CBIC lays down plan for supportive, people-focused tax regime
  • 10 Jun 2025 06:18 PM
  • New

CBIC lays down plan for supportive, people-focused tax regime

Source: https://www.livemint.com/economy/cbic-tax-plan-gst-customs-excise-duty-tax-administration-indirect-tax-collection-nirmala-sitharaman-11749478134752.html

In a communication to field officers, the CBIC chairperson told different zonal offices to prepare their own annual strategies based on the priorities set by the CBIC.

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DGGI dropping Infosys case signals new approach in granting tax benefit to software exporters
  • 10 Jun 2025 06:22 PM
  • New

DGGI dropping Infosys case signals new approach in granting tax benefit to software exporters

Source: https://www.livemint.com/industry/infosys-gst-case-software-exports-cbic-offshore-branch-exemption-indirect-taxes-it-services-dggi-tax-dispute-11749466761293.html

New Delhi: The move by the Directorate General of GST Intelligence to (DGGI) close ₹32,403-crore of pre-tax proceedings against Infosys Ltd last week goes beyond the simple resolution of a tax dispute.

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E-way bills shoot up to 122.7 million in May, the second-highest on record
  • 10 Jun 2025 06:30 PM

E-way bills shoot up to 122.7 million in May, the second-highest on record

Source: https://www.livemint.com/economy/eway-bill-generation-may-indian-economic-activity-gstn-data-manufacturing-pmi-india-auto-sales-india-rural-demand-11749539089250.html

Data from GSTN, the company that processes GST returns, suggested that India’s factory output is holding up despite the uncertainty around exports in the wake of US tariffs.

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Infosys shares to be in focus after DGGI closed ₹32,403 crore pre-show cause GST notice
  • 09 Jun 2025 06:29 PM

Infosys shares to be in focus after DGGI closed ₹32,403 crore pre-show cause GST notice

Source: https://www.livemint.com/market/stock-market-news/infosys-shares-to-be-in-focus-after-dggi-closed-rs-32-403-crore-pre-show-cause-notice-11749393110533.html

Infosys received a Goods and Services Tax (GST) demand closure notice on Friday, providing ₹32,403 crore relief to the IT major from the GST-demanded charges imposed by the DGGI earlier. Shares closed higher ahead of the closure development.

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Small businesses bleed cash as GST kicks in before payments
  • 03 Jun 2025 05:57 PM

Small businesses bleed cash as GST kicks in before payments

Source: https://www.livemint.com/money/personal-finance/small-businesses-bleed-cash-as-gst-kicks-in-before-payments-11748843819046.html

The founder of a small ed-tech firm in Bengaluru, Bhagat must pay goods and services tax (GST) on every invoice she raises—even when clients delay payments for months. The burden eats into her working capital, sometimes pushing her to borrow or dip into savings just to stay compliant. By year-end, nearly 3% of her revenue is lost to GST on unpaid dues.

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Setback to Patanjali Ayurved, Allahabad High Court dismisses ₹273.5 crore GST penalty appeal — details here
  • 03 Jun 2025 06:13 PM

Setback to Patanjali Ayurved, Allahabad High Court dismisses ₹273.5 crore GST penalty appeal — details here

Source: https://www.livemint.com/companies/news/setback-to-patanjali-ayurved-allahabad-high-court-dismisses-rs-273-5-crore-gst-penalty-appeal-details-here-11748939931422.html

The Allahabad High Court rejected Patanjali Ayurved's plea challenging the ₹273.50 crore GST penalty. The court observed that the tax authorities can impose penalties on firms under Section 122 of the GST Act through civil proceedings without requiring criminal court trials.

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Mint Primer | GST mop-up: The signals for India’s economy & taxes
  • 03 Jun 2025 06:03 PM

Mint Primer | GST mop-up: The signals for India’s economy & taxes

Source: https://www.livemint.com/economy/what-gst-numbers-say-about-indian-economy-gdp-inflation-rbi-finance-minister-imports-exports-11748876101048.html

Goods and services tax (GST) collections are buoyant, exceeding ₹2 trillion in the past two months. Mint looks at what they indicate about the state of the economy. Is it time to go ahead with the overdue rationalization of GST rates?

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