GST
GST collections rise 14.8% to ₹1.99 trillion in August; refunds jump 68%
August collections were lower than ₹2.11 trillion in July, when GST collections crossed the ₹2 trillion mark for the second time.
4 min read02:25 PM ISTGST Council may cut 18% tax on mobile phones as handset demand slows
The Council is also likely to examine whether the benefits of last year’s GST rate rationalization have been passed on to consumers, following complaints of companies restoring prices to pre-reform levels.
4 min read28 Aug 2026Attention GST-registered taxpayers: Know right ITR form, turnover reconciliation and key checks for AY 2026-27
GST-registered taxpayers filing ITRs for AY 2026-27 need to choose the right form and ensure their turnover and income figures align with GST records. Here’s what you need to know about ITR-3 vs ITR-4, turnover reconciliation, GST treatment, and common filing mistakes.
3 min read27 Aug 2026Grocery spending falls 8%, rent jumps 21%: How GST 2.0 is reshaping India's household budgets in 2026
Grocery spending fell 8% while rent rose 21%, showing a mixed picture for household budgets in 2026. GST 2.0 brought price relief, but families largely used the extra headroom for savings, better food, education, and health rather than splurging.
2 min read25 Aug 2026E-way bill generation rises nearly 6% in July, signals steady goods movement
E-way bill generation rose nearly 6% year-on-year to 13.98 crore in July, the second-highest monthly tally on record, even as the pace of growth slowed from the previous two months.
2 min read10 Aug 2026Lopsided GST flexibility: India needs to resolve a stark asymmetry in this tax regime
In India, the state has granted itself wide leeway on GST implementation timelines, but offers taxpayers no respite. While income-tax officials have the discretion to pardon delays by taxpayers who cite good reasons, GST doesn’t. This needs fixing.
4 min read6 Aug 2026Mint Quick Edit | The Indian economy is looking up—look at last month’s consumption indicators
From automobile sales to GST collections, July’s numbers spell good news on the growth front for India. While we may have escaped the worst feared effects of the war in West Asia, price stability remains a concern.
1 min read3 Aug 2026Gross GST collections rise 15.4% to ₹2.11 trillion in July
After adjusting for refunds, net GST collections rose 15.8% year-on-year to ₹1.81 trillion.
2 min read1 Aug 2026GSTN again defers e-Way Bill changes ahead of 1 August rollout
The move puts on hold mandatory Ship-To GSTIN reporting and the voluntary e-Way Bill closure facility, allowing businesses and GST software providers to continue operating under the existing framework until further notice.
2 min read30 Jul 2026Buying or investing in silver: Here's how silver ETFs, FoFs, jewellery and utensils are taxed
The tax treatment of silver depends on the investment route and the holding period. While capital gains tax applies to ETFs, FoFs and physical silver, the purchase of physical silver also attracts GST.
2 min read22 Jul 2026Wait for it…
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