Latest GST News & Updates

Erode, April 2 (IANS) Tamil Nadu Chief Minister, M.K. Stalin, on Thursday said the Congress party would release its list of candidates later in the day, as he campaigned vigorously in Erode for the DMK-led Secular Progressive Alliance ahead of the April 23 Assembly elections.Addressing a public rally, CM Stalin urged voters to extend their support to the alliance candidates, including the Congress nominee in Erode East, whose candidature is expected to be confirmed following the announcement by …

Davanagere (Karnataka), April 1 (IANS) Karnataka Chief Minister Siddaramaiah on Wednesday targeted the BJP, accusing it of consistently opposing welfare measures aimed at the poor.“The BJP has opposed guarantee schemes because they are meant for the poor. They have always opposed programmes that benefit the poor,” he said, adding that the government has spent Rs 1.31 lakh crore on guarantee schemes, including Rs 535 crore in the Davanagere South constituency alone.He was speaking to the medi…

New Delhi, April 1 (IANS) Domestic gross GST collections rose 8.8 per cent year-on-year to Rs 2 lakh crore in March 2026, driven by steady domestic revenues and a sharp uptick in import-related collections, according to official data released on Wednesday.Gross GST revenue stood at Rs 2,00,064 crore in March, compared to Rs 1,83,845 crore in the same month last year. The growth was led by a strong 17.8 per cent rise in import revenues, while domestic revenues increased at a relatively moderate p…

Bengaluru, March 31 (IANS) Amid the by-elections campaign, Karnataka Chief Minister Siddaramaiah on Tuesday strongly rejected Bharatiya Janata Party (BJP) State President and Member of Legislative Assembly B. Y. Vijayendra’s demand for a white paper on Karnataka’s financial condition, terming it a reflection of “lack of economic understanding, administrative experience, and political frustration.”​ In a detailed press statement, Siddaramaiah asserted that the State Budget presented las…

Bengaluru, March 31 (IANS) The Congress on Tuesday launched a scathing attack on the Bharatiya Janata Party-led Central Government over a fresh wave of price hikes set to take effect on April 1.Addressing a joint press conference at the KPCC headquarters in Bengaluru, AICC general secretary Randeep Singh Surjewala and Karnataka deputy Chief Minister DK Shivakumar categorized the new fiscal year as a “day of loot, rob, and fleece” for the hardworking citizens of the country.Surjewala said, “Com…

New Delhi, March 30 (IANS) India’s GDP growth is expected to moderate to 6.5 per cent in FY2027 because of elevated crude oil prices and concerns around energy availability, a report said on Monday.The report from ICRA said CPI inflation is expected to trend higher at 4.3 per cent in FY27, up from 2.1 per cent in FY26.The RBI Monetary Policy Committee is likely to keep policy rates on pause for an extended period even as growth moderates, it predicted.The Reserve Bank of India may continue to …

Bagalkot, March 28 (IANS) Former Chief Minister and Bharatiya Janata Party Member of Parliament Basavaraj Bommai on Saturday accused the Siddaramaiah‑led government of mismanaging the state’s economy and showing “arrogance” by not attending a meeting convened by Prime Minister Narendra Modi.​ Addressing a press conference in Bagalkot, Bommai alleged that the Siddaramaiah government has earned a “bad name” for damaging the financial system. ​He said the Congress government had pro…

New Delhi, March 27 (IANS) India’s automobile sector growth is likely to moderate in FY27 after a strong, policy‑led expansion in FY26, with demand having benefited from GST cuts, improved affordability and resilient economic activity, a report said on Friday.The report from ICRA said GST changes primarily drove the demand, by improving affordability in two‑wheelers and enhancing fleet economics in commercial vehicles.The commercial vehicle segment led the upcycle aided by GST rate cuts, h…

New Delhi, March 26 (IANS) India’s credit growth has seen a sharp jump in FY26, rising 61 per cent, driven mainly by strong demand from retail borrowers and MSMEs, a new report showed on Thursday.Credit growth in India has accelerated significantly in FY26, with total credit flows rising to Rs 25.1 lakh crore, nearly matching deposit mobilisation of Rs 26.1 lakh crore, a report by Yes Bank said.The report noted that strong demand across retail, MSME and infrastructure sectors has been the key …

Bengaluru, March 25 (IANS) Defending the State Budget 2026–27, Karnataka Chief Minister Siddaramaiah, responding to criticism from the Opposition, said, “Even when compared to the progressive states around us in South India, our fiscal deficit remains within the prescribed limits. Opposition leader R. Ashoka has not studied the budget in depth. All his efforts seem to be focussed on getting headlines.”Speaking at the Legislative Assembly on Wednesday, CM Siddaramaiah stated, “As per the re…