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Business News/Topic/ Goods And Service Tax

GOODS AND SERVICE TAX

Get the latest Goods and service tax news, videos and headlines. Explore more for Goods and service tax breaking news, opinions, special reports and more on mint.

Gross GST collections in April at ₹2.37 trillion was a record, 12.6% more than the same month last year. (istockphoto)

Mint Primer | India’s economy looks strong. What could go wrong?

2 min read . 06 May 2025

India's central GST collection in April from domestic transactions stood at ₹48,634 crore, while the state GST mop-up was ₹59,372 crore. Data also showed that integrated GST from domestic transactions were ₹69,504 crore

GST collection rises 12.6% to highest-ever of ₹2.37 lakh crore in April 2025

3 min read . 01 May 2025

GST on UPI payments? The finance ministry denied media reports claiming that it will levy GST on UPI transactions above ₹2,000. The finance ministry released a statement and termed the reports false, misleading and without any basis.

‘False, misleading’: Govt denies levying GST on UPI transactions

2 min read . 18 Apr 2025

ICICI Prudential Life Insurance received a GST order. IN PICTURE: A cyclist passes a billboard advertisement for British insurance giant Prudential, which has a tie-up with India's ICICI Bank, AFP PHOTO/Sebastian D'SOUZA

ICICI Prudential receives ₹3.67 crore tax order from GST authorities

2 min read . 18 Apr 2025

GST on UPI Payments: The government has denied specific media reports claiming that it is considering proposals to levy a GST of nearly 18 per cent on digital payments made on the UPI platforms above the ₹2,000 threshold.

GST on UPI transactions over ₹2,000? Here's what you need to know

2 min read . 19 Apr 2025

GST Crackdown: GST Intelligence officials have blocked 357 websites of illegal offshore online gaming firms and attached 2,400 bank accounts. This comes as officials gear up to curb tax evasion ahead of the IPL 2025 season. (Pixabay)

GST crackdown! DGGI blocks 357 offshore e-gaming sites ahead of IPL

2 min read . 22 Mar 2025

GST implications vary based on the nature of the properties—residential or commercial—and the landlord's annual income from them.

When do you have to register for GST as a professional landlord?

2 min read . 06 Mar 2025

Hyundai Motor India shares closed 0.28 per cent higher at ₹1,729.50 after Friday's stock market session. (REUTERS)

Hyundai Motor India receives GST notices worth nearly ₹17.5 crore

2 min read . 01 Mar 2025

India's GST Collections: According to the data, the central GST stood at ₹35,204 crore, the State GST at ₹43,704 crore, the Integrated GST at ₹90,870 crore, and the compensation cess at ₹13,868 crore in February 2025.

India's GST collection rises 9.1% to ₹1.84 lakh crore in February 2025

2 min read . 01 Mar 2025

Indian Overseas Bank (IOB) shares closed 4.56 per cent lower at ₹43.54 after Friday's stock market session.

THIS state-run bank receives GST notice of ₹699.5 crore, stock down 5%

1 min read . 28 Feb 2025

Life Insurance Corporation of India received a GST notice on Monday, February 24. (Reuters)

LIC receives ₹57.2 crore GST notice from Delhi Government

1 min read . 24 Feb 2025

Just over 38,000 CNG two-wheelers were sold in India in 2024, according to government data.

Budget 2025: Heavy industries ministry seeks GST rate cut on CNG two-wheelers

3 min read . 30 Jan 2025

GST is a significant improvement over the earlier excise and sales tax regime but there is still much to be done.

Simplify India’s GST regime: The case for it is clear and it’s time to act

5 min read . 14 Jan 2025

The trends confirm the reversal of a structural transformation of the economy, with workers moving back from factories to farms,

Time is running out to revive India’s manufacturing sector

3 min read . 26 Dec 2024

The current regime of making the recipient entity liable to charge the tax on the transaction and pay the government is an exception to the general indirect tax rule of suppliers of goods or service collecting the same and remitting to the government. (HT)

Tax burden on corporate sponsorships eased

2 min read . 23 Dec 2024

Indirect taxes are inherently regressive. It’s the job of direct taxes to ensure the rich pay much more.

Mint Quick Edit | Don’t over-roast popcorn with GST

1 min read . 23 Dec 2024

The 55th GST Council Meeting is set to be held on December 21, 2024. (iStockphoto)

GST Council Meeting: Industry eyes lower GST on health insurance premiums

2 min read . 12 Dec 2024

FICCI's Chairperson of the Electric Vehicle Committee welcomed the PM E-Drive scheme but also highlighted that the incentive amount needs to be reviewed. (Bloomberg)

FICCI's EV head calls for tax cuts on batteries, charging to lower costs

1 min read . 19 Nov 2024

GST collection rises 6.5% to ₹1.73 lakh crore in September (iStockphoto)

GST collection rises 6.5% to ₹1.73 lakh crore in September

1 min read . 01 Oct 2024

Despite the success of DPI, questions are still being asked if DPI is reaching the intended beneficiaries

Thank digital tools for small businesses going formal on their own

4 min read . 10 Sep 2024