GST

Zomato-parent Eternal received a ₹3.69 crore GST penalty notice over short payment of output tax on 6 January 2026. Here's what you need to know about the update and the company's stock performance over time.

ITC's stock price recorded its worst one-day fall in nearly six years as it crashed 10% on Thursday. The blue-chip stock further saw a 5% decline in trade today to a fresh 52-week low of ₹345.25 on the NSE.

Vodafone Idea shares rose 3%, reaching ₹11.95, despite a ₹638-crore GST penalty. The stock has gained 11% over two days, bolstered by government relief and a promoter-led capital infusion of ₹5,836 crore aimed at strengthening its balance sheet.

For the sake of fair comparison, December’s gross GST collection figures without compensation cess proceeds are compared with the same from the year-ago period.

ITC shares plunged 10% to their lowest level since January 30, 2023, on an intraday basis to ₹362.70. The Bloomberg report suggested that it was the worst single-day fall for ITC stock since 2020, making it the biggest Sensex loser today.

The revamp aims to maintain tax incidence on these harmful substances largely at the current high levels, even after the GST compensation cess, which has outlived its utility, is discontinued.

CCPA said the restaurant added a 10% service charge by default to customers’ bills and charged GST on the service charge, despite clear guidelines that such charges must be voluntary and cannot be included by default.

Entering 2026, India's auto sector shows resilience with a 22% rise in the Nifty Auto index, supported by GST cuts, rural recovery, and strong demand, despite mixed stock performances among key players.