Punjab Records 21.51% Growth in Net GST Collections (April-October) Issue: To assess the revenue performance of Punjab’s Goods and Services Tax (GST) collections for the first seven months of the fiscal year (FY 2025-26), noting its growth trajectory despite challenges like widespread floods and national GST rate rationalization. Facts: The period covered is from… Read More »
SBI Report: FY26 GST Revenue to Exceed Budget Targets, States Will Remain Net Gainers Issue: To analyze the long-term revenue impact of the GST 2.0 rate rationalization on the Central and State exchequers, forecasting whether the increased consumption volume (buoyancy) will fully compensate for the sharp reduction in tax rates and ensure overall fiscal… Read More »
Andhra Pradesh Net GST Collections Up 8.77% in October Issue: To report on the revenue performance of Andhra Pradesh’s Goods and Services Tax (GST) collections in October 2025, particularly noting its growth rate despite the recent GST rate rationalization (GST 2.0) that reduced taxes on many goods. Facts: The GST rate reduction on several… Read More »
GST Transition Issues Persist for FMCG Players Through October Issue: To assess how long the short-term disruptions and compliance challenges related to the GST 2.0 rate rationalization persisted in the Fast-Moving Consumer Goods (FMCG) sector’s supply chain, particularly regarding inventory and pricing adjustments. Facts: GST 2.0 came into effect on September 22, 2025, slashing… Read More »
GST Cut Fuels Registration of Nearly 10,000 New Vehicles in Chandigarh Issue: To analyze the surge in new vehicle sales and registrations in Chandigarh during the September-October festive period, and to confirm the role of the recent Goods and Services Tax (GST) rate reduction as the primary economic catalyst. Facts: The GST cut on… Read More »
Public Relations Committee The Institute of Chartered Accountants of India November 03, 2025 ICAI PRESS RELEASE ICAI Submits Pre-Budget Suggestions for Union Budget 2026-27, Advocating Prudent Tax Reforms and Sustainable Growth In the Pre-budget Meeting for Union 2026-27, ICAI presented its Pre-budget Suggestions advocating prudent tax reforms aimed at facilitating ease of doing business and encouraging… Read More »
SBI Report: October GST Collections Defy Rate Rationalisation Fears Issue: To analyze the actual impact of the Goods and Services Tax (GST) rate rationalization (GST 2.0) on revenue collections, specifically addressing the widespread apprehension among state governments and economists about a massive decline in GST revenue post-rate cuts. Facts: GST rates were slashed on… Read More »
UPI Transactions Hit Record ₹27.28 Trillion in October Issue: To analyze the dramatic surge in the volume and value of transactions processed through the Unified Payments Interface (UPI) during October 2025 and identify the major economic and policy factors contributing to this record growth. Facts: The GST 2.0 rate rationalization, which slashed tax rates… Read More »
Government Introduces 5% GST on Horse Sales at Pushkar Fair Issue: The state Goods and Services Tax (GST) department introduced a tax levy on the sale of horses at the renowned Pushkar Fair, marking a new step in formalizing and taxing the high-value animal trading sector. Facts: The state GST department introduced a 5%… Read More »
Zydus Lifesciences Faces ₹74 Crore Demand Over IGST Refund Calculation Issue: The Common Adjudication Authority raised a large tax demand against Zydus Lifesciences Ltd. for the alleged excess claim of Integrated Goods and Services Tax (IGST) refund on the export of goods, based on a dispute over the correct valuation method. Facts: Zydus Lifesciences… Read More »