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GST collections rise 3.2% to ₹1.94 lakh crore in May; import-led revenues drive growthIndia's GST collections hit an impressive ₹1.94 lakh crore in May 2026, showcasing a 3.2% rise primarily driven by robust imports of essent...- GST dept issues tax demand of Rs 124 crore to Spicejet, slaps showcause notice for delay in return filingThe GST department has levied a significant tax demand of Rs 124.65 crore on SpiceJet. This action follows the airline's failure to file Go...
- Delta Corp shares tank 16%. What’s triggering the sharp selloff?Shares of Delta Corp tumbled 16% after the Supreme Court upheld the government’s retrospective 28% GST levy on online gaming companies. The...
- Gaming firms face ₹2.5 lakh crore exposure as Supreme Court upholds 28% GST on betting valueThe Supreme Court has made headlines with its ruling, requiring online gaming platforms to pay a hefty 28% GST on the entirety of the bet v...
- Adityanath calls for trader-friendly tax system, better services for honest taxpayersUttar Pradesh Chief Minister Yogi Adityanath has instructed the state tax department to boost revenue collection. He emphasised providing f...
- Missed GST return filing? Your GST registration could be suspended; check the legal positionGST registration can now be suspended for even minor delays in filing returns, a shift from the previous six-month rule. Experts highlight ...
- Indian banks pause gold imports as renewed FinMin notification on IGST hangs fire in FY27Banks in India have paused gold and silver imports since April 1, pending an annual government notification that provides tax clarity for b...
- Bombay HC quashes Rs 1,524 crore proposed GST demand on Tata Sons in Docomo arbitration payout caseThe Bombay High Court quashed a Rs 1,524 crore GST demand against Tata Sons, ruling that payments made to NTT Docomo as an arbitration awar...
- Meesho receives Rs 14.29 crore GST notice for non-collection of TCSValue commerce platform Meesho is contesting a Rs 14.29 crore tax demand. The Goods and Services Tax Appellate Tribunal issued the demand f...
- GST fault line: Supreme Court to rule if taxman can bundle years into one sweeping show-cause noticeThe Supreme Court is set to decide if tax authorities can issue a single show-cause notice for multiple financial years. This procedural is...
- Apple CEO Tim Cook steps down; HCLTech Q4 reportAfter 15 years at the helm of Apple, Tim Cook will step down to make way for insider John Ternus. This and more in today's ETtech Top 5.
- Has the GSTR-3B return filing due date for the March 2026 tax period been extended?Tax professionals are struggling to file GSTR-3B for March 2026. The GST portal is experiencing significant slowdowns, preventing logins an...
- West Asia crisis: Govt to assess impact of recent tax concessions on its indirect tax revenuesIran war: The review will factor in revenue implications from duty relief measures announced to cushion industries from supply disruptions,...
- Indirect tax mop-up tops FY26 target, but pan masala cess misses the markIndia's indirect tax collections for fiscal year 2025-26 have surpassed the government's target. Customs, excise, and GST revenues showed s...
- CGST Guwahati arrests two persons for fake invoice racket and contraventionGuwahati CGST has arrested two individuals for their involvement in a fake invoice racket. The accused confessed to obtaining GST registrat...
- Six officers of CGST Mumbai booked in bribery case, superintendent among three arrestedThe Central Bureau of Investigation (CBI) has arrested three individuals, including a CGST superintendent, in Mumbai for accepting a bribe ...
- SC notice to Centre on plea against HC verdict upholding anti-profiteering provision of CGST ActA division bench of the high court, on January 29, upheld the constitutional validity of Section 171 of the CGST Act, 2017 which mandates t...
- CGST finds Input Tax Credit fraud of Rs 81 cr; Navi Mumbai firm director heldA CGST release said searches were conducted at various locations acting upon intelligence garnered by deploying data analytics tools, which...
- A change in GST means a car dealer’s working capital will go up by Rs 1 cr per monthChange in credit set-off methodology in CGST Act puts an unwarranted burden on auto dealers working capital requirement.
- How a particular transaction of goods and services would be taxed simultaneously under Central GST (CGST) and State GST (SGST)?While the location of the supplier and the recipient within the country is immaterial for the purpose of CGST, SGST would be chargeable onl...
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