- 27 Aug 2025 05:18 PM
- New
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 05:13 PM
- New
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 05:32 PM
- New
Consumer companies prepare for festive season amid GST concerns
While footfalls and retail activity have picked up since mid-August, many consumers are holding off purchases in anticipation of lower tax rates.
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- 27 Aug 2025 05:37 PM
Stock market crash: Can Nifty 50 touch 24,000 amid renewed fear of Trump's tariffs on India?
In the absence of a deal, market sentiment has turned cautious. Global pressures, including a weaker rupee and the potential for rising crude oil prices, are weighing particularly on export-dependent sectors.
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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 05:41 PM
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 05:45 PM
US tariffs: Govt assistance on the lines of PLI critical for micro & small sectors, says leading trade economist
The smaller players are facing the third big impact in the last 10 years after the GST and pandemic; most of these sectors are self-employed and would need pandemic era-like sops, or else, they would simply disappear, adding to mounting unemployment, says Biswajit Dhar.
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- 27 Aug 2025 05:54 PM
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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- 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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- 25 Aug 2025 06:29 PM
Indian Medical Association supports governments GST relief on essential medicines
The Indian Medical Association (IMA) has welcomed the Goods and Services Tax (GST) Council's decision to reduce GST on several cancer-related and other essential medicines, calling it an essential move to make healthcare more affordable for millions of patients across India. The association expressed its gratitude to the Council and the Government of India in a press release.
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