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December 2025 gross Goods and Services Tax collections stood at Rs 1.75 lakh crore, marking a 6.1% rise from the previous year. GST collections have surged in the April-December period of 2025-26, with total collections reaching Rs 16.5 lakh crore, up 8.6 per cent from Rs 15.2 lakh crore in the same period last year. […]
The Karnataka High Court has condoned the delay concerning a 60‑year‑old farmer’s application asking for a refund of tax deducted at source (TDS), holding that an incorrect TDS paid under the Income Tax Act due to ignorance of earlier deduction by the Karnataka Mineral Development Corporation (KMDC) cannot be retained by the Revenue. Murigeppa Kashappa […]
In November, India’s gross goods and services tax (GST) collections marked the lowest monthly mop-up since February 2024. The collection on a year-on-year basis has dropped by 0.7% as per the official data. The moderation specifies the effect of rate rationalisation with taxes on most items of consumption being dropped. In November, the net GST […]
In October, 20 out of the 36 states and Union Territories (UTs) in India experienced a decrease in their Goods and Services Tax (GST) collections. This trend represents the weakest monthly performance for the financial year 2025-26 (FY26), as businesses adjusted to the new GST 2.0 rate structure implementation. In October, the State GST collections […]
In October, Goods and Services Tax (GST) collection surged 4.6% to Rs 1.96 lakh crore compared to Rs 1.87 lakh crore in October 2024, as per the data of the government. The net tax collections of the government, post deducting refunds, have arrived at Rs 1.69 lakh crore, or 0.6% more than in October 2024. […]
The Bombay High Court has accepted an appeal for hearing filed by the Principal Commissioner. This appeal challenges a previous decision made by the Pune ITAT, which had ruled in favour of a joint venture involving Subhash and B.T. Patil and Sons, along with N.V. Kharote Construction Pvt. Ltd. The issue is of TDS applicability […]
In September, gross GST collection surged to 9.1% to more than Rs 1.89 lakh crore because of the surge in sales due to the rate rationalisation, the government data specified. In September 2024, the gross GST mop-up was Rs 1.73 lakh crore. Rs 1.86 lakh crore was the last month’s collection. Domestic GST Collections Up […]
The Supreme Court of India has rejected a request from the Union of India regarding the refund of unused taxes related to a system where higher tax rates apply to goods that are typically bought rather than sold. The Court pointed out that this matter had already been resolved in a past decision. Furthermore, the […]
In August, India collected Rs 1.86 lakh crore as Goods and Services Tax (GST), which is 6.5% more compared to the same month last year, as per the data specified. But the number is not more than July’s Rs 1.96 crore. The highest-ever GST collection at Rs 2.37 lakh crore was seen in April 2025. […]
