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GST COUNCIL
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...
- 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 could create Rs 27,000 crore revenue pool by FY28: BernsteinA 40-basis-point MDR on UPI transactions could create a large revenue pool. Issuing banks and UPI apps will receive substantial portions of...
- IAMAI wants 5% GST dropped for app-based ridesApp-based mobility firms want GST exemption on their platforms. They argue the five percent tax applies unfairly to technology connectors. ...
- Subhash Chandra Garg cherry-picking figures from two different bases: CBICGarg, who has been at the centre of the recent controversy over the government's GDP growth estimates, had questioned the Centre's claim of...
- GST growth comparisons can’t be 'apples and oranges' says CBIC; hits back at 'misleading' claimsThe CBIC stated that comparing GST revenue figures using different tax bases is misleading. Growth calculations must be made on a like-for-...
- LIC, HDFC Life, other stocks rise up to 3% as Aug new business premium jumps 33% YoY. What Nuvama, others are sayingLife insurers reported a 33% YoY increase in total new business premium to Rs 41,198 crore in August, led by a sharp rise in group single-p...
- Delhi Police issues security advisory ahead of BRICS Summit 2026; citizens told to stay alertDelhi Police on Monday issued a security advisory ahead of the 18th BRICS Summit in New Delhi on September 12-13, asking citizens to remain...
- "When knowledge is shared, innovation grows": MEA highlights India's BRICS Chairship focus on innovation, resilienceIndia's BRICS Chairship 2026 will prioritise innovation and knowledge sharing among member nations. Digital infrastructure and artificial i...
- GST Council meeting rescheduled to October 7 due to BRICS summitThe GST Council meeting has been rescheduled to October 7 due to the BRICS summit. This meeting will occur after a gap of over a year for t...
- GST Council meeting likely to be postponed, say sourcesThe 57th GST Council meeting, scheduled for September 12, is likely to be postponed, with a final decision expected after consultations wit...
- Healthy consumption: GST collections surge to Rs 2 lakh crore, car sales jump 36%India's economic indicators showed resilience and growth in August. Goods and services tax collections rose 14.8 percent to ₹2 lakh crore. ...
- GST, auto sales, UPI data point to resilient growth in AugustIn August, India's GST collections rose by 14.8%, totaling ₹2 lakh crore. The surge in bulk car sales by 36% indicates robust consumer enth...
- India's gross GST revenue up 14.8% on year to nearly Rs 2 lakh crore in AugustIndia’s gross GST revenue rose 14.8% year-on-year to Rs 1.99 lakh crore in August 2026, up from Rs 1.74 lakh crore a year earlier. However,...
- FCNR inflows may delay rate hikes, but banks face margin pressure: ReportForeign currency inflows have eased financial conditions for the Reserve Bank of India. This temporary relief allows the central bank to de...
- Delhi Lakshmi Yojana RD maturity set for July 2029, year of next Lok Sabha pollsThe Delhi Lakshmi Yojana's recurring deposit matures on July 31, 2029. Eligible women receive Rs 2,500 monthly, with Rs 1,500 in RD and Rs ...
- GST Council to hold 57th meet on Sept 12 with ITC, simplifying the GST corporate guarantees & more on agendaThe GST Council will meet on September 12 to discuss key reforms. Proposals include easier input tax credit access for buyers and simplifie...
- GST Council's 57th meeting to be held on September 12, officers' meeting on September 11The 57th Goods and Services Tax Council meeting will convene on September 12, 2026. An Officers' Meeting will precede it on September 11 in...
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