Goods and Services Tax News
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GST collection in April 2026 shows a surge as compared to data on March.
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Under the operation, the central bank purchased several bonds with different maturity periods.
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The GST collection has registered a growth despite the cut in tax rates that kicked in on September 22, as this has resulted in an increase in the demand for goods and services by consumers, leading to an increase in economic activity.
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The Goods and Services Tax rationalisation has boosted the retail credit market amid better affordability, with credit supply of secured assets such as home loans, auto loans and consumer durable loans showing positive momentum in the September 2025 quarter, a recent report said.
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Total net GST revenue was up 1.3 per cent at Rs 1.52 lakh crore last month.
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E-way bill generation expanded by 14.4 per cent during September and October 2025 on a year-on-year basis. At the same time, cumulative GST collection growth of 9 per cent for April–October 2025 indicates that the underlying revenue stream has remained resilient, aided by firm consumption and improved compliance.
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The government has, as part of GST 2.0, exempted all individual life and health insurance premiums from GST, effective September 22, 2025. Previously, life insurance premiums were subject to GST rates of up to 18 per cent.
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The GST cut could enhance exports of Pashmina wool from the Changthang region, sustaining the livelihood of over 10,000 nomadic herders. The GST reduction is expected to boost the competitiveness of authentic Ladakhi pashmina against imported or machine-made alternatives, the release said.
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The reduction in GST has put more money in people’s hands and when purchasing power increases, inflation automatically decreases.
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Taxpayers can now also file the reconciliation statement using Form GSTR-9C. The deadline for filing the GSTR-9 annual return is December 31, 2025.
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The GST reduction on sub-2-tonne RACs is likely to bring down prices by approximately 6–8 per cent, translating into a saving of around Rs. 2,000–3,000 per unit, offering significant incentive for buyers, a report from ICRA said.
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Despite the changes in GST slabs, ome policy-holders will not be still availing the benefits of Nil taxes on GST. What's the reason? Find out.
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Under the new structure, the majority of goods and services will now come under 5 percent and 18 percent tax bracket. A higher rate of 40 per cent will apply exclusively to ultra-luxury items, sin goods, and other demerit products.
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To address the expected consumer queries and complaints on NCH following the implementation of revised GST charges, rates and exemptions effective from 22 September 2025, a dedicated category has been enabled on the INGRAM portal.
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From life insurance to household expenses --here's all you want to know about the latest tax regime changes under GST 2.0.
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Under the new structure, the majority of goods and services will now be taxed at either 5 per cent or 18 per cent, replacing the previous four-slab system. A higher rate of 40 per cent will apply exclusively to ultra-luxury items, sin goods, and other demerit products.
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GST on gyms or fitness centres was slashed from 18 per cent to 5 per cent, making fitness more affordable and accessible. At the same time, the tax rates on two-wheelers (under 350cc) and small cars have been reduced from 28 per cent to 18 per cent, enhancing youth mobility.
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These 11 items include essential milk products, discretionary products (automobiles, beauty services) and goods, seeing a surge in demand over the past few years (processed food).
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From Pharmaceutical to drones to health and life insurance --here is a list of frequently asked questions on new GST tax regime.
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The reduced prices will come into effect in a week’s time from now, preferably September 22, by when the new GST slabs will apply on products.
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The 56th meeting of the GST Council held last week made recommendations relating to changes in GST tax rates, to provide relief to individuals, common man, aspirational middle class and measures for facilitation of trade in GST.
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In the GST implemented in July 2017, products like petrol, diesel, and alcoholic beverages were kept outside its ambit since then.
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