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GST IMPACT ON STATE REVENUES
Tamil Nadu spends too much; Bengal earns too little: A tale of two deficitsTamil Nadu and West Bengal ended 2023-24 with revenue deficits, but their fiscal challenges differ significantly. Tamil Nadu's deficit stem...- Trent Q1 Update: Standalone revenue rises 19%, driven by Zudio expansionTrent reported 19% year-on-year standalone revenue growth to Rs 5,666 crore in Q1FY27, driven by rapid Zudio expansion. The retailer ended ...
- Trent Q1 revenue rises 19% to Rs 5,666 crore as Westside, Zudio expansion continuesTrent, a Tata Group retailer, saw its revenue surge by 19% in the first quarter of FY27, reaching Rs 5,666 crore. This impressive growth wa...
- VB-G RAM G: A potential rural income hike comes with a burdenIndia's new rural employment scheme, VB-G RAM G, promises more work and higher wages, aiming to boost rural incomes. However, a significant...
- India tightens scrutiny of Chinese herbicide importsIndia is intensifying its watch on glufosinate imports from China, a crucial herbicide. Authorities are investigating if Chinese exporters ...
- Operationalising GST refunds for foreign tourists to promote retail exports: FIEOExporters' body FIEO has urged the government to implement GST refunds for foreign tourists to boost tourism and retail exports. They also ...
- Growth engine revving as GST, auto sales rise despite global roadblocksIndia's economy shows robust growth in Q1 FY27, with GST collections soaring 13.9% to Rs 1.95 lakh crore in June. Car sales surged 24%, and...
- Beyond refunds: Why GST 2.0 is a growth enabler for MSME exportersLiquidity alone won’t close the credit gap that most Indian MSME exporters face. This is where GST 2.0 has its most underappreciated impact...
- 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...
- AI driving credit risk, may threaten jobs and tax revenues in developed economies: FitchFitch Ratings highlights AI and massive digital infrastructure spending as significant global credit risks. While AI promises efficiency, i...
- Why Trump's tariffs had plenty of bark, but limited biteDonald Trump's tariffs, once feared to cripple markets, have had a surprisingly muted impact, with actual levies lower than headline rates....
- 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...
- 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...
- 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...
- India is plotting a game-changer for RBI, banks, corporates, investorsIndia is planning a high-frequency index to track its vast informal economy, covering millions of unincorporated companies. The proposed Mo...
- Auto ancillary sector revenue grew 12.5% in FY26 on volume gains and improved product mix: ReportIndian auto ancillaries witnessed robust revenue growth of 12.5% in FY26, driven by strong volumes and a better product mix. While EBITDA a...
- 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...
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