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Searched Tag: gst
After the presentation, Chief Minister Thakur Sukhvinder Singh Sukhu said that the report of 16th Finance Commission would have a long term impact on the economy of the state including the upcoming budget.

Abolishing RDG a matter of rights for state’s citizens: Sukhu

February 8, 2026, 08:54 PM - 7 min read

Finance dept presentation says 12.7 percent of state budget comes from RDG, which is second highest in the country.

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Members of the 16th Finance Commission handing over the report to President Droupadi Murmu at Rashtrapati Bhavan. (Image: PTI)

A fine balance between equity and rewarding performance

February 7, 2026, 03:56 PM - 6 min read

The 16th Finance Commission has recalibrated tax devolution to balance equity with performance, increasing the southern states’ share while retaining the overall 41 per cent allocation to states. New criteria, including GDP contribution, mark a shift from earlier redistribution models.

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Gross GST revenue increased from ₹1,82,094 crore in January 2025 to ₹1,93,384 crore in January 2026, reflecting steady revenue mobilisation

Gross GST collections rise 6.2 pc in January 2026: Govt data

February 1, 2026, 10:50 AM - 2 min read

Domestic GST revenue in January 2026 amounted to ₹1,41,132 crore, rising 4.8 per cent from ₹1,34,641 crore collected in January 2025

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Union Minister for Finance and Corporate Affairs Nirmala Sitharaman along with the Ministers of State for Finance Pankaj Chaudhary and team members of Finance, outside the her office at North Block in New Delhi.

Expectations galore from the Union Budget

January 23, 2026, 04:19 PM - 8 min read

As the Union Budget approaches, India faces the challenge of sustaining high growth while navigating currency pressures, unemployment, and global uncertainty. Expectations are high that the 2026-27 Budget will balance fiscal discipline with reforms to drive investment, manufacturing, and inclusive growth.

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HC directs slashing of GST on air purifiers in Delhi on urgency

HC directs slashing of GST on air purifiers in Delhi on urgency

December 24, 2025, 05:24 PM - 4 min read

A Division Bench of Chief Justice Devendra Kumar Upadhyaya and Justice Tushar Rao Gedela noted that a report submitted by Parliamentary Standing Committee in December recommended that the government should take a sympathetic view and either abolish or lower the GST on air purifiers or HEPA filters used in air purifiers.

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From left, in front row, Samajwadi Party President Akhilesh Yadav with his party leaders and Union Minister and Lok Janshakti Party (Ram Vilas) chief Chirag Paswan and other members in the well on the first day of the Winter Session of Parliament, in New Delhi.

Centre to table Central Excise Amendment Bill in Parliament

December 2, 2025, 09:33 AM - 4 min read

Finance Minister Nirmala Sitharaman tabled the bill in the Lok Sabha amid persistent Opposition sloganeering demanding an immediate discussion on the Special Intensive Revision (SIR) of electoral rolls being conducted by the Election Commission of India.

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GST collections surge to Rs 1,70,276-cr in November

GST collections surge to Rs 1,70,276-cr in November

December 1, 2025, 04:06 PM - 2 min read

Import-related IGST went up 10.2 per cent to Rs 45,976 crore, taking total gross GST revenue to Rs 1,70,276 crore, up 0.7 per cent from November last year

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The rate of growth in GST collections in year-on-year terms in October at 4.6 per cent is, however, lower than about 9 per cent average growth that the collections saw in the previous months

Festive buying spikes GST collections, albeit at a slower rate

November 1, 2025, 04:07 PM - 2 min read

According to the government data released on Saturday, gross GST mop-up in October was about ₹1.96 lakh crore, a 4.6 per cent higher over ₹1.87 lakh crore collections in October 2024

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Meanwhile, in another update, the GST Network (GSTN) said that businesses will not be able to file GST returns which are due for three years or more, beginning the November tax period

Quick GST registration for small, low-risk businesses: GST Dept

November 1, 2025, 12:38 PM - 3 min read

A simplified registration scheme for small and low-risk businesses whose output tax liability does not exceed ₹2.5 lakh per month was approved by the GST Council in its September 3 meeting

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President Droupadi Murmu and Prime Minister Narendra Modi exchange Diwali greetings, in New Delhi.

'Op Sindoor' upheld righteousness, avenged injustice: PM Modi

October 21, 2025, 02:39 PM - 4 min read

Reflecting on the teachings derived from the life of Lord Ram, PM Modi emphasised the values of righteousness and courage in confronting injustice. He specifically referenced Operation Sindoor as a contemporary example of these principles in action. 

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Meanwhile, the government has been monitoring price cuts in 54 items across the country since the lower GST rates came into effect on September 22, the minister said, adding that complaints relating to non-reduction in prices are being dealt with seriously

GST rate-cut prompted more buying; govt monitoring price cuts: FM

October 18, 2025, 03:28 PM - 3 min read

At a press conference on ‘GST Bachat Utsav’ on Saturday, Union Finance Minister, Nirmala Sitharaman said September’s Goods and Services Tax (GST) system overhaul had benefited consumers and buoyed their ease of spending on essentials

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File photo of Tripura Chief Minister Manik Saha addressing a gathering.

GST reforms spurred rise in Tripura’s revenue: CM

October 9, 2025, 05:40 PM - 3 min read

Tripura Chief Minister Manik Saha credited GST for boosting revenue and easing the tax burden, calling it a “people-friendly reform” that strengthened both state and national economies.

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