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INDIA GST
Govt brings smartphone screen protectors under mandatory registration rule effective Apr 1The government has mandated BIS certification for smartphone screen protectors from April 1, 2027, bringing them under compulsory quality s...- GST cuts drive 20% surge in auto sales, industry leaders sayAt Maruti Suzuki, passenger vehicle sales grew nearly 36% year-on-year between April and August 2026, with the entry-level segment surging ...
- States' revenue growth to accelerate 9-11% as GST collections rise 16% in first five months: CrisilRevenue growth for 18 major Indian states is projected to accelerate to 9–11% in fiscal 2027, taking combined revenues past ₹44 lakh crore,...
- Rs 2 lakh crore bonanza: GST's one-year old tax gift showing up in cars, TVs and revenuesGST collections show economic activity holding up after the overhaul. Consumers are upgrading to better products and larger screen televisi...
- From Maruti to Mahindra, top industry execs say GST 2.0 changed the demand equationPassenger vehicle demand surged after GST rationalisation, boosting Maruti Suzuki's sales significantly. Mahindra & Mahindra also reported ...
- NPCI says GST on UPI MDR will not burden small merchantsNPCI states GST on UPI Merchant Discount Rate is not a burden. Transactions under two thousand rupees have zero MDR and no GST. Over ninety...
- First-time car buyers make a comeback as lower GST boosts small-vehicle demandFirst-time car buyers are returning to India's market, increasing their sales share significantly. Lower taxes have revived demand for entr...
- India's new GDP series: GST, corporate data drive new methodologyIndia's revamped GDP calculation incorporates extensive corporate filings and GST data, as revealed by the statistics ministry. This update...
- Effect of GST rate cuts on commodities neutralised by 'galloping' inflation: CongressCongress has highlighted that the gains from GST rate reductions are being wiped out by escalating inflation. They claim that increasing co...
- India’s growth engine still has plenty of runway with earnings set to accelerate: JefferiesJefferies expects India’s real GDP growth to stay at 6.5-7% in the current fiscal, with corporate earnings growth accelerating to 17% next ...
- GST cuts, lower prices put dishwashers on Indian kitchen mapsDishwasher sales are rapidly growing in India after recent GST rate reductions. Manufacturers have adapted machines for Indian cooking, boo...
- MDR rollout will be monitored to protect usersTax issues Levy of goods & services tax on MDR can be taken up by GST Council, ITC may be used by merchants.
- UPI MDR from October 15: Govt plans daily monitoring to stop merchants passing 0.4% fee to customersThe government is in negotiations with payment aggregators over new UPI transaction fees, ensuring that these charges will not be imposed o...
- India set to sustain 6.5-7% real GDP growth, nominal growth seen at 11-12%: JefferiesIndia is on track for 6.5-7% real GDP growth and 11-12% nominal growth this fiscal year, Jefferies said, citing resilient domestic demand, ...
- FinMin allays fears of increase in cash transactions post UPI MDR levy: SourcesThe Finance Ministry anticipates no rise in cash transactions following the UPI MDR implementation. Only a small percentage of total UPI vo...
- MDR on UPI not imposed due to external pressure, say govt sourcesOfficials clarified that there is no separate GST levied on MDR charges. While GST will apply to MDR on UPI transactions, businesses will b...
- UPI MDR may attract 18% GST; eligible merchants can claim input tax creditEffective October 15, UPI payments to merchants (P2M) above Rs 2,000 will attract a 0.4% merchant discount rate with an overall cap of Rs 3...
- UPI MDR above Rs 2,000 to attract 18% GST, merchants can claim input tax creditUPI payments to merchants above two thousand rupees will attract a zero point four percent merchant discount rate. Merchants will pay eight...
- Customs should accelerate AI usage to reduce cost, physical interface with trusted taxpayers: CBIC chiefIn a progressive move, the Customs department plans to ramp up its deployment of artificial intelligence and real-time analytics to limit d...
- Connaught Place restaurant charged Rs 80 extra as service fee without asking; GST was added on that charge too; CCPA orders it to pay Rs 10,000CCPA fined a restaurant in Connaught Place Rs 10,000 for automatically adding an Rs 80 service charge to a customer's food bill and applyin...
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