New Delhi, July 7 (IANS) India’s E-way bill generation under the Goods and Services Tax (GST) in June this year registered a robust 14.5 per cent increase to 136.77 million from 119.46 million in the same month of the previous year, reflecting the rising level of economic activity in the country.On a sequential basis, e-way bill generation increased 0.5 per cent from 136.08 million in the previous month.E-way bills are mandatory for the transportation of consignments valued at more than Rs 50,00…
Latest GST Council News & Updates
Mumbai, July 1 (IANS) Chief Minister Devendra Fadnavis on Wednesday said that Maharashtra ranks first in the country in terms of collecting the highest amount of Goods and Services Tax (GST). He added that it is also the state that receives the maximum benefits from the Central Government in return for this tax collection.Due to this, Maharashtra is truly the capital of the country within the GST system, he added.He also highlighted that Maharashtra is the first state in the country to set up an…
New Delhi, June 30 (IANS) When India rolled out the Goods and Services Tax (GST) on July 1, 2017, it was hailed as the country’s most ambitious tax reform since Independence. Before that, India’s indirect tax regime was a patchwork of 17 different taxes and 13 cesses levied by the Centre and the states.This fragmented system created inefficiencies, hidden costs, and the notorious “tax on tax” effect that burdened businesses and consumers alike.GST replaced this chaos with a unified framework, em…
New Delhi, June 30 (IANS) The launch of the Goods & Services Tax (GST) on July 1, 2017, marked a historic achievement in India’s economic reforms journey, with the principle of “One Nation, One Tax” helping to create a common national market, according to an official factsheet issued on Tuesday.As GST completes nine years, it has also undergone next-generation reforms in 2025, which further simplified the structure through lower rates, exemptions and easier processes. These measures ai…
New Delhi, May 20 (IANS) Rajya Sabha MP Sasmit Patra met Finance Minister Nirmala Sitharaman on Wednesday and submitted a detailed representation urging the initiation of structured national deliberations on the inclusion of petrol and diesel under the Goods and Services Tax (GST) framework. In his representation, Patra emphasised that the constitutional framework under Article 279A(5) already envisages the eventual inclusion of petroleum products within GST through the recommendation of the GST…
Davanagere (Karnataka), April 2 (IANS) Reacting to Chief Minister Siddaramaiah’s remark likening BJP leaders to “stray bulls”, senior BJP leader and former minister B. Sriramulu on Thursday launched a sharp counterattack, saying that if BJP leaders are like bulls, then Congress leaders are like rodents.He added that Siddaramaiah is surrounded by such people who have lost public trust.Sriramulu said that the Congress has begun to fear defeat in the by-elections to the Davanagere South and B…
Bengaluru, March 6 (IANS) Karnataka Chief Minister Siddaramaiah on Friday said the rationalisation of Goods and Services Tax (GST) rates by the Central Government has adversely affected the state’s revenue collections, leading to a significant shortfall in the current financial year.Presenting the state Budget for 2026–27, Siddaramaiah said the rate changes are expected to result in an estimated revenue shortfall of about Rs 10,000 crore for the state in the current financial year, while a sho…
New Delhi, Feb 20 (IANS) Union Minister for Youth Affairs and Sports, Dr. Mansukh Mandaviya, will lead the 62nd edition of Fit India Sundays on Cycle on February 22, 2026, from the Major Dhyan Chand National Stadium, as the nationwide cycling initiative celebrates India being awarded the hosting rights for the Commonwealth Games 2030.The event will be organised across the country in collaboration with the Employees’ State Insurance Corporation (ESIC) and will also mark ESIC’s 75 years of ser…
New Delhi, Feb 5 (IANS) The Goods and Services Tax (GST) exemption of lifesaving cancer drugs and higher taxation on tobacco products are the steps aimed at strengthening public health in the country, according to a new study led by oncologists from the All India Institute of Medical Sciences.The GST council, in its 56th meeting in September last year, recommended the total exemption of 33 lifesaving drugs, including those used in cancer care, from GST altogether (from 12 per cent to zero, and t…
Bengaluru, Jan 21 (IANS) To cover up its “zero-development administration”, a series of corruption scams and administrative failures, the Siddaramaiah-led Congress government is misusing the Governor’s speech as a political weapon, alleged Legislative Assembly Leader of Opposition R. Ashoka.In a press statement released on Wednesday, he said: “Governors are not spokespersons of the Congress government; they are protectors of the Constitution. By undermining their dignity, the Congress go…