India's economy is projected to grow 6.4-6.7 per cent this financial year, driven by strong domestic demand and liquidity boost, according to CII President Rajiv Memani. He called for a simplified GST structure, advocating for rate rationalisation.
Read MoreStock Market Today: Small-cap Tyre sector stock gained more than 11% during the intraday trades on Wednesday, despite the GST notice. Here's what is fueling gains for TVS Srichakra Ltd.'s share price
Read MoreAnnual GST revenues have nearly tripled from ₹7 trillion in FY18 to ₹22 trillion in FY25, the finance ministry said on the eighth anniversary of the GST rollout.
Read MoreAs India marks eight years of GST, businesses urge reforms to boost working capital efficiency. A Deloitte survey reveals growing confidence in GST, but highlights the need for changes to unlock liquidity and streamline tax credit mechanisms. Addressing challenges like unutilised ITC and complex refund processes is crucial for operational agility.
Read MoreAnnual revenue from GST, introduced on 1 July 2017, has doubled to ₹22.08 trillion in FY25 from five years ago.
Read MoreQ1FY26 results preview: India's GST collection reached a record ₹22.08 lakh crore in FY25, reflecting strong economic activity. Inflation averaged 4.8%, easing cost pressures. Q1FY26 is expected to show better corporate performance due to low base effects and RBI rate cuts.
Q1FY26 results preview: India's GST collection reached a record ₹22.08 lakh crore in FY25, reflecting strong economic activity. Inflation averaged 4.8%, easing cost pressures. Q1FY26 is expected to show better corporate performance due to low base effects and RBI rate cuts.
Tata Steel received a show-cause notice along with a tax demand from the Officer of the Commissioner (Audit) of Central Tax, Ranchi. The company now has 30 days to show in front of the Additional or Joint Commissioner of Central GST and Central Excise of Jamshedpur, Jharkhand.
Read MoreA pinch of turmeric in milk or a sprinkle of caramel on popcorn may seem like simple indulgences. But under India’s Goods and Services Tax (GST) system, these “value additions" often invite a much higher tax rate. As food entrepreneurs innovate and package convenience into every bite, tax authorities seem equally inventive—serving up increasingly steep GST slabs in return.
Read MoreMahindra Holidays & Resorts India Ltd, on 28 June 2025, received a ₹363 crore state tax notice along with a show cause demand from the State Tax Officer of Tamil Nadu. Shares closed higher last week after Friday's stock market session.
Read MoreIndia's GST collections hit an all-time high of ₹22.08 lakh crore in the 2024-25 financial year. The collections doubled in the last five years when compared to the 2020-21 fiscal year levels.
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