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NEW DELHI: Tractor sales surged sharply in the financial year 2026, with major OEMs posting double-digit volume growth. This growth momentum, however, may hit a roadblock as analysts forecast FY27 growth slowing to 0-3% amid high base effects and emerging El Niño risks. Ratings agency Crisil stated that tractor sales growth is projected to slow sharply to 0-2% year-on-year to about 1.2 million units in FY27. This follows an estimated 22% on-year rise in FY26, primarily driven by rationalisation ...Read More >
New Delhi [India], April 2 (ANI): The government has allowed manufacturing units operating in Special Economic Zones (SEZs) to undertake domestic sales under a time-bound framework. Sources in the government says the notification a key budget announcement was announced to give relief to domestic industry. According to the sources, the scheme is linked to the percentage of export turnover and also factors in the date of commencement of manufacturing activity within SEZs. It has been designed as ...Read More >
In the fiscal year 2025-26 that ended on Tuesday, the state government's own internal resources through revenue collection from major departments looked positive with an estimated collection of ₹56,000 crore as against the target of ₹59,520 crore for the current FY, officials in the state finance department said. The highest collection is from commercial taxes department, which has achieved a growth of 9.20% in state GST collection in FY 25-26 from last year FY 24-25. The total revenue colle ...Read More >
ITANAGAR, 1 Apr: Arunachal Pradesh has recorded the highest goods and services tax (GST) revenue growth across all states and union territories in India for the cumulative period from April 2025 to March 2026, registering an overall growth rate of 27.5 percent compared to the same period in the previous financial year. "At 27.5% overall growth, Arunachal Pradesh is growing at over four times the national GST growth rate of 6.4% - a feat unmatched by any other state in the country," the central ...Read More >
New Delhi: India's goods and services tax (GST) collections closed on a firm footing in the just-ended fiscal year, with March collections crossing ₹2 lakh crore mark for the third time, signalling resilient consumption despite significant cut in rates during the year. Experts however took a cautious stance for the coming months amid the global turmoil caused by the Iran war. Gross collections for March grew 8.8% from a year ago, reaching a 10-month high. This was led primarily by robust impor ...Read More >
New Delhi: With robust tax collections from imports, domestic sales and purchases, India's gross goods and services tax (GST) collections jumped 8.8 per cent year-on-year to cross the Rs 2 lakh crore, registering the third highest monthly collection in the 2025-26 fiscal. At the same time, the net GST revenue for March 2026 stood at about Rs 1.78 lakh crore, posting an annual growth of 8.2 per cent after accounting for refunds, the government said on Wednesday. As per the finance ministry's dat ...Read More >
GST Collection For March 2026: India's goods and services tax (GST) collections jumped 8.8 per cent year-on-year to cross the Rs 2 lakh crore mark at Rs 2,00,064 crore, according to the latest official data. Net GST revenue for March 2026 stood at Rs 1,77,990 crore, marking a 8.2% annual growth after accounting for refunds. The gross GST collection had stood at Rs 1,83,845 crore in March 2025 and Rs 1,83,609 crore in the previous month of February 2026. (This is breaking. Details will be added ...Read More >
New Delhi: Retail inflation is expected to rise to around 1.5% in December as year-on-year inflation has likely bottomed out, driven by unfavourable base effects, a gradual unwinding of food deflation in the coming months and a fading disinflationary impact of goods and services tax (GST) cuts, according to Nomura. In FY26, inflation will average 1.9%, it said, slightly below the Reserve Bank of India's (RBI) estimate of 2%. Retail inflation edged up to 0.7% year-on-year in November from a reco ...Read More >
New Delhi [India], December 15 (ANI): The retail credit demand in India strengthened during the July-September 2025 quarter, supported by Goods and Services Tax (GST) rationalisation and improved consumer sentiment ahead of the festive season, according to TransUnion CIBIL's latest Credit Market Report. The Credit Market Indicator (CMI), a composite measure of credit market health, rose to 99 in the September 2025 quarter from 98 in the preceding quarter, reflecting improved demand, supply cond ...Read More >
New Delhi: With the goods and services tax (GST) rate cut in the next-gen tax reforms, the indirect tax collections impacted to some extent as the GST collection in November recorded meagre growth of 0.7 per cent to reach over Rs 1.7 lakh crore, marking the lowest monthly mop-up since February 2024. The GST collection is related to the goods consumed and services availed in October. The GST rate cut came into effect from September 22, the first day of Navratri. As per the finance ministry's dat ...Read More >
