- 07 Feb 2026 05:58 PM
- New
Petition for Rationalisation of Fees Prescribed for GST Appellate Tribunal (GSTAT)
The Sales Tax Bar Association (Regd.), New Delhi submitted multiple petitions on 4 February 2026 to key authorities seeking urgent rationalisation of appeal and application fees prescribed for the Goods and Services Tax Appellate Tribunal.
Read More- 06 Feb 2026 07:04 PM
- New
Hero MotoCorp posts highest-ever quarterly revenue as GST cuts spur demand
Hero MotoCorp, India's largest two-wheeler maker, on Thursday said its profit rose 15% year-on-year to ₹1,275 crore in the third quarter of financial year 2026 (FY26), while revenue climbed 21% to ₹12,784 crore.
Read More- 06 Feb 2026 06:32 PM
- New
JLR weighs on Tata Motors PV in Q3 as cyberattack costs reach £260 million
Even as its India business significantly grew both revenue and profit due to federal tax cuts and a festive season rush, Tata Motors Passenger Vehicles Ltd’s consolidated numbers in the October-December quarter were pulled down by the impact of a cyber attack on its UK-based subsidiary Jaguar Land Rover (JLR).
Read More- 06 Feb 2026 06:44 PM
LIC takes ₹1,400 crore hit from loss of GST-linked input tax credit
Life Insurance Corp. (LIC) has taken a hit of ₹1,400 crore due to the loss of input tax credit after certain life and health plans were exempted from the goods and services tax (GST).
Read More- 05 Feb 2026 06:31 PM
Impact of GST Exemption on Insurance Premiums
Source: https://taxguru.in/goods-and-service-tax/impact-gst-exemption-insurance-premiums.html
In a reply to an unstarred question in the Rajya Sabha, the Government stated that, based on recommendations of the GST Council, GST exemption was granted on all individual life insurance and individual health insurance policies (including family floater) along with their reinsurance, effective from 22 September 2025.
Read More- 04 Feb 2026 06:51 PM
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 06:48 PM
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 06:30 PM
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 06:40 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 06:34 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.
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