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In January 2026, Goods and Services Tax (GST) collections of India have attained Rs 1,93,384 crore, exhibiting a robust year-on-year rise of 6.2 per cent. In January 2025, Rs 1,82,094 crore was the revenue. Cumulatively, from April to January FY26, gross GST receipts of Rs 18,43,423 crore, up 8.3 per cent compared to Rs 17,01,891 […]
The petitioner, Anil Kumar, the proprietor of N.S. Super Mart contested a Show Cause Notice (SCN) on December 15, 2023. Subsequently, an order-in-original was issued on April 3, 2024, under the Delhi GST law. The GST SCN proposed a tax demand of ₹10.91 lakh, citing alleged excess Input Tax Credit (ITC) due to discrepancies between […]
In India, the annual Union Budget introduces revisions that impact the Goods and Services Tax (GST) system. Similarly, the Union Budget 2026 has brought updates aimed at simplifying tax rates, easing procedures, improving compliance, and incorporating new technology. Businesses and tax experts should grasp such revisions and ensure that they are effectively integrated into their […]
The government’s commitment to MSMEs is outlined in the Union Budget 2026 through various announcements aimed at improving liquidity, facilitating compliance, and strengthening the formal business environment. The important thing specified under the Finance Minister’s Budget speech is the need to reduce operational hassles for Micro, Small, and Medium Enterprises (MSMEs), particularly concerning taxation, credit […]
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 […]
The Karnataka High Court, specifically the Dharwad Bench, has overturned a GST demand order that exceeded Rs 7.23 crore. The court found that the tax department did not follow the necessary procedure of giving a personal hearing to the affected party before issuing an unfavourable decision. The bench of Justice Lalitha Kanneganti said that Section […]
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 Orissa High Court, in a ruling, quashed a GST assessment order passed against an unregistered contractor after finding that the proceedings were initiated due to confusion arising from identical names and erroneous reliance on data from the Works and Accounts Management Information System (WAMIS) and the Income Tax portals. The applicant, Srikant Das, was […]
President Droupadi Murmu announced that the Union government is committed to making significant changes that will positively impact the lives of poor and middle-class citizens. These changes include new tax reforms that aim to make the tax system fairer and more efficient, helping to ensure that more people benefit from government policies. The President, addressing […]
