GST

Economy

Mint Explainer | Why the GST Council plans to review taxation of ride-hailing app companies

As ride-hailing companies push for GST exemptions on customer payments, the Goods and Services Tax Council will review existing laws to ensure clarity and uniformity in taxation.

3 min read12 May 2026
Economy

GST Council to explore simplifying procedures, clarify taxation of ride-hailing apps

Although e-commerce operators are liable to pay 5% GST on passenger fares subject to a conditi, ride-hailing app companies that adopt a driver subscription model say it doesn't apply to them because they don't collect the fares.

2 min read12 May 2026
Industry

Tax cuts were a godsend for the auto industry. Then the commodity storm hit.

Two-wheeler and passenger vehicle makers said in recent earnings calls that they are trying to absorb a large part of commodity inflation rather than passing it fully to consumers, amid concerns that repeated price hikes have already eroded some of the gains from last year's reduction in GST rates.

3 min read11 May 2026
News

GST Council to get four new representatives at next meeting

Three new representatives will be from Kerala, West Bengal and Tamil Nadu. The fourth will be from Bihar

2 min read8 May 2026
Focus

Punjab tops GST growth charts with record April collections

Net GST rises 70.7% YoY to ₹2,725 crore; adjusted growth indicates steady compliance gains.

1 min read6 May 2026
Economy

Centre, states collect record ₹2.43 trillion in gross April GST revenue

Last April, the Centre and states had collected ₹2.37 trillion in GST revenue before adjusting for refunds, but the figures are not strictly comparable because of the GST cuts in September 2025.

3 min read1 May 2026
Markets

Gold, silver prices today: Check retail rates of 24K, 22K gold, 999 silver on 1 May in Delhi, Mumbai, Pune, others

Gold and silver prices rose on 1 May amid geopolitical tensions and inflationary concerns, driven by rising crude oil prices. Check the latest rates for 24K, 22K gold and 999 silver in Delhi, Mumbai, Pune and other cities.

3 min read1 May 2026
Money

GSTR-3B March 2026 filing: Was the 20 April deadline extended? What happens if you miss due date?

Tax professionals are voicing concerns over technical glitches affecting GSTR-3B filings for the March 2026 tax period. The GST portal also shows that a one-day extension is under consideration, but no official announcement has been made yet.

3 min read21 Apr 2026
Markets

Cigarette sales take a hit after tax hike: Time to hit 'sell' button on ITC, Godfrey Phillips stocks?

Since the tax hike announcement made at the beginning of the year, cigarette stocks have declined between 10-17%. Industry leader ITC has emerged as the top loser as the Nifty 50 stock is down 17.55% at the ₹300 levels currently.

3 min read13 Apr 2026
Economy

Net GST revenue hits ₹1.78 trillion in March, highest since April 2025 peak

Before adjusting for refunds, revenue collection stood at ₹2 trillion, an 8.8% annual increase. This is the first time since May 2025 that gross GST receipts have touched ₹2 trillion, having come close in January.

2 min read1 Apr 2026