45 news articles11 Jun 2026 to 07 Nov 2026
Every DailyConnects briefing covering GST, in order, with exam-focused key numbers. Grouped purely by entity identity — never mixed with similar-but-unrelated news.
Uttar Pradesh retained the top position in total GST assesses with over 22.68 lakh, followed by Maharashtra and Gujarat, as of October 31. Total GST assesses on…
₹2.5 LThe Supreme Court upheld states’ legislative competence to impose additional sales tax or surcharge calculated on dealers’ sales tax liabilities. A seven-judge …
India's gross Goods and Services Tax (GST) collections rose 22.9% year-on-year to ₹2,31,290 crore in October 2026. The October 2026 collection is the second-hig…
₹2,31,290 crThe GST Council, at its 57th meeting on 8 October 2026, recommended a 5% GST rate without input tax credit (ITC) on delivery services for goods supplied through…
5%The 57th GST Council meeting held on October 8 approved GST reforms covering registration, returns, refunds and post-supply discounts, to be implemented in phas…
90%Central Board of Indirect Taxes and Customs (CBIC) directed its field formations to immediately stop carrying out arrests under GST as an interim measure. The G…
The Ministry of Finance raised India's GDP growth forecast for FY 2026-27 (FY27) to 7.3% from the 6.8-7.2% estimated in the Economic Survey in February 2026, ba…
7.3%The Central Board of Indirect Taxes and Customs (CBIC) notified changes in Central GST rules allowing small e-commerce sellers to declare an e-commerce operator…
₹2.5 LThe CBIC clarified that Section 74(1) or Section 74A(5)(ii) of the CGST Act cannot be invoked merely for non-payment of GST without specific evidence of fraud, …
100%The GST Appellate Tribunal (GSTAT), Ernakulam bench, ruled that GST paid on cancelled airline tickets can be refunded if the airline has returned both fare and …
₹45,92,528The GST Council approved changes to GST return forms on October 8 to curb mismatches between sales reported by businesses and the tax they pay, a key trigger fo…
80%Karnataka, Maharashtra, Uttar Pradesh, Gujarat and Tamil Nadu will be permanent members of the new GST Standing Committee. The GST Standing Committee will have …
The GST Council's Law Committee has proposed raising the monetary threshold for prosecution under GST law to ₹10 crore from the existing ₹5 crore, which was las…
₹10 crThe Department of Telecommunications (DoT), through a circular dated October 13, 2026, directed telecom operators to roll out Calling Name Presentation (CNAP) a…
The 57th GST Council has recommended extending e-invoicing to imported services and purchases from unregistered suppliers under the reverse charge mechanism, ap…
₹5 crThe 57th Goods and Services Tax (GST) Council has proposed a 2% tax deducted at source (TDS) on specified waste and scrap transactions between registered busine…
2%The GST Council, chaired by Union Finance Minister Nirmala Sitharaman, at its 57th meeting on October 8 approved proposals to rationalise input tax credit (ITC)…
₹7,500India will levy 3% Integrated Goods and Services Tax (IGST) on gold, silver and platinum imports through banks and government-recognised nominated agencies from…
$17.47 bnThe 57th Meeting of the GST Council was held on 8 October 2026 in New Delhi under the chairpersonship of Union Finance & Corporate Affairs Minister Nirmala Sith…
₹1 crMajor central tax receipts slipped in August 2026, driving an almost 15 per cent decline in total tax collections compared to the same month last year. In Augus…
15%The Ministry of Statistics and Programme Implementation plans to expand the monthly Index of Services Production (ISP) to include education, healthcare, and pub…
78.4%Securities and Exchange Board of India (Sebi) chairman Tuhin Kanta Pandey announced that the regulator is examining position limits for non-agricultural commodi…
Gross GST collections stood at ₹2,03,521 crore in September 2026, up 14.7% year-on-year from ₹1,77,365 crore in September 2025. Net GST revenue after refunds ro…
₹2,03,521 crThe central government tightened sugar stock limits for bulk consumers using more than 10 metric tonnes of sugar per month. Bulk consumers are allowed to hold o…
The Japanese Credit Rating Agency (JCR) upgraded India's sovereign rating to A- from BBB+. JCR also raised India's country ceiling by one notch to A. India's re…
7.7%Gross Goods and Services Tax (GST) revenue rose 14.8% year-on-year to ₹1,99,853 crore in August 2026. Net GST revenue after refunds increased 8.3% to ₹1,68,057 …
₹1,99,853 crFino Payments Bank board extended Ketan Merchant's tenure as interim CEO for three months effective August 27, 2026. The extension is subject to approval of the…
The Directorate General of Foreign Trade (DGFT) has allowed duty-free imports of up to 10 lakh metric tonnes (1 million tonnes) of raw sugar until October 31, 2…
13%Gross Goods and Services Tax (GST) collections rose 15.4% year-on-year to ₹2.11 lakh crore in July 2026. Domestic GST revenue increased 10.1% to ₹1.45 lakh cror…
₹2.11 LIndia improved its global rank from 82nd to 57th in structural and pro-competitive reforms between 2010 and 2023, advancing 25 places, according to a report by …
The National Stock Exchange of India (NSE) introduced Electronic Gold Receipts (EGRs) in May 2026. EGRs are exchange-traded securities representing ownership of…
99.9%The National Pharmaceutical Pricing Authority (NPPA) fixed the retail prices of 39 new drug formulations under the Drugs (Prices Control) Order (DPCO), 2013. Th…
₹60,238.27The Ministry of Statistics & Programme Implementation (MoSPI) will launch the Index of Services Production (ISP) in July 2026 as a monthly macro indicator to me…
GST Day is observed on July 1 to mark the anniversary of the Goods and Services Tax (GST) launched on July 1, 2017. The GST framework unified India's indirect t…
₹20 LGross Goods and Services Tax (GST) collections rose 13.9% year-on-year to Rs 1,94,812 crore in June 2026. Cumulative gross GST collections for the April-June pe…
13.9%The Goods and Services Tax (GST) was implemented on July 1, 2017, to create a unified national market under the vision of one nation, one tax. The Constitution …
₹50,000,The Ministry of Corporate Affairs (MCA) announced the Corporate Mitra scheme to create a cadre of professionals to help micro, small and medium enterprises (MSM…
₹3,000The International Financial Services Centres Authority (IFSCA) has granted in-principle approval to LEXI Money IFSC Private Limited to operate as a Payment Serv…
$2 tnThe Reserve Bank of India (RBI) injected ₹1,41,171 crore transient liquidity into the banking system through a seven-day variable rate repo (VRR) auction at a c…
₹1,41,171 crThe World Bank (WB) has cleared a $1.5 billion financing package to aid India's structural reforms and boost private sector-led job creation. The funding is pro…
$1.5 bnReserve Bank of India (RBI) Governor Sanjay Malhotra urged banks and non-banking financial companies (NBFCs) to leverage the digital public infrastructure (DPI)…
₹3.5Vivek Aggarwal has been elected as the Vice President of the FATF, an intergovernmental organisation that formulates global standards to combat money laundering…
The Commerce and Industry Ministry has released the Producer Price Index (PPI) data for both goods and services for the first time, intending to phase out the W…
69.93%The World Bank (WB) has raised India's growth forecast for FY27 to 6.6% from the 6.5% estimated in January. According to the Global Economic Prospects (GEP) rep…
$94 mnNarendra Modi becomes the elected Prime Minister with the longest continuous tenure of 4,399 days on June 10, surpassing the record of Jawaharlal Nehru. He is t…
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