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JULY GST COLLECTIONS
Centre releases additional Rs 1,09,019 crore tax devolution to states to boost capital spendingThe Union government released an additional Rs 1,09,019 crore tax devolution on August 1, 2026. This amount is separate from the scheduled ...- Over 5.9 crore income tax returns filed by July 31 for AY27 as deadline closesMore than 5.9 crore income tax returns were filed by the July 31 deadline. This figure represents filings for assessment year 2026-27 by in...
- India's gross GST collections rise 15.4% to Rs 2.11 lakh crore in JulyIndia's GST collections reached Rs 2.11 lakh crore in July 2026, reflecting a 15.4% growth year-on-year. The surge in revenue was largely d...
- India ready for a premium wealth show while US missiles rattle the worldIndia's festive shopping season is set to highlight the country's premiumisation boom despite global uncertainty triggered by the US-Iran w...
- No input tax credit for the innocent buyer after paying GST? Supreme Court settles who bears the cost when a supplier defaultsThe Supreme Court affirmed Gujarat High Court's decision on CGST Act Section 16(2)(c). This ruling validates the provision requiring tax pa...
- Rajasthan footwear artisan earning Rs 15,000 a month received Rs 6 cr tax notice: A fake export firm in TN with Rs 6.7 crore GST dues was allegedly registered using his PANRajasthan footwear artisan Jitendra Kumar Jingar, who earns Rs 10,000 to 15,000 a month making traditional leather shoes in Balotra distric...
- No backdoor talks with BJP; INDIA bloc to discuss delimitation after introduction of bill: Supriya SuleSupriya Sule dismissed speculation regarding meetings between NCP (SP) leaders and the Maharashtra Chief Minister. She clarified that Jayan...
- Taxation simplified for influencers: Correct ITR form, tax regime to grey zone areas, key checks and tax traps creators must watch out forIndian influencers and gig workers face significant tax compliance challenges. Many struggle with tracking income and claiming eligible ded...
- RBI launches 3 key surveys to get input for monetary policyThe Reserve Bank of India launched three important surveys on Thursday. These surveys will gauge inflation expectations and consumer confid...
- Assam Assembly clears introduction of Hindi in House proceedingsIn a historic move, the Assam Legislative Assembly will now include Hindi alongside Assamese, English, and Bodo. Speaker Ranjeet Kumar Dass...
- Punjab levy row leaves Kashmir's wedding season facing a mutton crunchKashmir's wedding season is marred by a severe mutton shortage, with traders blaming an "illegal" levy imposed by Punjab on livestock. This...
- AI tools helping identify GST evasion, easing compliance for honest taxpayers: FinMinIndia's Goods and Services Tax (GST) system is leveraging advanced technologies like AI and data analytics to combat tax evasion and stream...
- As GST turns 10, focus shifts to AI-led compliance, faster refunds, simpler tax processesIndia's Goods and Services Tax, now in its tenth year, is evolving towards greater efficiency. The government is leveraging AI, data sharin...
- Assam State Budget 2026-27: FINER suggests higher devolution share and tax net wideningAhead of Assam's 2026-27 State Budget, industry body FINER urges higher central fund devolution and tax net expansion. They praise the Prof...
- India to release first-ever monthly index tracking services sector output from July 14India is launching a new Index of Services Production (ISP) to track the services sector's growth, mirroring the Index of Industrial Produc...
- India eyes more FDI, speed up divestment, asset monetisation as economy faces external risksIndia's government is set to accelerate reforms, focusing on attracting foreign investment and divesting assets. This strategy aims to main...
- Tax ruling can set off a game of thorns for gaming company directorsIndia's money gaming firms are worried about directors facing tax demands. A Supreme Court ruling upheld a 28% GST on bets. This could mean...
- India's GST collections rise 7.5% y-o-y to Rs 1.96 lakh crore in JulyIndia's GST collection reached Rs 1.96 lakh crore in July, a 7.5% increase year-over-year, according to government data released on Friday....
- GST collection surges over 10 per cent to Rs 1.82 lakh crore in JulyThe gross GST collection rose by 10.3 percent, reaching Rs 1,82,075 crore in July, per a report by ET Bureau on Thursday. The government's ...
- India's GST collections for July up 11% to Rs 1.65 lakh croreIndia's Goods and Services Tax revenue rose 11% on year to Rs 1.65 lakh crore and was also higher than June's Rs 1.61 lakh crore. Of the to...
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