Topic
gst
Business GST Boost: Maharashtra Emerges as India’s Top State Tax Contributor, Says India Ratings
Maharashtra has become the largest contributor to state tax revenue under GST, driven by high consumption and a large services sector. India Ratings & Research reports a sharp improvement in tax buoyancy and a doubling of the taxpayer base since the reform. The state's share rose to 20.4% in the post-GST period.
Business Centre Extends GSTAT Appeal Deadline to July 31 After Portal Glitches
The Centre has extended the GSTAT appeal deadline to July 31, 2026 due to portal glitches from a surge in filings. Over 30,000 appeals were filed in the last 15 days. Taxpayers are advised to file early to avoid congestion.
Business GST Rate Reset Drives Consumption Boost and Higher Tax Collections in India
India's GST rate rationalisation, the biggest reset since the tax's launch, has spurred consumption and increased monthly tax collections to an average Rs 1.1 lakh crore, up from Rs 1.01 lakh crore, despite the average tax rate falling from 14.4% to 12.8%. Taxable supply rose over 22% post-reset, with volume growth of up to 60% in precious metals and 21% in vehicles.
Business Nine Years of GST: One Tax, One Market, Many Transformations
The Goods and Services Tax (GST), launched on July 1, 2017, has transformed India's indirect tax system. Nine years on, the taxpayer base has expanded from 66.5 lakh to 1.65 crore, gross collections have risen from Rs 7.4 lakh crore to Rs 22.27 lakh crore, and the rate structure has been rationalised from four slabs to two. The digital GSTN platform has improved compliance and transparency, while the GST Council continues to drive cooperative federalism, according to government data and experts.
Trade India's GST at 9: Experts Urge Reforms to Boost Auto Industry Export Competitiveness
As India's GST completes nine years, tax experts urge targeted reforms to resolve inverted duty structures on EVs, legacy cess credits, and refund inefficiencies. These changes aim to boost export competitiveness for India's third-largest automobile market, which contributes 7% to GDP and supports 37 million jobs.
Business GST Revenue Grows 13.9% in June to Rs 1.94 Lakh Crore, Driven by Import Taxes
India's gross GST collections rose 13.9% year-on-year to Rs 1,94,812 crore in June 2026, driven by a 34.6% surge in import-related tax revenue. Net GST after refunds increased 11.2% to Rs 1,62,377 crore. The Finance Ministry data also showed strong domestic growth of 6.5% and higher refund disbursements, signalling improving tax administration.
Business At 14%, GST collections in June grow fastest in 8 months, driven by import surge
India's GST collections grew 13.9% in June, the fastest in eight months, reaching Rs 1,94,812 crore, driven by a 35% surge in import IGST from rising crude and fertiliser prices. Domestic collections rose 6.5%, while net collections after refunds stood at Rs 1,62,377 crore, up 11.2%.
Regulations & Compliance Firm Moved to a New GST Jurisdiction? CBIC Clarifies How Pending Cases Will Be Handled
The Central Board of Indirect Taxes and Customs (CBIC) has issued a circular clarifying that when a registered taxpayer moves to a new GST jurisdiction, the new jurisdictional authority will take over and complete all ongoing proceedings—including investigations, audits, show cause notices, and adjudications—from the stage at which they were transferred. This removes ambiguity that previously caused jurisdictional objections and delays.
Business GST Collection Growth Slows to 3.2%, Lowest in Six Months
India's GST collection growth decelerated to 3.2% in May, marking the slowest pace in six months. The total collection stood at Rs 1,94,184 crore, with domestic revenue declining by 2.6%. Adjusted for a one-time telecom payment, the growth would have been 9%.
Business India's GST Revenue Climbs 3.2% to Rs 1.94 Lakh Crore in May
India's gross GST collections rose by 3.2% year-on-year to over Rs 1.94 lakh crore in May, driven primarily by a 19.1% increase in import revenues. Despite a decline from April's record collections, the growth underscores the significant role of imports in the country's tax revenue.