10 Feb 2026 06:47 PM
New

GST Registration Threshold Limit

Source: https://taxguru.in/goods-and-service-tax/gst-registration-threshold-limit.html

In a written reply to an unstarred question in the Lok Sabha, the Ministry of Finance clarified that GST registration thresholds are determined solely on the recommendations of the GST Council. At GST’s launch, the threshold was ₹20 lakh (₹10 lakh for special category States).

10 Feb 2026 06:44 PM
New

Printed Educational and Medical Books Already Exempt From GST: Government

Source: https://taxguru.in/goods-and-service-tax/printed-educational-medical-books-exempt-gst-government.html

In response to a Lok Sabha question on whether GST on medical and educational books is adding to the financial burden on students and learners, the Ministry of Finance clarified the current legal position. The Government stated that GST rates and exemptions are determined on the recommendations of the GST Council, a constitutional body comprising representatives of the Centre and States/UTs. Addressing the concern directly, it was clarified that printed books, including Braille books, are presently exempt from GST.

09 Feb 2026 05:52 PM
New

Consumer watchdog orders Barbeque Nation to discontinue service charge

Source: https://www.livemint.com/news/india/barbeque-nation-service-charge-ccpa-service-charge-11770608909507.html

New Delhi: The Central Consumer Protection Authority (CCPA) has directed Barbeque Nation Hospitality Ltd to stop levying a service charge at its restaurants, reinforcing the government’s tightening stance on billing practices that regulators and courts have repeatedly flagged as unfair to consumers.

09 Feb 2026 05:42 PM

Tax dodgers beware: I-T is searching GST data to widen tax base

Source: https://www.livemint.com/economy/it-department-to-tap-gst-data-to-expand-income-tax-base-11770544265366.html

The move to expand the country's direct tax base and boost tax buoyancy comes after the sharp tax rate cuts for individuals this financial year moderated I-T revenue growth, the people cited above said on the condition of anonymity.

07 Feb 2026 05:58 PM

Petition for Rationalisation of Fees Prescribed for GST Appellate Tribunal (GSTAT)

Source: https://taxguru.in/goods-and-service-tax/petition-rationalisation-fees-prescribed-gst-appellate-tribunal-gstat.html

The Sales Tax Bar Association (Regd.), New Delhi submitted multiple petitions on 4 February 2026 to key authorities seeking urgent rationalisation of appeal and application fees prescribed for the Goods and Services Tax Appellate Tribunal.

06 Feb 2026 06:32 PM

JLR weighs on Tata Motors PV in Q3 as cyberattack costs reach £260 million

Source: https://www.livemint.com/companies/company-results/jlr-weighs-on-tata-motors-pv-in-q3-as-cyberattack-costs-reach-260-million-revenue-net-profit-11770302076500.html

Even as its India business significantly grew both revenue and profit due to federal tax cuts and a festive season rush, Tata Motors Passenger Vehicles Ltd’s consolidated numbers in the October-December quarter were pulled down by the impact of a cyber attack on its UK-based subsidiary Jaguar Land Rover (JLR).

06 Feb 2026 07:04 PM

Hero MotoCorp posts highest-ever quarterly revenue as GST cuts spur demand

Source: https://www.livemint.com/companies/company-results/hero-motocorp-continues-tvs-bajaj-record-run-in-q3-as-gst-cuts-deliver-bonanza-for-two-wheeler-makers-11770307726529.html

Hero MotoCorp, India's largest two-wheeler maker, on Thursday said its profit rose 15% year-on-year to ₹1,275 crore in the third quarter of financial year 2026 (FY26), while revenue climbed 21% to ₹12,784 crore.

06 Feb 2026 06:44 PM

LIC takes ₹1,400 crore hit from loss of GST-linked input tax credit

Source: https://www.livemint.com/companies/company-results/lic-takes-1-400-crore-hit-from-loss-of-gst-linked-input-tax-credit-doraiswamy-11770305803667.html

Life Insurance Corp. (LIC) has taken a hit of ₹1,400 crore due to the loss of input tax credit after certain life and health plans were exempted from the goods and services tax (GST).

05 Feb 2026 06:31 PM

Impact of GST Exemption on Insurance Premiums

Source: https://taxguru.in/goods-and-service-tax/impact-gst-exemption-insurance-premiums.html

In a reply to an unstarred question in the Rajya Sabha, the Government stated that, based on recommendations of the GST Council, GST exemption was granted on all individual life insurance and individual health insurance policies (including family floater) along with their reinsurance, effective from 22 September 2025.

04 Feb 2026 06:51 PM

Simplified GST Structure Expected to Drive GDP and Formal Economy

Source: https://taxguru.in/goods-and-service-tax/simplified-gst-structure-expected-drive-gdp-formal-economy.html

In response to a Lok Sabha question, the Government explained that GST 2.0 is designed to support India’s economic growth through a simplified and rationalised tax structure that reduces compliance costs and encourages formalisation. According to the Ministry of Finance, the move towards a simplified two-rate GST structure and lower tax rates on essential goods, healthcare, e-commerce, and emerging sectors is expected to improve affordability, stimulate household consumption, and widen the tax base by drawing small businesses into the formal economy.