- 26 Mar 2026 05:55 PM
- New
It’s sad that India’s 16th Finance Commission award has given up a tradition of tax-sharing impartiality
The 16th Finance Commission’s report reveals a centrist bias in vertical tax devolution, its tax-sharing formula among states and its critique of freebies focused just on state-level handouts. Overall, India’s poorer states will lose out as efficiency gets the better of equity.
The Finance Commission is a key pillar of India’s federal fiscal architecture. A constitutional body appointed every five years, it is expected to arbitrate impartially between the central and state governments and among the latter themselves in allocating tax revenues collected by the Central government on behalf of all administrations.
- 25 Mar 2026 06:33 PM
- New
Never waste an oil crisis: Time to go for market-oriented reforms in India’s oil and gas sector
This shock could be worse than all such shocks of the past. For resilience, we need a central plan for energy to work in tandem with market forces. Let GST take fuel products into its fold, set the pricing of these items free and privatize all state-run oil marketing companies except one.
Read More- 25 Mar 2026 06:29 PM
- New
Swiggy follows suit after Zomato raises platform fee per order amid Middle East conflict — check new rate
Food delivery platform Swiggy has increased its platform fee to ₹17.58 per order, according to its app on Tuesday, following a similar hike by rival Zomato in recent days. Swiggy had last raised its platform fee in September of last year.
Read More- 19 Mar 2026 07:11 PM
₹88.74 Crore Spent on GST Bachat Utsav Awareness Campaign
The Government informed the Lok Sabha that a total expenditure of ₹88.74 crore was incurred on advertising and promotional activities for the GST Bachat Utsav campaign. The initiative was aimed at creating public awareness about GST rate rationalisation decided during the 56th GST Council meeting held on 3 September 2025.
Read More- 19 Mar 2026 07:13 PM
Sequential Filing of GSTR-1 Before GSTR-3B Made Mandatory
Source: https://taxguru.in/goods-and-service-tax/sequential-filing-gstr-1-gstr-3b-mandatory.html
The Government informed the Lok Sabha about several reforms introduced to simplify Goods and Services Tax (GST) compliance and return filing procedures. Key initiatives include enabling NIL GST return filing through SMS and implementing e-invoicing from August 1, 2023, which auto-populates invoice data into GSTR-1 and facilitates filing of GSTR-3B.
Read More- 19 Mar 2026 07:04 PM
Impact of GST Rationalisation On Tourism And Hospitality Sector
Source: https://taxguru.in/goods-and-service-tax/impact-gst-rationalisation-tourism-hospitality-sector.html
The Government informed the Lok Sabha that the GST Council, based on the recommendations of the Group of Ministers on rate rationalisation, reduced the GST rate on hotel accommodation services priced up to ₹7,500 per day from 12% with input tax credit (ITC) to 5% without ITC in its 56th meeting held on 3 September 2025.
Read More- 18 Mar 2026 06:47 PM
GST on Adult & Clinical Diapers Reduced to 5% Instead of Exemption
The Government informed the Lok Sabha that Goods and Services Tax (GST) rates and exemptions are determined based on the recommendations of the GST Council, a constitutional body comprising representatives of the Union and State Governments. In response to a query regarding removal of GST on adult and clinical diapers, the Government clarified that the GST Council, in its 56th meeting held on 3 September 2025, recommended reducing the GST rate on such products from 12% to 5%.
Read More- 18 Mar 2026 06:34 PM
Format of Certificate of ITC Reversal by the Recipient of Goods and Services
The document provides a format for a certificate confirming reversal of Input Tax Credit (ITC) by the recipient of goods or services in relation to credit notes issued under the Central Goods and Services Tax Act, 2017 and corresponding state GST laws.
Read More- 18 Mar 2026 06:50 PM
No Separate GST Rate for Ultra-Processed Foods as Tax Based on HSN Classification
The Government informed the Lok Sabha that Goods and Services Tax (GST) rates on food products, including ultra-processed foods (UPFs) and foods high in fat, sugar, or salt (HFSS), are determined based on the Harmonised System of Nomenclature (HSN), which classifies products under chapters 1 to 21. GST rate schedules are prescribed on the recommendations of the GST Council, comprising representatives of the Union and State Governments.
Read More- 18 Mar 2026 06:38 PM
Impact of GST Rationalisation for Hospitality Industry
Source: https://taxguru.in/goods-and-service-tax/impact-gst-rationalisation-hospitality-industry.html
The Government informed the Lok Sabha that the GST Council, based on the recommendations of the Group of Ministers on rate rationalisation, reduced the GST rate on hotel accommodation services priced up to ₹7,500 per day from 12% with Input Tax Credit (ITC) to 5% without ITC during its 56th meeting held on 3 September 2025. The change was introduced to simplify the tax structure in the hospitality sector and reduce transaction costs.
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