The GST 2.0 impetus coupled with the festive sentiment gave a fillip to automotive retail in October to record highs, though dealers now expect momentum to moderate as the post-festive phase sets in. October 2025 will go down as the month that redefined records for India's automobile retail industry. The Federation of Automobile Dealers Associations (FADA) on Friday reported that total vehicle registrations surged a whopping 40.5 per cent year on year to 40.24 lakh units, marking the highest-ev ...Read More >
Addressing the Rozgar Mela virtually, the prime minister highlighted that the reform would increase exports and give young people new opportunities to work on global projects. Hailing the new Goods and Services Tax (GST) reforms, Prime Minister Narendra Modi on Friday asserted that the country is seeing the "positive impact in the MSME sector and retail trade" and would create new employment opportunities. Addressing the Rozgar Mela virtually, the prime minister highlighted that the reform wou ...Read More >
India is set to outpace China, which is expected to grow at 4.8%. New Delhi: The International Monetary Fund (IMF) has predicted that India will continue to be one of the fastest-growing 'emerging market and developing economies' in 2025-26, growing at a rate of 6.6%, according to the World Economic Outlook (WEO) report. This upward revision is attributed to strong economic performance in the first quarter, which has more than offset the effects of increased US tariffs on Indian goods. India ...Read More >
India's private sector growth slowed in October to its lowest in five months. Weaker demand and higher output prices impacted business optimism. Services sector growth saw a slowdown, while manufacturing activity improved. New orders expanded at a slower pace. International demand softened, particularly for exports to the United States. Businesses raised selling charges despite some cost easing. Growth in India's private sector eased to a five-month low in October as weaker demand and rising ou ...Read More >
Mumbai, Oct 20: The recent goods and services tax (GST) rationalisation is set to lift revenue growth of organised apparel retailers by about 200 bps this fiscal, keeping the topline steady at 13-14 per cent for the second financial year in a row, a report said on Monday. The GST rate cut on apparel priced below ₹2,500 is likely to lift demand in the mid-premium segment, while the fast fashion or value segment will continue to drive the momentum, Crisil Ratings said in a report. Though limited ...Read More >
The Bombay Chartered Accountant Society (BCAS) has urged the Union Finance Ministry to extend the due date for filing GSTR-3B returns for September 2025, citing its clash with the Diwali festive period. The current statutory deadline of October 20, 2025, falls immediately after Sunday, October 19 -- right in the middle of the major festival week when offices across the country are closed. In its representation dated October 8, 2025, BCAS said the overlap between the filing date and Diwali festi ...Read More >
The government has disbursed a GST refund of Rs 738 crore so far under this initiative, the CM said. Delhi Chief Minister Rekha Gupta on Friday announced that traders across the Capital have begun receiving their GST refunds ahead of Diwali. The government has disbursed a GST refund of Rs 738 crore so far under this initiative, the CM said. ARTICLE CONTINUES BELOW VIDEO Further, Gupta said that the Department of Trade and Taxes has successfully cleared pending refund cases amounting to Rs 1,0 ...Read More >
NEW DELHI: Chief Minister Rekha Gupta has said that traders across the national capital have begun receiving their goods and services tax (GST) refunds ahead of the festive season. So far, an amount of Rs 738 crore has been disbursed under this initiative to Delhi traders. She described this initiative, and the earlier decision to waive of late surcharge on water bills, as Diwali gifts to the people of Delhi. Highlighting the government's efforts to ensure timely GST refunds, the chief ministe ...Read More >
New Delhi: A calmer inflation outlook and recent tax relief have given India's urban consumers room to breathe, and to spend. Deloitte's latest consumer survey shows a rebound in discretionary spending, especially in leisure, restaurants, electronics and household goods. The upcoming festivals and easing prices are nudging households to loosen their wallets, even as job-related anxiety threatens to temper the mood. "Consumers remain financially confident, supported by easing price inflation con ...Read More >
KARNATAKA: The reduction in Goods and Services Tax (GST) on bio-pesticides and micronutrients will bring direct benefits to our farmers and empower them, Finance Minister Nirmala Sitharaman said on Wednesday. Addressing the audience after inaugurating the farmers' training-cum-common facility centre for agro-processing at Methagal village in Koppal district here, the Finance Minister said Prime Minister Narendra Modi "guided us to make GST simpler and more beneficial for the people". "Accordin ...Read More >
