RBI Dividend Expected to Offset GST Revenue Shortfall in FY26 Issue: To assess the overall fiscal balance for the government in the current financial year (FY26), particularly how the anticipated revenue shortfall from Goods and Services Tax (GST) rate cuts will be managed and offset by higher-than-budgeted non-tax revenue. Facts: The recent GST rate… Read More »
RBI Dividend Expected to Offset GST Revenue Shortfall in FY26 Issue: To assess the overall fiscal balance for the government in the current financial year (FY26), particularly how the anticipated revenue shortfall from Goods and Services Tax (GST) rate cuts will be managed and offset by higher-than-budgeted non-tax revenue. Facts: The recent GST rate… Read More »
GST Team Sets Up Camp at Pushkar Fair for Tax Compliance Issue: To enforce tax compliance and collect the recently introduced Goods and Services Tax (GST) on high-value horse sales at the traditional Pushkar Fair in Rajasthan. Facts: The state GST department recently introduced a 5% GST on the sale of live horses. The… Read More »
GST and Festive Demand Drive Double-Digit Growth in Vehicle Sales in October Issue: To report on the comprehensive recovery and growth across all major vehicle segments in October 2025, driven by the festive buying spree and the consumer stimulus provided by the revised Goods and Services Tax (GST) rates. Facts: The GST rate rationalization… Read More »
GSTAT: 18% Interest on Anti-Profiteering Amounts is Prospective Issue: Whether the provision for imposing 18% interest on amounts determined as profiteered under the Goods and Services Tax (GST) anti-profiteering rules can be applied retrospectively to cases of profiteering that occurred before the effective date of the relevant rule amendment. Facts: The Directorate General of… Read More »
GST Cuts Fuel Two-Wheeler Sales; Car Market Struggles with Supply Issue: To analyze the differential impact of the Goods and Services Tax (GST) rate rationalization and the festive season on the two-wheeler and four-wheeler segments in the automotive market, noting the reasons for the uneven recovery. Facts: The GST rate cut was declared and… Read More »
Exporters Seek Interest Relief and Quicker GST Refunds Issue: Indian exporters are grappling with severe cost disadvantages due to high US import tariffs and delayed financial liquidity, prompting them to approach the government for a comprehensive package of credit support, tax relief, and expedited Goods and Services Tax (GST) refund mechanisms. Facts: Indian exports… Read More »
Karnataka and Telangana Lead Large States in GST Revenue Growth Post-Rate Cut Issue: To analyze the Goods and Services Tax (GST) revenue performance of major states in October 2025, specifically determining which large states effectively countered the revenue drag from the recent GST rate rationalization (GST 2.0). Facts: The GST rate rationalization initiative, which… Read More »
FM Sitharaman: Government Working on Next-Generation Customs Reforms Issue: To announce the government’s focus on implementing a new phase of structural reforms aimed at simplifying and modernizing the Customs framework, building upon the success of the GST implementation. Facts: The government recently concluded the significant Goods and Services Tax (GST) reforms, simplifying the indirect… Read More »
GST Revenues Still Trail Pre-GST Levels: PRS Report Issue: To analyze the Goods and Services Tax (GST) revenue collections over the seven years since its implementation, comparing the current revenue realization as a percentage of GDP to the collection levels of the various indirect taxes it replaced. Facts: The GST replaced several central and… Read More »