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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 >
Mumbai: Tata Motors has closed FY26 with strong momentum in its commercial vehicles business, as demand recovery in the second half lifted overall sales performance. Tata Motors recorded Q4 FY26 sales of 1,32,465 units, marking a 25 percent increase from the same period last year. As shown in the table on page 2, this growth reflects improved freight movement and rising customer confidence, making it the highest quarterly performance since Q4 FY21. In March 2026, total sales reached 47,976 uni ...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 >
NewsVoirBengaluru (Karnataka) [India], October 24: The Goods and Services Tax (GST) has been a game-changer in India's taxation system since its rollout in 2017. After almost two decades of deliberation and planning, the country adopted a unified tax structure aimed at simplifying the complex web of state and central taxes. But the journey of GST has been anything but smooth. With its ups and downs over the past eight years, the Indian government is now implementing Next-Gen GST Reforms in 2025. ...Read More >
The real boost in vehicle sales this festive season has come from India's hinterland, with good rainfall replenishing incomes and the GST rate cut making small cars (often the first four wheeler for a family) attractive to this segment of buyers once again. Shailesh Chandra, president of the Society of Indian Automobile Manufacturers (SIAM), said today that rural pockets are showing signs of strong growth due to a bountiful monsoon and the impending marriage season. As per SIAM data, passenger ...Read More >
New Delhi, Oct 8 (PTI) Implementation of new GST slabs to lower the duty has resulted in some short-term adjustments across trade in the domestic market, Godrej Consumer Products Ltd (GCPL) said while projecting a 'low-single digit' volume growth on a standalone basis in the September quarter. The GST rate reductions have resulted in some short-term adjustments across trade channels, as distributors and retailers focused on liquidating existing inventories, said Godrej Consumer in its quarterly ...Read More >
Thiruvananthapuram: The state's much-publicised crackdown on GST fraud appears to be collapsing under its own weight. Despite 14 arrests in high-value evasion cases since 2021 -- each involving over Rs 5 crore in alleged tax fraud -- not a single chargesheet has been filed. Every suspect is out on bail and no trial has commenced, exposing a systemic failure that reduces the state's anti-fraud campaign to little more than headline management.In Aug 2022, the state govt formally designated Ernakul ...Read More >
Kurnool: The directions from the Centre to implement the new GST rules and keep display boards in every shop with revised and old prices have fallen on deaf ears. Traders in the Kurnool and Nandyal districts are openly flouting the rules and not effecting the promised price reductions for most items. In many shops, there are no boards and traders continue to sell goods at old prices, claiming that they are "clearing the old stock" purchased under the previous tax rates. There is no visible rel ...Read More >
The Karnataka State Hoteliers' Association expressed its inability to pass on GST benefits to consumers, citing unchanged taxes on cooking gas cylinders and property rents. Association president G K Shetty highlighted that the 18% GST on these essential inputs prevents price reductions for hotel food and room tariffs. The Karnataka State Hoteliers' Association on Thursday said it is constrained to pass on the GST benefits to consumers as the taxes on cooking gas cylinders and property rents hav ...Read More >
Raipur: A tragic industrial accident at the under-construction Godavari Power and Steel Limited Plant in Silatara Chowki (police post), Raipur, claimed the lives of six labourers and left six others severely injured, prompting renewed scrutiny of safety standards in construction zones across Chhattisgarh. The incident occurred during routine work hours when a section of the plant's structure collapsed. Eyewitnesses described a deafening crash followed by chaos as workers rushed to rescue colle ...Read More >
Bengaluru: With GST rates reducing, many consumers had anticipated a drop in food and accommodation prices in hotels. However, Karnataka State Hotels' Association said it is "constrained" from passing GST benefits to customers.Association president GK Shetty said the recent GST rate cuts haven't significantly benefited hoteliers, and they are not in a position to reduce food and room tariffs."We want to clarify that hotel operations depend on more than 300 items, and GST has been reduced for onl ...Read More >
GST 2.0 simplifies India's indirect tax regime with two core rates of 5% and 18%, plus a 40% de-merit slab. Insurance premiums become GST-exempt, renewables gain from lower costs, and consumer electronics see relief. The reform aims to boost compliance, influence spending patterns, and realign sectoral margins. India's indirect tax regime has undergone a structural shift. Announced on September 5, 2025, and scheduled to take effect from September 22, GST 2.0 rationalises the current four-tiered ...Read More >
