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On Sunday, February 1, 2026, Finance Minister Nirmala Sitharaman presented the Union Budget for the Financial Year 2026-27 in the Lok Sabha. This amendment is notable in the 2026 budget for its practical, litigation-reducing GST reforms, which simplify compliance while maintaining revenue safeguards. This makes it one of the most business-friendly GST changes introduced this […]
In the Union Budget, the Coaching Federation of India has urged Finance Minister Nirmala Sitharaman to rationalise Goods and Services Tax (GST) on coaching and supplementary education services, claiming the existing tax structure is pushing up costs for parents and squeezing small education businesses. The Coaching Federation of India (CFI), New Delhi, in a representation […]
The Goa Chamber of Commerce and Industry (GCCI) has formally petitioned Union Finance Minister Nirmala Sitharaman to waive late fees for filing GST annual returns (GSTR-9) and reconciliation statements (GSTR-9C) for FY 2024-25. Specifically, the GCCI requests that the Ministry extend the filing deadline to January 31, 2026, and grant relief on penalties, citing the […]
The Finance Minister Nirmala Sitharaman stated that the Goods and Services Tax (GST) rate rationalisation has rectified the inverted duty structure faced by various industries and ensured that any remaining cases identified by the industry will be addressed. She answered the discussion in the Rajya Sabha concerning the Manipur Goods and Services tax (Second Amendment) […]
Finance Minister Nirmala Sitharaman announced that from November 1, 2025, the government will roll out an easier GST registration system that provides automatic approval in three working days for most new applicants. The objective of this initiative under the GST 2.0 reforms package approved by the GST council is to facilitate compliance and reduce human […]
Bombay Chartered Accountant Society (BCAS) has urged the Finance Minister, through a representation, to request an extension of the statutory due date for filing the return in Form GSTR-3B and release tax liability for the month/quarter ending September 2025. Because of logistical issues on weekends and major festivals, the same request has been arrvied. Taxpayers […]
The Delhi Sales Tax Bar Association, a well-established group of tax professionals in India, has approached the Union Finance Minister with an important request. They are asking for the quick setup of the GST Annual Return (Form GSTR-9) and Reconciliation Statement (Form GSTR-9C) for the financial year 2024-25 on the GST online platform. This will […]
The Gross GST collection of the state has registered collections of ₹13,971 crore, a rise in the rate of 22.35%, during the first half of the financial year (April–September). It is an effective rise compared to ₹11,418 crore GST collected in the same period last year, Finance Minister Harpal Singh Cheema cited. “Over the first […]
In a meeting with the CBIC chairman, FMCG, along with executives from consumer-facing industries, sought the government’s assistance in tracking the costs post the new goods and services tax (GST) rates that came into force, to ensure that consumers receive the benefits. Many executives requested that CBIC issue directives to all FMCG firms to execute the rate […]
