Reaffirming Punjab’s strong fiscal performance, Finance, Excise and Taxation Minister Advocate Harpal Singh Cheema announced on Monday that the state recorded a robust 14.59 per cent growth in Goods and Services Tax (GST) collections during May 2026.
The Supreme Court on Wednesday upheld the retrospective levy of 28 per cent GST on online gaming bets, holding that the tax was constitutionally valid and did not violate the constitutional framework governing Goods and Services Tax.
The gross GST collection spiked by 8.7 per cent in April to a record of about Rs 2.43 trillion, government data showed.
The report also identifies key structural challenges constraining India's global competitiveness — fragmented state-led branding, limited global marketing outreach, lack of experience-led packaging, and ease-of-travel barriers including connectivity and visa processes.
The Delhi government moves to reset GST operations with large-scale transfers after inspection highlights discipline issues, long postings and complaints from taxpayers over delays and inefficiencies.
The conference, held across CMA Bhawan, Kolkata on Day 1 and the SVU campus at Barrackpore on Day 2 underscored the growing importance of GST reforms in shaping a transparent, technology-driven, and inclusive economic order.
The senior Congress leader wrote a detailed post on his social media "X" handle on Thursday, praising Rahul Gandhi for "always cautioning the government well on time on emerging crises right from the traumatic phase of COVID-19, encroachment by China, on issues of demonetization, GST. He lamented that Rahul's advice/suggestions remained unheard".
The report suggested that to achieve the Viksit Bharat goal by 2047, India may need to significantly increase its tax-to-GDP ratio, primarily through improved tax compliance, as major tax reforms have already been undertaken.
Triumph is gearing up to enter a new space in India’s motorcycle market with its upcoming 350cc range, expected to launch in April. After the strong response to the Speed 400 and Scrambler 400 X, the brand is now looking to offer a more cost-friendly option by staying under the 350cc tax bracket, potentially reshaping its strategy for Indian riders.
India’s gross domestic product growth for the third quarter of the current financial year (Q3 FY26) will likely remain elevated at 8.3 per cent, driven by demand fuelled by goods and services tax (GST) rate cut despite an unfavourable base effect, a report has said.
