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IGST
India's gross GST collections ease to Rs 1.94 lakh crore in May from April record as growth slows to 3.2%India's Goods and Services Tax collections saw a moderation in May 2026, reaching Rs 1.94 lakh crore. This figure represents a 3.2% increas...- Gold imports under India, UAE FTA quota remain modest: OfficialGold imports under a special trade deal with the UAE have seen low usage. The India-UAE Comprehensive Economic Partnership Agreement offers...
- Gold imports from Dubai may rise after duty hike: GTRIIndia's recent hike in import duties on gold and silver opens the door for enhanced trade relations with Dubai. Thanks to the India-UAE tra...
- Rising duties may cut India’s gold imports sharply: Mohammed ImranIndia's bullion market faces a significant reset as the government hikes import duties on gold and jewellery. Analysts predict this will co...
- Kalyan Jewellers, Titan, other jewellery stocks crash up to 6% as Centre hikes gold customs duty to 15%Jewellery stocks like Kalyan Jewellers and Titan Company tumbled up to 6% after the government hiked customs duty on gold and silver import...
- India raises gold, silver import duty to 15% to curb imports, support rupee amid West Asia crisisGold, silver import duty hike: India has significantly raised customs duties on gold, silver, and platinum imports to 15% and 15.4%, respec...
- Centre working to restore gold import tax exemption for banks; shipments resume after IGST glitch: IBJAThe Centre is expected to issue a rectification order within 48-72 hours to restore the tax exemption for gold-importing banks after a noti...
- 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...
- Indian April gold imports fall to near 30-year low as tax demand hits shipmentsIndia’s gold imports in April are set to fall to around 15 metric tons, a near 30-year low, as banks halted shipments following a 3% IGST d...
- Foreign betting sites pull a prank on taxmanOffshore gaming firms found a way to use the site name cgstahmedabadzone.gov.in to create additional, fake pages, complete with sub-links t...
- Supreme Court of India seeks replies on 28% IGST plea on phone batteriesThe Supreme Court is examining a customs department appeal. It seeks higher taxes on imported lithium-ion batteries for mobile phones. Manu...
- Amid West Asia war, FY26 goods exports may fall 2-3%: FIEOIndia's goods exports may see a 7-8% drop in March due to the West Asia conflict. Full fiscal year 2026 exports could be 2-3% lower. Howeve...
- SC seeks response from IndiGo's parent company in Customs IGST disputeThe Supreme Court has sought a response from IndiGo's parent company, InterGlobe Aviation, regarding the customs department's appeal agains...
- Supreme Court relief for IndiGo & SpiceJet: No retrospective IGST on reimported aircraft partsThe Supreme Court provided relief to InterGlobe Aviation and SpiceJet. It dismissed the customs department's appeal. The appeal sought inte...
- Delhi HC asks government to place issue of IGST on oxygen concentrators in Friday GST council meetThe issue of IGST on oxygen concentrators may already be addressed by the GST council on Friday. The council could look at doing away with ...
- GST Council may decide on IGST levy on oxygen concentrators imported for personal use on May 28The Delhi High Court last week said that imposition of 12 per cent Integrated GST (IGST) on oxygen concentrators for personal use or those ...
- Delhi HC: No IGST levy on oxygen concentrators imported for personal useThe Delhi High Court has ruled that the government cannot levy integrated goods and service tax (IGST) on oxygen concentrators that are imp...
- Two traders arrested for Rs 50 crore IGST refund fraudAn official explained that non-existent suppliers issued invoices for passing of the ITC utilised for payment of IGST on exported goods and...
- Businesses can use IGST credit to settle centre, state tax dues: CBICThe CBIC has now clarified that the IGST credit can be used in payment of CGST or SGST in any order or proportion.
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