The rationalisation will not only reduce vehicle prices but also support MSMEs in the auto component supply chain, enhance logistics efficiency, and incentivise replacement of old, polluting vehicles with fuel-efficient models. The government's sweeping rationalisation of Goods and Services Tax (GST) rates for the automobile and road transport sector is set to make vehicles more affordable, strengthen manufacturing competitiveness, and generate large-scale employment, the Ministry of Road Transp ...Read More >
CHENNAI: Union Finance Minister Nirmala Sitharaman on Sunday said over 90% of items in the 18% GST slab and 99% of goods in the 12% slab have been shifted to the 5% bracket under the recent tax reforms. She added that moving towards a two-slab system of 5% and 18%, along with reducing tax rates on a majority of items, would positively impact all 140 crore Indians. She was speaking at Tax Reforms for Rising Bharat, an event organised by the Joint Conclave of Trade and Industries Association. Tho ...Read More >
New Delhi, Sep 13 (PTI) The National Pharmaceutical Pricing Authority has asked pharmaceutical companies and medical device makers to pass on the benefit of reduced GST rates to consumers with effect from September 22. "The benefit of reduction in GST rates shall be passed on to consumers/patients effective from September 22, 2025. All the manufacturers /marketing companies selling drugs/formulations shall revise the MRP of drugs/formulations (including medical devices) accordingly, with effect ...Read More >
Notebook manufacturers are appealing to the GST Council to move notebooks from the 'nil' GST rate to the 5% bracket. They argue that the increased GST on paper, a key input, from 12% to 18%, while the final product remains 'nil'-rated, prevents them from claiming input tax credit. Notebook manufacturers have appealed to the GST Council to take off their product from the "nil" GST rate and place it under the 5% bracket insisting that the latest rate change will make student notebooks costlier. ...Read More >
New Delhi: Industry leaders welcomed the recently announced GST reforms, which reduce the number of tax slabs, stating that it will make tax compliance easier while also directly benefiting consumers through lower prices. Jharkhand Chamber of Commerce Joint Secretary Navjot Alang Rubal said that the reduction of the number of slabs from four to two under the new GST structure is a highly positive step. According to Rubal, this reform will greatly benefit the middle and lower-income groups as t ...Read More >
GST Reforms: India is preparing for a major shift in its taxation system with the rollout of GST 2.0 on September 22. Finance Minister Nirmala Sitharaman has not only confirmed the launch but also hinted at the next big reform, GST 3.0, which will focus on long-term stability and fairness in the tax regime. The new GST 2.0 framework replaces the earlier 12% and 28% slabs with a simplified two-tier system of 5% and 18%, alongside a 40% demerit rate for sin and luxury goods. This is expected to e ...Read More >
New Delhi, Aug 21 (SocialNews.XYZ) As the Centre prepares to revamp GST rates, the Federation of Hotel & Restaurant Associations of India (FHRAI) has urged Finance Minister Nirmala Sitharaman to implement a uniform 5 per cent GST rate with input tax credit to make tourism affordable. The FHRAI argued that India's GST rates are higher than Asian peers like Thailand and Singapore, where rates are as low as 6 to 10 per cent. India's higher GST structure reduces affordability and weakens its appeal ...Read More >
Mysore/Mysuru: To address widespread confusion and concerns among merchants and the business community following the recent issuance of notices, the Commercial Tax Department had organised a workshop at its premises in city on Monday. Speaking at the workshop, P.D. Shobha, In-charge Joint Commissioner (Administration Division) of Commercial Tax Department, reassured businessmen that there was no need to panic upon receiving notice from the Department. "Merchants and businessmen who receive not ...Read More >
Bengaluru: Small businesses across Karnataka -- including tea stalls, bakeries, salons, and local eateries -- have raised concerns after receiving GST notices based on their UPI transaction volumes. The Commercial Tax Department has issued these notices to entities whose annual digital receipts exceeded ₹40 lakh for goods or ₹20 lakh for services, even if they are not GST-registered. Tax consultants are urging affected traders to respond to the notices within the stipulated deadline to avoid pe ...Read More >
Despite its vast potential, the full capabilities of GST data remain largely unrealised. While aggregate data provides a broad overview of tax performance and health of the Indian economy, disaggregated sector-wise information is crucial for evidence-based policymaking. A closer look at the performance of GST revenue collection raises several questions. First, though the growth of GST revenue collection improved in the last seven years (13 per cent) compared to the pre-GST period 2012-17 (11.8 ...Read More >
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