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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 […]
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 […]
In FY 2024-25, the gross collection of goods and services tax (GST) in India reached an all-time high of ₹22.08 lakh crore, marking a 9.4% year-on-year rise compared to the previous fiscal year, as stated in the official statement. GST in 2024-25 has recorded its highest ever gross collection of Rs 22.08 lakh crore, showing […]
Circular No. 07/2025 has been issued by the Central Board of Direct Taxes (CBDT) that grants relief to the taxpayers whose income tax returns were filed late, though accepted under the condonation of the delay provisions. The same has emerged when issues were raised for the non-processing of these returns, which results in delayed refunds. […]
With the easier compliance and supported business growth of the new tax regime, India Inc. has had an overall positive experience with the Goods and Services Tax (GST) over the past eight years; however, transparency in norms and effective dispute resolution are still necessary. Deloitte India’s GST@8 survey highlighted the importance of having better ways […]
The Gujarat High Court has ruled that a specific rule in the tax regulations, known as Rule 96(10) of the CGST Rules, 2017, will apply going forward, but can also be used in current cases that are still being processed. The Division Bench of Justices Bhargav D. Karia and D.N. Ray on the issue said […]
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 […]
Pidilite Industries Limited, a prominent manufacturer of adhesives, sealants, and construction chemicals in India, has announced that it has been issued a penalty order of Rs. 13.18 lakh by the Central Goods and Services Tax (CGST) authorities in Vapi, Gujarat. The company has received the penalty for FY 2020-21 via email dated June 4, 2025, […]
The taxpayer is allowed to rectify GSTR 3B on par with the contents of GSTR 1, the Patna High Court stated. In the government, no system of rectification of any return is there once it is furnished. The taxpayer has furnished the application to rectify the GSTR 3B on par with GSTR 1 of the […]
