- 27 Aug 2025 06:10 PM
- New
GST Collection in Dadar and Nagar Haveli, Daman and Diu
Source: https://taxguru.in/goods-and-service-tax/gst-collection-dadar-nagar-haveli-daman-diu.html
In a Lok Sabha reply dated 18 August 2025, the Ministry of Finance provided details on GST collections and compliance in the Union Territory of Dadra and Nagar Haveli and Daman and Diu. The Union Territory recorded a total gross GST collection of ₹27,900 crore between 2017–18 and July 2025. Annual collections rose from ₹2,140 crore in 2017–18 to ₹4,410 crore in 2024–25, with ₹1,652 crore collected up to July 2025 in the current financial year. The figures reflect consistent growth, barring a dip in 2020–21 during the pandemic period.
Read More
- 27 Aug 2025 06:02 PM
- New
GST On Plant-Based Food Alternative
Source: https://taxguru.in/goods-and-service-tax/gst-plant-based-food-alternative.html
In a Rajya Sabha reply dated 19 August 2025, the Ministry of Finance addressed a query on the Goods and Services Tax (GST) treatment of plant-based food alternatives such as meat, dairy, and egg substitutes. The government confirmed that a representation had been submitted by the Plant Based Foods Industry Association, forwarded by the Ministry of Food Processing Industries. The request sought a reduction in GST rates on these products and the introduction of separate HSN codes to align them more closely with animal-derived counterparts that are taxed at lower or nil rates.
Read More
- 27 Aug 2025 05:45 PM
- New
US tariffs: Govt assistance on the lines of PLI critical for micro & small sectors, says leading trade economist
The smaller players are facing the third big impact in the last 10 years after the GST and pandemic; most of these sectors are self-employed and would need pandemic era-like sops, or else, they would simply disappear, adding to mounting unemployment, says Biswajit Dhar.
Read More
- 27 Aug 2025 05:54 PM
GST Burden on Consumers: Income-Wise Data Not Maintained
Source: https://taxguru.in/goods-and-service-tax/gst-burden-consumers-income-wise-data-maintained.html
The Indian Ministry of Finance, in a Rajya Sabha unstarred question, addressed the claim that the bottom 50% of consumers bear the same Goods and Services Tax (GST) burden as the middle 30%. The Ministry stated that it does not maintain income group-wise GST collection data, making it impossible to confirm or deny the claim directly. The response clarified that GST is a consumption tax, collected by suppliers from consumers. To mitigate the tax impact on essential items, the government has exempted goods and services of mass consumption, such as unpackaged food grains, fruits and vegetables, education, and healthcare. Additionally, items like edible oil, life-saving medicines, and fertilizers are taxed at a reduced rate of 5%. This tiered system is intended to lower the tax incidence on everyday necessities.
Read More
- 27 Aug 2025 05:59 PM
GST Revenue And Compliance In Recycling Sector
Source: https://taxguru.in/goods-and-service-tax/gst-revenue-and-compliance-in-recycling-sector.html
In response to a Rajya Sabha question on GST revenue and compliance in the recycling sector, the Ministry of Finance provided data on entities registered under GST for dismantling, recycling, shredding, or refurbishing of electrical, electronic, and battery waste. According to the official reply dated 19 August 2025, the number of registered entities under HSN code 8549 (electrical and electronic waste and scrap) has increased substantially over the past five years, from 396 in 2020–21 to 10,198 in 2024–25. Correspondingly, GST collections from this segment also rose, though not in a linear pattern: ₹0.32 crore in 2020–21, ₹4.61 crore in 2021–22, ₹43.48 crore in 2022–23, peaking at ₹132.24 crore in 2023–24, and slightly declining to ₹117.35 crore in 2024–25.
Read More
- 27 Aug 2025 05:18 PM
India’s GST database is a gold mine for just-in-time policy responses
In an economy as vast as India’s, timing is everything. Policymakers need to know not just what is happening, but when. Yet, our most important measure of economic performance, gross domestic product (GDP), has a timeliness of two months to one year. Quarterly GDP figures arrive two months after the period they pertain to. By then, the ground reality may already have changed.
Read More
- 27 Aug 2025 05:41 PM
Flipkart under preliminary tax probe for allegedly recasting marketplace fees as transport charges
Source: https://www.livemint.com/companies/flipkart-gst-probe-billing-practices-11756188756423.html
Flipkart is under preliminary investigation over allegations that the Walmart-owned online marketplace altered its billing structure in a way that could reduce its goods and services tax liability, two tax investigators said.
Read More
- 27 Aug 2025 05:37 PM
Stock market crash: Can Nifty 50 touch 24,000 amid renewed fear of Trump's tariffs on India?
In the absence of a deal, market sentiment has turned cautious. Global pressures, including a weaker rupee and the potential for rising crude oil prices, are weighing particularly on export-dependent sectors.
Read More
- 27 Aug 2025 05:13 PM
Food Ministry forwards veg oil GST refund request to Finance Ministry
New Delhi, Aug 26 (PTI) The food ministry has forwarded the vegetable oil industry's request to the finance ministry, seeking to lift tax refund restrictions with hopes that the GST Council will consider the issue at its next meeting, Food Secretary Sanjeev Chopra said on Tuesday.
Read More
- 27 Aug 2025 05:32 PM
Consumer companies prepare for festive season amid GST concerns
While footfalls and retail activity have picked up since mid-August, many consumers are holding off purchases in anticipation of lower tax rates.
Read More