Stay updated
GST collection rose 12% year-on-year to Rs 245 crore in July 2026, up from Rs 220 crore in the corresponding month last year, outperforming the national domestic GST growth rate of 10.1%, according to provisional Finance Ministry data released this week.
Andhra Pradesh recorded Rs 13,283 crore net GST collections till July 2026, registering a 21 per cent year-on-year growth against the national average of 17 per cent, while total commercial tax collections rose 20 per cent to Rs 20,464.7 crore during the period, an official said.
State GST department’s intelligence and enforcement wing has detected tax evasion worth Rs. 70 crore in jewellery business. Of this, Rs. 2.87 crore has been recovered for govt in the form of tax and penalties.
More than 5.9 crore income tax returns (ITRs) were filed by taxpayers for the assessment year (AY) 2026-27 by July 31, marking the close of the due date for individuals and Hindu Undivided Families (HUFs) not requiring an audit of their accounts.
The Central Board of Indirect Taxes and Customs is preparing a framework for streamlining the process for departmental appeals in cases involving more than one state, bringing greater clarity for field formations filing appeals, said officials.
A cobbler from Rajasthan’s Balotra district was left stunned after receiving a GST recovery notice of nearly Rs 6.79 crore, allegedly linked to a company he claims he never owned or operated.
Punjab Finance, Excise and Taxation Minister Harpal Singh Cheema on Friday announced that the Punjab One Time Settlement (OTS-2025) Scheme for resolving pre-GST tax arrears has received an overwhelmingly positive response from taxpayers.
The government on Tuesday told Parliament that the Directorate General of Foreign Trade (DGFT) and the Central Board of Indirect Taxes and Customs (CBIC) maintain regular coordination and electronic data exchange to ensure smooth implementation of export promotion schemes.
The Goods and Services Tax (GST) regime has strengthened states’ revenue mobilisation, with state GST (SGST) collections growing faster than the pace of economic expansion since its rollout, according to a report by India Ratings and Research (Ind-Ra).
LG Electronics India Limited received a favorable order from the Income Tax Appellate Tribunal (ITAT) on July 29, 2026, which deleted tax additions totaling approximately INR 1,305 Crores. The ruling resolves disputes spanning five financial years