GST

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.

Aug 26, 2025

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.

Aug 26, 2025

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.

Aug 23, 2025

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.

Aug 21, 2025

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.

Aug 20, 2025

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.

Aug 19, 2025

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.

Aug 19, 2025

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.

Aug 18, 2025

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.

Aug 15, 2025

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.

Aug 11, 2025

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

GST enters 8th year after rollout with record collections, thumbs up from 85 pc taxpayers

GST has transformed the logistics industry. Long queues of trucks at state borders and corruption-prone checkpoints have become a thing of the past. Goods now move faster and more freely across state lines.

Jun 30, 2025

GST collection jumps 7.7 pc in June to Rs 1.74 lakh crore

India's gross GST collection rose to Rs 1.74 lakh crore in June this year which represents a 7.7 per cent increase over the same month last year, according to sources.

Jul 2, 2024

RBI Governor confident of India's progress, says on path to steady 8% GDP growth

RBI Governor Shaktikanta Das sees India moving ahead towards an 8 per cent GDP growth trajectory on a sustained basis, driven by structural economic reforms such as GST.

Jun 26, 2024

GST Council recommends uniform 12 per cent GST on milk cans, cartons, water sprinklers

The GST Council meeting held on Saturday recommended a uniform GST rate of 12 per cent on all milk cans whether they be made of steel, iron, or aluminum, Finance Minister Nirmala Sitharaman said.

Jun 22, 2024

Railway tickets to be cheaper as exempted from GST

The GST Council meeting chaired by Finance Minister Nirmala Sitharaman on Saturday decided to exempt services provided by Indian Railways from GST.

Jun 22, 2024

Centre calls media reports on hike in medicine prices 'false & misleading'

The Union Ministry of Health and Family Welfare on Wednesday said that media reports claiming a significant hike in medicine prices are "false, misleading and malicious".

Apr 4, 2024

Retirement age of GST Appellate Tribunal chief, members raised [Details]

The GST Council at its meeting held on Saturday recommended an increase in the retirement age of the president and members of the GST Appellate Tribunal.

Oct 7, 2023

GST Council scraps tax on millet flour; 2023 declared as 'Year of the Millet'

In the year of the millet, the GST Council on Saturday exempted millet flour from GST.

Oct 7, 2023