GST collection growth slumped in June due to reduced mop-up from domestic and imported items, while investment appetite clocked its worse April-June performance in several years. Meanwhile, the central government has approved a scheme to support employment generation in the country.
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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.
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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.
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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
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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.
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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.
Annual revenue from GST, introduced on 1 July 2017, has doubled to ₹22.08 trillion in FY25 from five years ago.
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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.
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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.
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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.
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