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GST REVENUE LOSS COMPENSATION
June GST collections 13.9% to ₹1.95 lakh croreIndia's GST revenue surged 13.9% to ₹1.95 lakh crore in June, driven by a significant 34.6% jump in import tax collections. While domestic ...- GST collections rise 13.9% to Rs 1.95 lakh crore MoM in JuneIndia's GST collections surged by nearly 14% to Rs 1.95 lakh crore in June 2026, marking a significant year-on-year increase. This robust g...
- In Graphics: How GST cuts triggered a rally for Indian businessesGovernment analysis reveals that last September's Goods and Services Tax rate adjustments led to a significant expansion of the tax base. H...
- Jaipur grocery store ordered to pay Rs 10,000 in compensation for rounding off customer's bill by 50 paiseA Jaipur shop's decision to round up a customer's bill by just 50 paise has cost them dearly. The Rajasthan State Consumer Commission ruled...
- 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...
- Inside Oyo’s FY26 profit; Gaming founders seek GST reprieveOyo parent Prism, which filed its updated IPO papers, reported a strong profit in the April-December period, courtesy of an unlikely source...
- Gaming founders appeal to GST Council for personal liability relief after Supreme Court rulingReal money gaming founders are urging the GST Council to shield them from personal tax liabilities and offer amnesty on past dues following...
- SBI ordered to pay Rs 20 lakh compensation each to sweepers; HC says bread is costlier than bloodEnding a 27-year legal fight, the Orissa High Court ordered a public sector bank to pay Rs 20 lakh each to two daily-wage sweepers. The cou...
- Man receives 60% salary hike days before he exits the company, is not happy: 'In my mind...'A product marketing manager's resignation took an unexpected turn when his company offered a significant salary hike just days before his d...
- 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...
- ITC's packaged foods business crosses $2 billion in revenueITC's packaged food business soared past $2 billion in FY26, with overall FMCG consumer spending reaching Rs 37,000 crore. This growth was ...
- MSMEs and GST@9: Journey so far and next phase of reformsFor India Inc., including MSMEs, the focus appears to have shifted from stabilisation to optimisation, as confidence grows on account of di...
- Senior citizen mistakenly paid tax on tax-free VRS compensation; wins complete relief from ITAT Chennai on this groundA senior citizen wrongly paid tax on Rs 24 lakh retrenchment compensation received under a BSNL Voluntary Retirement Scheme. Despite a sign...
- Maharashtra cabinet sub-committee clears Rs 1,722-crore Sea Link-Savarkar bridge connectorMaharashtra's infrastructure sub-committee has greenlit a Rs 1,722.40 crore project to build a 3.55-km road connecting the Versova-Bandra S...
- Alera Group data breach settlement: Americans could get up to $3,500 in settlement payouts-know who’s eligible and the claim deadlineA significant data breach settlement from Alera Group Inc. offers thousands of Americans a chance for compensation, with a filing deadline ...
- How a Gujarat car owner claimed Rs 1.25 lakh insurance without any proof of accident?A Surat car owner received Rs 1.25 lakh from ICICI Lombard after a consumer commission ruled the undisputed car damage warranted compensati...
- Lost Rs 50,000 in digital fraud? Soon, you can get 85% amount back if you follow these rules - 3 calculations to explain how this worksAs per the latest RBI guidelines, if you have lodged a complaint for the fraudulent transaction within 5 calendar days, you shall be compen...
- RBI finalises digital banking fraud protection rules; introduces shadow reversal, extends relief to sole proprietorsVictims of digital payment fraud losing up to Rs 50,000 can now get up to Rs 25,000 compensation from banks, effective January 1, 2027. The...
- RBI expands digital fraud protection, introduces compensation for small-value scam victimsThe RBI has expanded customer protection rules for digital payment frauds to cover cases where people are tricked into sending money to sca...
- Instagram seller ordered to pay Rs 10,000 after delaying Rs 807 dress by 10 monthsA Kerala consumer commission ordered an online clothing seller to refund a dress cost and pay Rs 10,000 in compensation and costs. The sell...
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