BENGALURU, Oct 1 (Reuters) - India's manufacturing sector expansion lost some momentum last month, slipping to its weakest pace in four months but remaining strong, while factory gate prices surged at the fastest rate in nearly 12 years to combat mounting input costs, a survey showed on Wednesday. That suggests the United States' punitive 50% tariffs on Indian goods could be starting to bite Asia's third-largest economy, which has been the fastest growing among major nations this year. HSBC's ...Read More >
New Delhi: India's manufacturing activity continued to expand in September, but at a slower pace as the manufacturing purchasing managers' index (PMI) stood at 57.7, down from 59.3 in August, even though tax relief for common man has boosted business optimism for the year ahead. The survey, conducted by the adjusted HSBC India PMI, showed that new orders, output and input buying rose at the slowest rates in four months, while job creation retreated to a one-year low. "The September headline ind ...Read More >
In the Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion, while a score below 50 denotes contraction. India's manufacturing sector activity eased in September, as new orders, output and input buying rose at the slowest rates in four months, while job creation retreated to a one-year low, a monthly survey said on Wednesday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index moderated from 59.3 in August to 57.7 in September, pointing to the wea ...Read More >
The Ranchi wing of Enforcement Directorate (ED) said on Tuesday that their officials have attached 10 immovable properties worth Rs 15.41 crore in Kolkata and Howrah in West Bengal in connection with a large-scale goods and services tax (GST) input tax credit (ITC) fraud syndicate. According to a press statement issued by ED, the properties attached by its officials in West Bengal belong to Amit Gupta, one of the principal masterminds of the syndicate and its aides. Advertisement The attachme ...Read More >
New Delhi: Consumer Affairs Secretary Nidhi Khare on Monday said the government's National Consumer Helpline (NCH) has received close to 3,000 complaints related to GST since the implementation of reduced taxes. "Everyday, we are receiving complaints. So far, we have received close to 3,000 consumer complaints. We are sending them to the CBIC (Central Board of Indirect Taxes and Customs) for further action," Khare told reporters on the sidelines of an event. The Consumer Affairs Ministry is cl ...Read More >
The fraud exploited the mechanism of Input Tax Credit (ITC) under the GST system The Enforcement Directorate (ED) has attached 10 immovable properties, worth Rs 15.41 crore in Kolkata and Howrah as part of its investigation into a goods and services tax (GST) fraud that spans three states and involves 135 shell companies. The properties, attached under the Prevention of Money Laundering Act (PMLA), belong to Amit Gupta, one of the masterminds of the GST fraud syndicate, and his associates, the ...Read More >
India's Fiscal Landscape: Balancing Expenditure with Revenue Growth India's financial performance reveals a complex interplay between government spending and revenue collection. Recent data indicates a shift in the sources of government income, alongside increased investment in crucial infrastructure projects. Net tax receipts for the current period totaled ₹8.1 trillion, a decrease from ₹8.7 trillion during the same timeframe last year. However, this dip was partially offset by a si ...Read More >
New Delhi, Sep 30 (SocialNews.XYZ) The government has asked some major e-commerce companies to explain why prices of certain products were raised even after the recent cuts in the goods and services tax (GST). The new GST regime, which came into effect on September 22, simplified the previous multi-tier structure into two main slabs of 5 per cent and 18 per cent. The overhaul aims to reduce the tax burden and bring down prices for consumers. According to reports, one e-commerce platform had a ...Read More >
New Delhi [India], September 30 (ANI): The Enforcement Directorate (ED) has attached 10 immovable West Bengal-based properties valued at Rs 15.41 crore that belong to Amit Gupta, one of the masterminds of a large-scale GST fraud syndicate, and his associates. ED Ranchi Zonal Office attached these properties in Kolkata and Howrah on September 29 under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. ED, Ranchi has provisionally attached 10 immovable properties valued at Rs ...Read More >
New Delhi [India], September 30 (ANI): The Enforcement Directorate (ED) has attached 10 immovable West Bengal-based properties valued at Rs 15.41 crore that belong to Amit Gupta, one of the masterminds of a large-scale GST fraud syndicate, and his associates. ED's Ranchi Zonal Office attached these properties in Kolkata and Howrah on September 29 under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. Also Read | Durga Puja 2025: Devotees Gather at Temples To Offer Prayers ...Read More >
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