Auto Demand Holds Firm Post-Festivals; December Set to Stay Strong
India’s auto market is entering the year-end on a stronger footing than expected, with post-festive momentum refusing to fade. Backed by GST-driven affordability and steady...
Tag : GST
Bombay HC Quashes Tax Notices, Paves Way for Exporter Refunds
The Bombay High Court has delivered a big win for exporters by scrapping tax recovery notices linked to the now-deleted Rule 96(10) of the GST...
Delta Corp Shares Plunge 7% as Centre Increases GST to 40%
Shares of Delta Corp Ltd plunged 7% on 4 September after the Goods and Services Tax Council increased the indirect tax on casino, racing club,...
India’s August GST Collections Up 6.5% at Rs 1.86 Lakh Crore
India’s GST collections rose 6.5% year-over-year to Rs 1.86 lakh crore in August 2025. This is compared to Rs 1.75 lakh crore a year ago....
GoM Clears Shift to 5% and 18% GST Slabs
India could soon see a major revamp of its indirect tax system. The Group of Ministers (GoM) gave the green light to a simplified two-slab...
Tobacco, Gaming Stocks Fall as Centre Weighs 40% GST on Sin Goods
Shares of tobacco companies such as ITC Ltd and VST Industries Ltd, along with gaming firms like Nazara Technologies Ltd and Delta Corp Ltd, fell...
Dairy Body Says High GST on Ghee Hurting Farmers, Boosting Unorganised Sector
The Indian dairy industry is urging the government to reduce the GST on ghee from 12% to 5%, arguing that the high tax is hurting...
Karnataka GST Dept Uses UPI Data to Nab 13,000 Evaders; Vendors Avoid Digital Payments
Using digital payment data as evidence, the Karnataka State Commercial Taxes Department has issued show-cause notices to nearly 13,000 small businesses and street vendors. This...
India May Cut GST on Handicrafts, Maintain Apple Imports to Curb Prices
Commerce and Industry Minister Piyush Goyal stated that the government is considering a request to reduce the GST on handicrafts from 12% to 5%. This...
What Is Value Added Tax in India
Ever wondered why a product’s price rises from manufacturer to retailer? That’s where Value Added Tax (VAT) comes in! A key part of India’s tax...