India’s gross domestic product (GDP) expanded at 7.8% in June quarter (Q1FY27), beating the RBI 7% projection and a Mint poll’s 7.4% median forecast.
Read MoreNEW DELHI: India’s gross goods and services tax (GST) collections rose 14.8% to ₹1.99 trillion in August from ₹1.74 trillion a year earlier, with collections from imports contributing significantly to the increase, according to provisional data released by the finance ministry on Tuesday.
Read MoreUttarakhand Chief Minister Pushkar Singh Dhami held a dialogue with traders, industry representatives and office-bearers of trade bodies from Kumaon at ITC Fortune in Haldwani. Dhami heard concerns and suggestions and assured participants that the government would take action.
Read MoreAt its 56th meeting on 3 September 2025, the GST Council approved one of the biggest overhauls of the indirect tax regime since its introduction
Read MoreSummary: The Central Bureau of Investigation (CBI) arrested an IRS officer serving as Additional Commissioner of Central Goods and Services Tax (CGST) in Raigad, Maharashtra, along with a Superintendent of CGST, Raigad, and a private person on 27.08.2026 in connection with an alleged bribery case.
Read MoreThe move comes as smartphone shipments in India fell 10-11% year-on-year in the April-June quarter, the steepest decline in a June quarter in six years.
Read MoreTata Steel has won a major reprieve in a long-running GST dispute after the Supreme Court quashed a tax demand of ₹890.52 crore, an equivalent penalty and applicable interest against the steelmaker
Read MoreSource: https://taxguru.in/goods-and-service-tax/cag-flags-gstn-gaps-works-contract-tax-deficiencies.html
Summary: The Comptroller and Auditor General of India presented Compliance Audit Report No. 20 of 2026 on Goods and Services Tax in Parliament on 12 August 2026, covering the period ended March 2024. The Report examines CBIC-administered GST issues, including GSTN’s IT system and Works Contract and Construction Services. Indirect tax collections increased by ₹1,14,847 crore, or eight per cent, during FY24 over FY23, while Central GST revenue increased by 13 percent.
Read MoreThe case could have implications beyond Jio for large businesses with multiple GST registrations that distribute common-service credits across states.
Read MoreGST registration generally becomes applicable when aggregate annual turnover exceeds ₹20 lakh, while a lower ₹10 lakh threshold applies in certain special category states.
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