Sitharaman: Customs overhaul is govt's next big reform focus
Finance Minister Nirmala Sitharaman signals a major customs framework simplification for easier compliance. Announcements likely in Budget 2026. Read more on India's economic plans.
Category : Search result: GST India
Tax Revenues Jump 30%, But Spending Still Outruns Income
India's tax revenues soared 30% in the first half of FY25, yet government expenditure grew faster, widening the fiscal deficit. Explore the details and implications for the economy.
Karnataka GST growth moderates to 3% in October
Karnataka's GST collection growth moderated to 3% in October after a 10% surge in September. Analysts attribute the drop to post-festive normalization. Read more on the state's revenue trends.
Accountant held for Rs 11 crore fake GST invoice fraud in Noida
A 27-year-old accountant from Bihar was arrested in Noida for generating fake invoices worth Rs 11 crore and fraudulently claiming Rs 2 crore in GST refunds. Read the full investigation details.
New Tobacco Tax Regime Targets Pan Masala Variants
FM Nirmala Sitharaman explains new Health & National Security Cess to replace GST compensation levy. Bill aims to stop tax evasion on pan masala, secure funds for public health and defence. Read more.
Fitch Upgrades India's GDP Growth Projection to 7.4%
Fitch Ratings revises India's GDP growth forecast upward to 7.4% for FY25, citing strong domestic demand and GST reforms. Discover the key drivers behind this optimistic outlook.
Fitch ups India's FY26 GDP growth forecast to 7.4%
Fitch Ratings revises India's GDP growth forecast for FY26 to 7.4%, citing strong consumer spending and GST reforms. It also predicts a December RBI rate cut to 5.25%. Read the full analysis.
Ludhiana Furnace Units Hit by GST Notices Over Bogus Billing
More than 40 induction furnace industrialists in Ludhiana receive GST notices for alleged bogus billing. The industry association plans to challenge the move, citing procedural flaws.
MPs Reveal Tobacco Quit Struggles in Parliament Tax Debate
Lok Sabha MPs shared personal battles to quit tobacco during a debate on the Central Excise (Amendment) Bill, 2025, which proposes a new tax structure on tobacco products.
Cement firms push premium products as price war looms
India's cement majors are boosting premium offerings to protect margins post-GST cut, but analysts warn of an unsustainable strategy and looming price competition in the segment.
Andhra Pradesh GST Revenue Declines 4.6% in Nov 2025
Andhra Pradesh sees a 4.6% drop in net GST collections for November 2025 following GST 2.0 rate cuts. Chief Commissioner Babu Ahmed cites lower yields despite volume growth. Read the full analysis.
Manipur GST Bill Passed in Rajya Sabha
Rajya Sabha returned the Manipur GST bill to Lok Sabha, with Finance Minister Nirmala Sitharaman highlighting its benefits. The opposition staged a walkout during the discussion.
Chandigarh GST up 6% in Nov 2025, Rs 243 Crore Collected
Chandigarh's GST revenue grew 6% to Rs 243 crore in November 2025 compared to last year. However, October saw a 4% dip. Explore the city's tax collection trends and economic implications.
November GST Mop-Up at ₹1.7 Trillion, Down from October
India's November GST collections fell to ₹1.7 trillion, raising questions on the stimulus effect of recent rate cuts. Read our analysis on the revenue trend and what it means for the economy.
GST Mop-Up Moderates in Nov After Rate Rationalisation
GST collections grew marginally by 0.7% in November, reflecting the impact of recent rate cuts. Officials remain optimistic, citing a boost in consumption and taxable turnover.
Maharashtra Lost Rs 12,000 Cr in GST Cuts: Ajit Pawar
Deputy CM Ajit Pawar reveals Maharashtra suffered Rs 10,000-12,000 crore revenue loss due to PM Modi's GST rate cuts but supported the pro-poor move. Details on state's financial strategy inside.
Gujarat GST Mop-up Rises 9%, Hits Rs 52,390 Crore
Gujarat's GST collection grew 9% to Rs 52,390 crore in April-November FY26. November saw Rs 6,723 crore GST, with enforcement revenue surging 61.7%. Read the full state tax report.
Lok Sabha passes Manipur GST Bill amid protests
Lok Sabha passed the Manipur GST Bill and introduced new cess bills on tobacco products. The session faced adjournments due to opposition protests demanding discussion on electoral roll revision.
Manipur GST Bill 2025 Replaces October Ordinance
Finance Minister Nirmala Sitharaman tables the Manipur GST (Second Amendment) Bill, 2025, to replace the ordinance promulgated on October 7. Get the latest details on the parliamentary move.
GST Collection Growth Slows to 0.7% in November
India's GST revenue grew at a slower pace of 0.7% to Rs 1.70 lakh crore in November. Domestic transactions and services imports show mixed trends. Read the full analysis.
GST Collections Reach ₹1.7 Trillion in November 2025
India's gross GST revenue rose to ₹1.7 trillion in November 2025, marking a 0.7% year-on-year increase, driven by lower tax rates. Get the latest economic updates and analysis.
Sitharaman Tables Manipur GST Amendment Bill 2025
Finance Minister Nirmala Sitharaman introduces the Manipur GST (Second Amendment) Bill, 2025, in Parliament to replace the October ordinance. Key legislative move for state taxation.
Manipur GST Bill Passed, Implements New Tax Slabs
Lok Sabha approves Manipur GST Amendment Bill 2025, replacing the October ordinance. The move aligns state law with the new 5% and 18% tax slabs set by the GST Council. Read the full details.
India Q2 GDP Growth Hits 8.2%, Exceeds RBI Forecast
India's economy grew at 8.2% in Q2 FY25, surpassing RBI projections. With inflation controlled, MPC faces rate cut decision amid GST reforms and US tariff impacts. Read analysis.
Ahmedabad GST Bust: Rs 800 Crore Fake Invoice Racket
Ahmedabad DGGI uncovers massive Rs 800 crore fake GST invoicing network across 3 cases. Four key conspirators arrested in major crackdown on economic fraud. Read the full investigation details.
J&K HC: Cross-LoC Trade is Intra-State, Not Import
Jammu and Kashmir High Court declares cross-LoC trade as intra-state commerce, rejecting import-export classification. Landmark ruling affirms PoK as Indian territory with GST implications.
India GDP grows 8.2% in Q2, fastest major economy
India's economy grew at 8.2% in July-September 2025-26, marking six-quarter high. Finance Minister Sitharaman credits reforms and fiscal consolidation for robust growth.
CEA: Labour Codes, GST Reforms Enhance Economic Efficiency
Chief Economic Adviser V Anantha Nageswaran highlights how labour codes and GST rationalization are driving India's economic growth and efficiency. Learn about the reforms shaping India's future.
India's Economy Poised to Grow Over 7% This Fiscal
India's economy is set to grow at over 7% this fiscal with GDP crossing $4 trillion in FY26, driven by strong manufacturing and services expansion. Read more about the growth trajectory.
Cement Firms Focus on Volumes as Prices Remain Flat
Indian cement companies shift to volume-led growth as prices stagnate despite GST cut. Demand recovery expected in December amid rising competitive pressure from capacity expansions.
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