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The Ministry of Finance must adopt a time-bound approach and proactively coordinate with state governments for full operationalisation of the Goods and Services Tax Appellate Tribunal (GSTAT) benches across the country, A Parliamentary Standing Committee suggested. The Standing Committee on Finance, chaired by BJP MP Bhartruhari Mahtab, in its latest Action Taken Report, raised concern […]
In July 2025, India’s Goods and Services Tax (GST) collections surged to ₹1,95,735 crore, marking a 7.5% year-on-year increase from ₹1,82,075 crore in July 2024, according to provisional data from the Finance Ministry. The rise was driven by higher domestic transactions and import collections, indicating continued economic activity, although the pace of growth has moderated. […]
As the Goods and Services Tax (GST) completes eight years since its introduction, a report by SBI Research states that only five states account for nearly 50% of all active GST taxpayers in India. It specifies that only some of the states are where most of the tax is collected. Also, it is expected from […]
The Bombay High Court, concerning the clash between the procedural compliance and substantive tax credit under the GST transition, ruled that the manual revisions to pre-GST returns cannot be rejected only because electronic filing was unavailable. An order of the Deputy Commissioner, CGST Raigad, which had rejected M/s. Johnson Matthey Chemicals India Pvt. Ltd., the […]
A nationwide verification drive was initiated by the Income Tax Department on Monday, aimed at individuals and entities involved in submitting false claims for deductions and exemptions on their I-T returns. According to the Central Board of Direct Taxes (CBDT), the scope of this exercise is comprehensive, extending beyond deductions for donations to encompass those […]
Eight years have passed since the launch of GST in our country on July 1, but it will be good to note how the states have performed in GST collection. Between FY19 and FY25, the state of Odisha has recorded the highest growth in collections. The GST portal data specifies that the collections of Odisha […]
The Income Tax Appellate Tribunal in Ahmedabad has confirmed a decision to add ₹45.5 lakh to a person’s income due to claims of fake agricultural income. This means that the tribunal found that the individual was improperly reporting income from farming that wasn’t real. It was discovered that the taxpayer’s explanation that there has been […]
The Delhi High Court noted that a GST demand raised against a taxpayer regarding availing of ITC and the utilisation case prima facie includes a double demand. The applicant has been furnished with the freedom by a division bench of Justices Prathiba M. Singh and Rajneesh Kumar Gupta to approach the Appellate Authority against such […]
Towards the issuance of GST audit scrutiny notices under Section 74(A), tax experts and industry representatives raised concerns regarding bogus practices at the GST conclave, jointly organised by the Central GST (CGST) Ahmedabad Zone and the Gujarat Chamber of Commerce and Industry (GCCI). The experts mentioned that these notices are to be reserved merely for […]
