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As per government data for June 2025, the Goods and Services Tax (GST) collection stood at ₹1.84 lakh crore, marking a 6.2% increase. This reflects steady economic momentum. Since April 2025 recorded GST of Rs 2.37 lakh crore; therefore, GST collection on a month-on-month basis, in the preview month has slipped, followed by Rs 2.01 […]
The Jharkhand High Court held that the State GST authorities are duty-bound under Section 76 of the Jharkhand GST Act (JGST), 2017, to initiate action against any person who collects tax but fails to remit it, regardless of whether the supplier is registered under the CGST or JGST. Jurisdictional excuses or supplier defaults cannot result […]
CBDT has asked income tax officials to track advance taxpayers and identify fake claims of exemptions and deductions in order to improve direct tax collections in the current fiscal year. The central action plan (CAP) for 2025-26 has been issued via the Central Board of Direct Taxes, the policy-making body for the department, which guides […]
In April 2025, the revenue from the Goods and Services Tax (GST) hit an all-time high of ₹2.37 lakh crore. This figure represents a growth of 12.6% compared to the same time last year, based on information from the central government. This outperformed the previous second-highest collection of Rs 2.10 lakh crore recorded in April […]
In the collection of the GST revenue in India, Chhattisgarh has emerged as the fastest-growing state that achieving an unprecedented 18% growth rate in the fiscal year 2024-25, as per the state officials. A total GST revenue collection of Rs 16,390 crore has been recorded in Chhattisgarh, which exceeds all the other states in annual […]
The Supreme Court has emphasized the need for the Central Board of Indirect Taxes and Customs to set realistic timelines for taxpayers to correct bona fide errors in forms while filing GST returns. The bench of CJI Sanjiv Khanna and Justice Sanjay Kumar was hearing a challenge to the Bombay High Court order which authorized […]
The Indian government recommends a 12% temporary tax on certain steel products for 200 days, called a safeguard duty, to curb imports, as per the notice. The Directorate General of Trade Remedies (DGTR), which comes under the federal trade ministry, said in the notice that the “Authority considers that a provisional safeguard duty of 12% […]
In February 2025, Goods and Services Tax (GST) revenue collections increased by 9.1%, reaching Rs. 183,646 crore, primarily driven by a robust double-digit growth in revenue from domestic sources. GST on a gross basis from domestic sources, which is directed to the transactions within the country, has surged to 10.2% to Rs 1,41,945 crore while […]
The Income-tax Act, 2025, in India, which replaces the decades-old Income-tax Act, 1961, was passed by Parliament in August 2025 and received the President’s assent. The government has confirmed that it will come into force from 1 April 2026. Latest Updates Current Tax Law Challenges New Income Tax Act 2025 The Income Tax Act, 2025, […]
