Indian economy to grow 6.4-6.7% in FY26 amid geopolitical risks, says CII president; 3-tier GST structure backed
  • 04 Jul 2025 05:41 PM
  • New

Indian economy to grow 6.4-6.7% in FY26 amid geopolitical risks, says CII president; 3-tier GST structure backed

Source: https://www.livemint.com/economy/indian-economy-to-grow-6-4-6-7-in-fy26-amid-geopolitical-risks-says-cii-president-calls-for-3-tier-gst-structure-11751548244483.html

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 More
Small-cap Tyre sector stock rises 11%, despite GST notice. Here's what is fueling gains
  • 02 Jul 2025 06:39 PM
  • New

Small-cap Tyre sector stock rises 11%, despite GST notice. Here's what is fueling gains

Source: https://www.livemint.com/market/stock-market-news/smallcap-tyre-sector-stock-rises-11-despite-gst-notice-heres-what-is-fueling-gains-11751445296040.html

Stock 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 More
Centre, states collect ₹1.85 trillion in GST revenue in June—a 4-month low
  • 02 Jul 2025 06:36 PM
  • New

Centre, states collect ₹1.85 trillion in GST revenue in June—a 4-month low

Source: https://www.livemint.com/economy/gst-collection-june-rs-1-85-trillion-domestic-tax-revenue-11751378844298.html

Annual 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 More
Easing working capital under GST: Unlocking the value of accumulated ITC in GST 2.0
  • 01 Jul 2025 06:09 PM

Easing working capital under GST: Unlocking the value of accumulated ITC in GST 2.0

Source: https://economictimes.indiatimes.com/small-biz/gst/easing-working-capital-under-gst-unlocking-the-value-of-accumulated-itc-in-gst-2-0/articleshow/122178987.cms

As 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 More
Why does the Indian stock market expect better Q1FY26 results? Explained with four key reasons
  • 01 Jul 2025 06:00 PM

Why does the Indian stock market expect better Q1FY26 results? Explained with four key reasons

Source: https://www.livemint.com/market/stock-market-news/why-does-the-indian-stock-market-expect-better-q1fy26-results-explained-with-four-key-reasons-11751345790484.html

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.
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.

Read More
Tata Steel receives notice over input tax credit, says claim lacks merit: ‘Already paid GST of ₹514,19,36,211’
  • 30 Jun 2025 06:29 PM

Tata Steel receives notice over input tax credit, says claim lacks merit: ‘Already paid GST of ₹514,19,36,211’

Source: https://www.livemint.com/market/stock-market-news/tata-steel-receives-notice-over-input-tax-credit-says-claim-lacks-merit-already-paid-gst-of-rs-5141936211-11751193380151.html

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 More
Are businesses & GST authorities cashing in on the taste buds of Indian consumers?
  • 30 Jun 2025 06:34 PM

Are businesses & GST authorities cashing in on the taste buds of Indian consumers?

Source: https://www.livemint.com/money/personal-finance/are-businesses-gst-authorities-cashing-in-on-the-taste-buds-of-indian-consumers-11750435286293.html

A 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 More
Mahindra Holidays receives ₹363 crore tax demand notice; stock to be in focus on Monday
  • 30 Jun 2025 06:25 PM

Mahindra Holidays receives ₹363 crore tax demand notice; stock to be in focus on Monday

Source: https://www.livemint.com/market/stock-market-news/mahindra-holidays-receives-rs-363-crore-tax-demand-notice-club-mahindra-stock-to-be-in-focus-on-monday-mahindra-group-11751188829313.html

Mahindra 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 More
India's GST collections hit all-time high of ₹22.08 lakh crore in 2024-25, a 9.4% growth YoY — Details here
  • 30 Jun 2025 06:38 PM

India's GST collections hit all-time high of ₹22.08 lakh crore in 2024-25, a 9.4% growth YoY — Details here

Source: https://www.livemint.com/economy/indias-gst-collections-hit-all-time-high-of-rs-22-08-lakh-crore-in-2024-25-a-9-4-growth-yoy-details-here-11751279198949.html

India'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.

Read More