- 04 Feb 2026 06:48 PM
- New
No GST Penalties, Only Late Fees: Government Clarifies Revenue Details
In response to an unstarred Lok Sabha question, the Ministry of Finance clarified details on revenues from fees and charges related to tax and banking compliance. The Government stated that no fine has been imposed for delayed Aadhaar–PAN linking; however, fees collected for such delays amounted to ₹570.49 crore in FY 2022-23, ₹1,237.94 crore in FY 2023-24, and ₹527.32 crore in FY 2024-25.
Read More- 04 Feb 2026 06:51 PM
- New
Simplified GST Structure Expected to Drive GDP and Formal Economy
In response to a Lok Sabha question, the Government explained that GST 2.0 is designed to support India’s economic growth through a simplified and rationalised tax structure that reduces compliance costs and encourages formalisation. According to the Ministry of Finance, the move towards a simplified two-rate GST structure and lower tax rates on essential goods, healthcare, e-commerce, and emerging sectors is expected to improve affordability, stimulate household consumption, and widen the tax base by drawing small businesses into the formal economy.
Read More- 04 Feb 2026 06:30 PM
- New
16th Finance Commission: What states asked for, and what they got, explained in 6 charts
The 16th Finance Commission has decided how centre’s tax revenues will be distributed among states for the next 5 years. State submissions to the panel show both convergence and divergence.
Read More- 04 Feb 2026 06:34 PM
Electric 2-wheelers to see 16-18 pc volume growth in FY28 as rare-earth supply eases: Crisil Ratings
New Delhi, Feb 4 (PTI) The easing of rare-earth supply is expected to drive electric two-wheeler volume growth in India to 16-18 per cent next fiscal after moderating to 12-13 per cent in the ongoing fiscal due to supply chain constraints, according to Crisil Ratings.
Read More- 04 Feb 2026 06:40 PM
जीएसटी अपीलीय ट्रिब्यूनल में उत्पन्न समस्याओं के संबंध में ज्ञापन
यह कि जीएसटी के अंतर्गत अपीलीय ट्रिब्यूनल ट्रिब्यूनल की स्थापना हो चुकी है ।तथा करदाता और टैक्स प्रोफेशनल ट्रिब्यूनल में अपील फाइल कर रहे हैं। लेकिन कई समस्याएं उत्पन्न हो रही है जिसका कारण जीएसटी अपीलीय ट्रिब्यूनल का पोर्टल सही तरीके से कार्य नहीं कर रहा है ।
Read More- 04 Feb 2026 06:45 PM
No Formal Study on GST Cuts’ Sectoral Impact, Says Government
Source: https://taxguru.in/goods-and-service-tax/formal-study-gst-cuts-sectoral-impact-government.html
In response to two Lok Sabha questions, the Ministry of Finance clarified the impact and assessment of recent GST rate reductions. The Government stated that no formal, sector-specific study has been conducted to measure the impact of GST cuts on manufacturing, services, MSMEs, or specific sectors such as textiles, automobiles, and hospitality in Maharashtra, nor on employment generation or consumer demand.
Read More- 04 Feb 2026 06:43 PM
GST Rates on Assistive Devices for Disabled Persons Clarified in Parliament
In response to a Lok Sabha question, the Ministry of Finance clarified that GST rates on assistive devices for persons with disabilities are determined solely on the recommendations of the GST Council. The Government stated that a wide range of assistive and rehabilitation devices—including wheelchairs, orthopaedic appliances, mobility aids, Braille equipment, cochlear implants, assistive listening devices, and educational aids—currently attract a concessional GST rate of 5%, while hearing aids and their parts are fully exempt (Nil GST).
Read More- 04 Feb 2026 06:02 PM
GST cuts lifted Indian automakers out of slump. Now they face a commodity storm
Maruti and Hyundai to TVS flag pressure on margins from rising prices of aluminium, copper and steel. The companies have either increased prices or are planning hikes in January-March.
Read More- 03 Feb 2026 06:48 PM
No ICE blues for Ather as it inches closer to profitability
New Delhi: Ather Energy Ltd reported record revenue in the December quarter and inched closer to profitability even as electric two-wheeler penetration fell in the festive quarter after tax cuts on fossil fuel-powered vehicles.
Read More- 03 Feb 2026 06:51 PM
Tough ride for Creta, muted GST gains: How Hyundai is navigating a rocky road
For Hyundai investors willing to bet on the brighter outlook, it helps that the 25% correction from the peak price of ₹2,890 on 22 September has made valuation attractive
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