic stability

According to a CII statement, at the core of the roadmap is adherence to the government's debt glide path targeting 50 per cent (plus or minus 1 per cent) of GDP by FY31. Maintaining Central debt at roughly 54.5 per cent of GDP and the fiscal deficit at 4.2 per cent of GDP in FY27 will preserve macro credibility while supporting growth. 3 hours ago
UltraTech Cement faces Rs 390 crore GST demand

UltraTech Cement faces Rs 390 crore GST demand

Along with this, the company has also been asked to pay a penalty of a similar amount and interest of around Rs 28 lakh. In a regulatory filing, UltraTech Cement Ltd said the demand relates to alleged short payment of Goods and Services Tax, improper use of input tax credit and other related issues. 3 days ago
IPO Boom 2025: India's IPO market set to cross Rs 1 lakh crore for third time

India's IPO proceeds hit record Rs 1.77 lakh crore in 2025

India's financial markets are heading into 2026 with renewed confidence, with notable surges in recent months and a resilient macroeconomic environment. This sharp turnaround was fuelled by multiple domestic triggers, including the GST 2.0 rate rationalisation that accelerated consumption across discretionary categories, a surge in manufacturing activity reflected in a two-month high PMI of 58.4. 16 days ago
High frequency indicators show GST cuts have accelerated growth: Centre

High frequency indicators show GST cuts have accelerated growth: Centre

E-way bill generation expanded by 14.4 per cent during September and October 2025 on a year-on-year basis. At the same time, cumulative GST collection growth of 9 per cent for April–October 2025 indicates that the underlying revenue stream has remained resilient, aided by firm consumption and improved compliance. 28 days ago
GST reforms, festive season drive UPI payments, stimulate private consumption

GST reforms, festive season drive UPI payments, stimulate private consumption

The UPI saw 31 per cent transaction count growth (year-on-year) at 19.63 billion in the month of September — with 21 per cent growth in transaction amount at Rs 24.90 lakh crore, the National Payments Corporation of India (NPCI) data showed. Month-wise too, UPI witnessed a growth in transaction amount, from Rs 24.85 lakh crore in August. Oct 31, 2025
GST Council Meet May Signal Major Rejig in Tax Slabs, Cess Policy

From coffee to drones, GST rejig to boost Karnataka's economy

Karnataka is responsible for approximately 71 per cent of India's coffee production in Kodagu, Chikkamagaluru, and Hassan. Tax reforms could cut retail prices by 11–12 per cent and enhance margins for small processors and cooperatives. Tax reforms reduce prices on coffee extracts, instant coffee, UHT milk, paneer, ghee, butter, processed cashew nuts, coir products, and processed fish, with estimated retail price drops of 5–12 per cent based on the product. Oct 24, 2025
Strong Q2 growth, GST reforms to help India's growth expand at 6.6 pc this year: IMF

Strong Q2 growth, GST reforms to help India's growth expand at 6.6 pc this year: IMF

"Economies in the Asia-Pacific region have been resilient in 2025, posting stronger-than-expected economic growth in the first half of the year amid external and domestic challenges. Nevertheless, higher US tariffs and increasing protectionism will likely reduce demand for Asian exports and eventually weigh on growth in the near-term," said the IMF. Oct 24, 2025
Domestic equity markets

Domestic equity markets gain momentum on back of resilient Q1 GDP data: Report

"Sentiment was further boosted as the GST Council simplified the existing four tax slabs (5, 12, 18, 28 per cent) into a two-rate structure of 5 per cent and 18 per cent -- and proposed a special 40 per cent slab for select luxury items such as high-end cars, tobacco, and cigarettes," ICRA Analytics said in its report. Oct 22, 2025
Karva Chauth 2025: GST 2.0 Booster Drives Sales Surge to ₹28,000 Crore

Karva Chauth 2025: GST 2.0 booster drives sales surge to Rs 28,000 crore

Member of Parliament from Chandni Chowk and CAIT Secretary General, Praveen Khandelwal, said that based on the heavy consumer rush seen on Thursday and Friday, along with feedback from across the country, total business on Karva Chauth is expected to reach about Rs 28,000 crore nationwide and around Rs 8,000 crore in Delhi alone. Oct 11, 2025
From sugar to IT exports, GST rejig to boost Maharashtra's economy

From sugar to IT exports, GST rejig to boost Maharashtra's economy

The GST reduction on refined sugar from 12 per cent to 5 per cent will lower sugar prices by around 7 per cent at whole sale level, benefiting India's largest sugar producer-Maharashtra's sugar belt, comprising of Kolhapur, Sangli, Satara, Pune, Solapur, and Ahmednagar. Oct 5, 2025
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