GST

Stock market ends volatile session slightly lower ahead of GST Council meet

Sensex closed at 80,157.88, down 206.61 points or 0.26 per cent. The 30-share index started the session with a decent gap-up at 80,520.09 against last session's closing of 80,157.88, buoyed by the affirmative SCO summit and strong GST collection data. The index escalated further to touch an intra-day high at 80,761.14; however, it fell into negative territory amid profit booking.

13 hours ago

Over 150 products may see rate cut in GST Council meet this week

The proposals to move various items from the 12 per cent and 18 per cent GST slabs to the 5 per cent slab or to the nil GST category aim to reduce the tax burden for households and boost spending. GST council plans to overhaul the rate structure, replacing the current four-rate structure with a two-rate structure.

19 hours ago

Sensex, Nifty open marginally higher ahead of key GST meet

Among sectoral indices, the Nifty media was the top gainer, rising 0.82 per cent, followed by Nifty Oil & Gas, which gained 0.34 per cent each. Nifty FMCG advanced 0.20 per cent. All other indices were in red, with Nifty IT losing 0.42 per cent.

1 day ago

India's earnings peak still ahead due to GST reforms, macro fundamentals; strong case to re-rate: Report

There is a strong case for re-rating India as it becomes the world's most sought-after consumer market, it will undergo a major energy transition, credit to GDP will rise, and manufacturing could gain share in GDP, global investment bank and financial advisory firm, Morgan Stanley, said in a report.

1 day ago

India's GST collections rise 6.5 pc in Aug to Rs 1.86 lakh crore

The gross domestic revenue grew 9.6 per cent to Rs 1.37 lakh crore, while tax from imports dipped 1.2 per cent to Rs 49,354 crore in August. GST refunds were down 20 per cent year-on-year to Rs 19,359 crore.

1 day ago

Morgan Stanley ups India's GDP growth forecast, expects cut in GST to spur demand

The report also highlighted that the strong monsoon and the kharif sowing levels indicate resilience in the agricultural sector, and should likely support buoyant agricultural growth going forward. For the financial year 2025-26, Morgan Stanley has revised its real GDP growth upwards to 6.7 per cent year-on-year from 6.2 per cent projected earlier.

1 day ago

Indian stock market resilient, US tariffs likely to have minimal impact: Jefferies' Christopher Wood

According to Wood, the plan to rationalise the Goods and Services Tax (GST) structure was long due, but the process accelerated after the US imposed steep tariffs on Indian imports.

4 days ago

GST reforms may offset tariff impact, India remains fastest-growing economy: Fitch Solutions' BMI

It further stated that productivity is projected to grow around 5 per cent over the coming decade, providing substantial momentum to GDP growth.

5 days ago

Nifty could touch 27,609 in the next 12 months: Report

The data compiled by PL Capital in its latest India strategy report said multiple factors, including benign inflation, government tax cuts, normal monsoons, and recent rate reductions by the Reserve Bank of India, are creating conditions for broad-based consumption growth.

7 days ago

GST Authority sends tax demand, penalty of over Rs 40 cr to Eternal

"The Company has received 3 orders on 25 August 2025 for the period July 2017 to March 2020 passed by Joint Commissioner, Appeals-4, Bengaluru, confirming total demand of GST of Rs 17,19,11,762 with interest of Rs 21,42,14,791 and penalty of Rs 1,71,91,177, " Eternal said in an exchange filing.

7 days ago

GST Reforms Fuel Market Confidence Despite Global Headwinds

"However, the rally lost momentum toward the end of the week as investors turned cautious due to profit booking and external headwinds. A spike in the 10-year Indian government bond yield also raised concerns about the fiscal position in light of the GST reforms," said Vinod Nair, Head of Research, Geojit Investments Ltd.

11 days ago

Indian stock market ends higher amid GST rate overhaul

Sensex closed at 82,000.71, up 142.97 points or 0.17 per cent. Continuing the rally for the fourth consecutive session, the 30-share index opened with a decent gap-up at 82,220.46 against last session's closing of 81,857.84. However, the index remained range-bound amid profit booking in the Auto and FMCG sectors.

12 days ago

GST 2.0 to unleash consumption boost, higher tax revenue, lower inflation

"The average revenue loss could come around Rs 85,000 crore. For FY26, it could be at Rs Rs 45,000 crore. Overall headline revenue loss likely to contained with a concomitant shift in sin goods from 28 per cent slab to 40 per cent slab," the report mentioned.

13 days ago

Include mobile phones in 5% GST slab of essential goods: Industry

"The mobile phone is no longer an aspirational good; it is an essential digital infrastructure for education, healthcare, financial inclusion, and governance. It should rightly be taxed at 5 per cent GST, in line with the Prime Minister's GST reform agenda and his vision of a $500 billion electronics ecosystem," said Pankaj Mohindroo, Chairman, ICEA.

14 days ago

Nifty, Sensex open higher amid positive buzz on GST reforms

Sensex gained 195.01 points or 0.24 per cent in the morning session to touch 81,468, while Nifty 50 rose by 46.30 points or 0.19 per cent to 24,923.

15 days ago

Over 100 people arrested for fake GST registrations in 2 fiscal years: Minister

Two special drives against fake Input Tax Credit and fake registrations were launched during the financial year 2023-24 and 2024-25 in coordination between the state and Central GST administrations, Minister of State for Finance, Pankaj Chaudhary, said in a written reply to a question in Lok Sabha.

15 days ago

Explained: Structural GST reforms to bring rate rationalisation, ease of living

"The Central Government is proposing major reforms in GST to build an 'Atmanirbhar Bharat' by focussing on structural reforms, rate rationalisation, and ease of living," PM Modi said. Reforms also aim to reduce classification disputes, correct inverted duty structures in specific sectors, ensure greater rate stability, and improve ease of doing business, an official release said.

18 days ago

Over 31,000 fake ITC cases worth Rs 1.19 lakh crore unearthed in 3 years; crackdown underway

Input Tax Credit (ITC) scams under the GST regime have witnessed a dramatic surge over the past three years, with authorities detecting fraudulent claims worth ₹1,19,286 crore across 31,704 cases. In 2024–25 alone, over 15,000 cases have been registered.

22 days ago

No plan to levy GST on UPI transactions over Rs 2,000; Centre blames K'taka officials for notices

Answering a question about whether the government is considering a proposal to levy GST on UPI transactions of over Rs 2,000, the minister told the House that GST rates and exemptions are decided on the basis of recommendations of the GST Council.

Jul 27, 2025

Bengaluru Police crack Rs 2 crore robbery case; arrest 15 in USDT scam

The investigation revealed a sophisticated scheme orchestrated by a gang that targeted affluent individuals. The modus operandi involved luring victims with the promise of converting their cash into United States Dollar Tether (USDT) digital currency. The gang further enticed their targets by claiming they could double the amount and return it via RTGS premium, inclusive of GST.

Jul 22, 2025