GST News

GST collection in April 2026 shows a surge as compared to data on March.

The report by TransUnion CIBIL showed that the surge has been supported by a sharp increase in ticket sizes, with the average gold loan amount rising significantly over the past two years to around Rs 1.9 lakh in the December 2025 quarter.  

With this, the total gross GST revenue for the financial year 2025-26 stood at Rs 20.27 lakh crore as of February 28 -- marking an 8.3 per cent year-on-year growth.  

The global ratings anticipates that these growth rates continue to place India above sovereign peers at similar income levels and should continue to support fiscal revenue increase.  

Government data suggests that import-related GST played a key role in driving the growth, supported by stable domestic consumption and trade flows. The rise in collections reflects improved enforcement, wider tax base and better compliance under the GST system.  

An additional excise duty will now be charged on cigarettes and tobacco products, along with a new health and national security cess on pan masala.

The Indian equity markets have turned largely range-bound after giving up most of their recent gains, amid rising global geopolitical risks and persistent tariff-related uncertainties with the US.

The report from reinsurance company Swiss Re said the Indian insurance sector is entering a new era of robust mid-term growth, driven by strong macroeconomic fundamentals and rising consumer demand.  

While global events could be a source of uncertainty, India’s macro fundamentals remain strong, according to smallcase manager report.

A stable taxation framework, FAIFA noted in a statement, is necessary to sustain farmer incomes, protect employment across the value chain, and align economic policy with long-term public health goals.

In an exchange filing, the telecom company said it received the penalty order from the Office of the Additional Commissioner, Central Goods and Services Tax (CGST), Ahmedabad South, on December 31.

According to the notification issued on Wednesday, the government has imposed additional excise duty on cigarettes in the range of Rs 2,050 to Rs 8,500 per 1,000 sticks, depending on the length and type of the product.

December 31 is a crucial deadline for taxpayers, covering belated Income Tax Return filing, GST annual returns, and PAN–Aadhaar linking. Missing this date can lead to late fees, higher tax liability, loss of benefits, or even an inoperative PAN that may disrupt financial transactions. 

The report said that after the removal of GST, the average health insurance cover increased from Rs 14.5 lakh in the pre-GST period to Rs 19 lakh in the post-GST period. This indicates that people are now choosing higher levels of health coverage, as insurance has become more affordable.

The Budget should outline a phased roadmap to bring petroleum, electricity and other excluded inputs under GST to restore tax neutrality and reduce cascading costs for industry, it added. It also listed other priorities including incentivising productive reinvestment and aggressively curtailing the parallel economy.

In a written reply to a question in the Rajya Sabha, Minister of State for Finance Pankaj Chaudhary said that the GST collections during September to November of the current financial year (2025-26) have risen to Rs 2,59,202 crore from Rs 2,46,197 crore in the same period of 2024-25.

The taxable value of all supplies under GST surged by a robust 15 per cent during September-October this year, compared to the same period in 2024 due to sharp increase in consumption triggered by the tax rate cuts on goods across sectors that kicked in from September 22, according to official sources.

Total net GST revenue was up 1.3 per cent at Rs 1.52 lakh crore last month.

In air coolers, inventory levels remain elevated 30-35 per cent above normal, prompting 2-3 per cent price cuts post summer. Lighting-product prices have stabilised since the last 2 months, though dealers remain a bit hesitant to stock up.

Several major GST-affected categories did not show full transmission in October which implies further spillover into November.

The declining trend in food prices continued in October as food inflation fell deeper in the negative zone at (-) 5.02 per cent from (-) 2.28 per cent in September. Food inflation has now continued to stay negative for the fifth consecutive month, bringing welcome relief to household budgets.

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.