Goods And Service Tax News
Are businesses & GST authorities cashing in on the taste buds of Indian consumers?
GST promised simplicity. But for India’s booming packaged food sector, every seasoning, flavour, and innovation now comes with a tax twist.
2 min read30 Jun 2025Mahindra Holidays receives ₹363 crore tax demand notice; stock to be in focus on Monday
Mahindra Holidays & Resorts India Ltd, on 28 June 2025, received a ₹363 crore state tax notice along with a show cause demand from the State Tax Officer of Tamil Nadu. Shares closed higher last week after Friday's stock market session.
2 min read29 Jun 2025GST Slab Rates: Which items fall under the 12% rate that council may remove? Are they going to be cheaper or dearer?
Most Union and state government officials, experts and GoM representative have supported the proposal to remove the 12 per cent GST slab.
1 min read5 Jun 2025Tax rate revamp on GST Council agenda; India to push FATF to grey list Pakistan
Any tax relief on GST could help in boosting demand for goods and services in the economy, complementing the boost from plentiful monsoon rains and the income tax relief to the middle class offered in this year’s annual budget.
2 min read23 May 2025Mint Primer | India’s economy looks strong. What could go wrong?
The rise in GST collections indicates that revival in domestic consumption, especially rural demand, is gathering pace.
2 min read6 May 2025India's GST collection rises 12.6% to highest-ever of ₹2.37 lakh crore in April 2025
India's GST revenue from domestic transactions rose 10.7 per cent to about ₹1.9 lakh crore, while imported goods were up 20.8 per cent to ₹46,913 crore. Refund issuance rose 48.3 per cent to ₹27,341 crore during April.
3 min read1 May 2025‘Completely false, misleading…’: Modi govt denies levying GST on UPI transactions above THIS amount
GST on UPI payments? Denying media reports that the government is considering levying a tax on UPI transactions over ₹2,000, the finance ministry said they are completely false, misleading, and without any basis.
2 min read18 Apr 2025ICICI Prudential receives ₹3.67 crore tax order from GST authorities, stock down 10% YTD; Buy or sell?
ICICI Prudential Life Insurance received an order from the GST Commissioner upholding the tax demand of about ₹3.67 crore. The insurer's stock has shed nearly 10 per cent YTD.
2 min read18 Apr 2025GST on UPI transactions over ₹2,000? Here's what you need to know
GST on UPI payments: The finance ministry termed the reports ‘completely false, misleading, and without any basis', strongly denying the claims of levying GST over UPI transactions above ₹2,000.
2 min read19 Apr 2025GST crackdown! DGGI blocks 357 offshore e-gaming sites to curb tax evasion ahead of IPL 2025
GST crackdown! As many as 357 offshore online gaming websites are blocked, and 700 offshore companies are under DGGI's scanner for bypassing GST and tax obligations.
2 min read22 Mar 2025