- 27 Aug 2025 05:59 PM
- New
GST Revenue And Compliance In Recycling Sector
Source: https://taxguru.in/goods-and-service-tax/gst-revenue-and-compliance-in-recycling-sector.html
In response to a Rajya Sabha question on GST revenue and compliance in the recycling sector, the Ministry of Finance provided data on entities registered under GST for dismantling, recycling, shredding, or refurbishing of electrical, electronic, and battery waste. According to the official reply dated 19 August 2025, the number of registered entities under HSN code 8549 (electrical and electronic waste and scrap) has increased substantially over the past five years, from 396 in 2020–21 to 10,198 in 2024–25. Correspondingly, GST collections from this segment also rose, though not in a linear pattern: ₹0.32 crore in 2020–21, ₹4.61 crore in 2021–22, ₹43.48 crore in 2022–23, peaking at ₹132.24 crore in 2023–24, and slightly declining to ₹117.35 crore in 2024–25.
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- 27 Aug 2025 05:41 PM
- New
Flipkart under preliminary tax probe for allegedly recasting marketplace fees as transport charges
Source: https://www.livemint.com/companies/flipkart-gst-probe-billing-practices-11756188756423.html
Flipkart is under preliminary investigation over allegations that the Walmart-owned online marketplace altered its billing structure in a way that could reduce its goods and services tax liability, two tax investigators said.
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- 27 Aug 2025 05:54 PM
- New
GST Burden on Consumers: Income-Wise Data Not Maintained
Source: https://taxguru.in/goods-and-service-tax/gst-burden-consumers-income-wise-data-maintained.html
The Indian Ministry of Finance, in a Rajya Sabha unstarred question, addressed the claim that the bottom 50% of consumers bear the same Goods and Services Tax (GST) burden as the middle 30%. The Ministry stated that it does not maintain income group-wise GST collection data, making it impossible to confirm or deny the claim directly. The response clarified that GST is a consumption tax, collected by suppliers from consumers. To mitigate the tax impact on essential items, the government has exempted goods and services of mass consumption, such as unpackaged food grains, fruits and vegetables, education, and healthcare. Additionally, items like edible oil, life-saving medicines, and fertilizers are taxed at a reduced rate of 5%. This tiered system is intended to lower the tax incidence on everyday necessities.
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- 27 Aug 2025 05:28 PM
GST reforms: ‘State revenue should be protected, or welfare schemes will be affected’, says Kerala finance minister
Kerala Finance Minister KN Balagopal today said that the Centre's GST reforms, should consider impact on state revenues as this could effect welfare schemes.
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- 27 Aug 2025 06:07 PM
GST Collection from Different Income Groups in India
Source: https://taxguru.in/goods-and-service-tax/gst-collection-income-groups-india.html
The Indian government’s Ministry of Finance addressed a question regarding Goods and Services Tax (GST) contributions from different income groups. The ministry clarified that it does not maintain income group-wise GST collection data. As a consumption tax, GST is an indirect tax collected by suppliers of goods and services from their customers, regardless of income. The government’s policy aims to mitigate the tax burden on everyday necessities for the general population. To achieve this, essential goods like unpackaged food grains, fruits, and vegetables, along with services such as education and health, are exempt from GST. Additionally, products like edible oils, life-saving medicines, and fertilizers are taxed at a lower rate of 5%. This policy structure is intended to ensure that the tax incidence remains low on items of mass consumption, making the GST system less regressive.
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- 27 Aug 2025 05:18 PM
India’s GST database is a gold mine for just-in-time policy responses
In an economy as vast as India’s, timing is everything. Policymakers need to know not just what is happening, but when. Yet, our most important measure of economic performance, gross domestic product (GDP), has a timeliness of two months to one year. Quarterly GDP figures arrive two months after the period they pertain to. By then, the ground reality may already have changed.
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- 27 Aug 2025 05:25 PM
GST reform: Grab this chance to make it bold and beautiful
Indian Prime Minister Narendra Modi’s announcement on Independence Day about launching the next phase of goods and services tax (GST) reforms by Diwali this year adds tremendous heft and seriousness to this long-awaited policy change. There is a lot to be said about its timeliness too—with global headwinds in the wake of US tariff tantrums having dampened sentiment considerably in India’s manufacturing and export sectors.
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- 27 Aug 2025 05:13 PM
Food Ministry forwards veg oil GST refund request to Finance Ministry
New Delhi, Aug 26 (PTI) The food ministry has forwarded the vegetable oil industry's request to the finance ministry, seeking to lift tax refund restrictions with hopes that the GST Council will consider the issue at its next meeting, Food Secretary Sanjeev Chopra said on Tuesday.
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- 27 Aug 2025 06:02 PM
GST On Plant-Based Food Alternative
Source: https://taxguru.in/goods-and-service-tax/gst-plant-based-food-alternative.html
In a Rajya Sabha reply dated 19 August 2025, the Ministry of Finance addressed a query on the Goods and Services Tax (GST) treatment of plant-based food alternatives such as meat, dairy, and egg substitutes. The government confirmed that a representation had been submitted by the Plant Based Foods Industry Association, forwarded by the Ministry of Food Processing Industries. The request sought a reduction in GST rates on these products and the introduction of separate HSN codes to align them more closely with animal-derived counterparts that are taxed at lower or nil rates.
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- 25 Aug 2025 06:13 PM
India’s online gaming ban: Are our policymakers really listening?
The government’s Promotion and Regulation of Online Gaming Bill, 2025, approved by both Houses of Parliament, aims to promote e-sports and social games while banning real money gaming (RMG)—or games that involve stakes purchased with money, directly or indirectly, including by means of virtual assets.
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