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
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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.

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Request for GST Appeal Time Extension under Section 107
  • 26 Jun 2025 06:00 PM
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Request for GST Appeal Time Extension under Section 107

Source: https://taxguru.in/goods-and-service-tax/request-gst-appeal-time-extension-section-107.html

Representation by East Delhi Advocates Forum (Regd.) before the Hon’ble Finance Minister and before the GST Council for One-Time Extension of Time Limit for Filing First Appeal under Section 107 of the CGST Act for Assessment Years 2017-18 to 2020-21.

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CBIC streamlines appeals against tax orders
  • 26 Jun 2025 05:33 PM
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CBIC streamlines appeals against tax orders

Source: https://www.livemint.com/news/india/cbic-dggi-business-goods-and-services-tax-gst-11750845360639.html

The CBIC has assigned senior officials to handle appeals, improving procedural clarity and reducing litigation uncertainty across various sectors targeted by GST investigations.

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GST@8: Why businesses like GST and what they want next
  • 26 Jun 2025 05:37 PM

GST@8: Why businesses like GST and what they want next

Source: https://www.livemint.com/news/india/gst8-businesses-call-for-next-round-of-reforms-in-disputes-refunds-tax-ecosystem-deloitte-telecommunications-11750860489580.html

A Deloitte survey reveals 85% of businesses have a positive view of GST, with digital compliance being the biggest benefit. Industry leaders advocate reforms to improve dispute resolution and audit consistency

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Cess on that fancy car may go, but prices won't budge. Here's why.
  • 25 Jun 2025 06:44 PM

Cess on that fancy car may go, but prices won't budge. Here's why.

Source: https://www.livemint.com/industry/gst-cess-luxury-sin-goods-12-slab-cars-tobacco-fizzy-beverages-finance-commission-sitharaman-real-estate-gaming-tax-11750752959520.html

It's been eight years of compensation cess on costly cars, tobacco and fizzy beverages. The Centre is willing to end the cess in March, but it may continue in another form, this time within GST itself.

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FM outlines measures to enhance GST registration, grievance redressal
  • 24 Jun 2025 06:19 PM

FM outlines measures to enhance GST registration, grievance redressal

Source: https://taxguru.in/goods-and-service-tax/fm-outlines-measures-enhance-gst-registration-grievance-redressal.html

Union Finance Minister Smt. Nirmala Sitharaman chaired the CBIC Conclave in New Delhi, emphasizing simplified GST registration, expedited grievance redressal, and improved trade facilitation. The Minister directed CBIC to focus on targeted awareness campaigns for taxpayers, especially regarding documentation for GST registration and the principal place of business, while reducing rejections and delays. Key statistics presented included a 94.3% GSTR-3B filing compliance rate, 85% refund processing within statutory timelines, and increased GST audit coverage to 88.74%. Customs zones achieved an 86% facilitation rate for cargo through the Risk Management System.

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Close investigations swiftly, speed up refunds: finance minister tells tax officials
  • 21 Jun 2025 06:00 PM

Close investigations swiftly, speed up refunds: finance minister tells tax officials

Source: https://www.livemint.com/news/finance-minister-tax-reforms-swift-refunds-investigations-ease-of-doing-business-11750432207240.html

Nirmala Sitharaman wants the Central government’s indirect tax administration to ensure that ease of doing business and ease of tax compliance remain the tax administration’s guiding principle.

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India’s informal sector isn’t off the map: It’s being tracked better than ever
  • 20 Jun 2025 06:17 PM

India’s informal sector isn’t off the map: It’s being tracked better than ever

Source: https://www.livemint.com/opinion/online-views/india-gdp-measurement-niti-aayog-world-bank-informal-sector-national-account-statistics-ministry-of-statistics-nss-mospi-11750247868584.html

Recently, Indian GDP measurement came under considerable discussion in the media on account of an observation emanating from the Niti Aayog based on a projection made by the World Bank—that India has become the world’s fourth largest economy. As part of this discussion, some commentators speculated that Indian GDP is underestimated because “a very significant informal sector is not measured in the GDP." This allegation can be fairly easily dismissed.

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India’s informal sector isn’t off the map: It’s being tracked better than ever
  • 19 Jun 2025 06:08 PM

India’s informal sector isn’t off the map: It’s being tracked better than ever

Source: https://www.livemint.com/opinion/online-views/india-gdp-measurement-niti-aayog-world-bank-informal-sector-national-account-statistics-ministry-of-statistics-nss-mospi-11750247868584.html

Recently, Indian GDP measurement came under considerable discussion in the media on account of an observation emanating from the Niti Aayog based on a projection made by the World Bank—that India has become the world’s fourth largest economy. As part of this discussion, some commentators speculated that Indian GDP is underestimated because “a very significant informal sector is not measured in the GDP." This allegation can be fairly easily dismissed.

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US-China trade war blows hot and cold for India
  • 18 Jun 2025 05:37 PM

US-China trade war blows hot and cold for India

Source: https://www.livemint.com/economy/trade-shift-india-exports-more-to-us-and-imports-more-from-china-global-realignment-11750089925689.html

New Delhi: The US-China trade war is showing early signs of a realignment in global trade flows—including more Chinese exports being redirected to India, raising alarm among experts, even as India’s shipments to the US surged.

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