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.
According to DGCI, the travel company had collected GST charges from passengers through ticket sales for the bus service.
Brokerage houses have raised concerns that the government’s sharp increase in cigarette taxation could trigger a significant rise in illicit cigarette trade, undermining both public revenues and the legal tobacco industry.
Attributing this success to a harmonious framework of innovation and vigilance, the Finance Minister highlighted that the Excise and Taxation department has not only surpassed previous benchmarks but also successfully implemented the One-Time Settlement (OTS) Scheme-2025 and advanced data analytics to dismantle tax evasion.
The review notes that the Centre collected nearly half of its budgeted receipts during April–September 2025, while keeping total expenditure below 50 per cent of the annual budget estimates
Widening disparities in income and wealth both within and across countries have become among the most pressing global challenges of our time. As inequalities deepen, the call for coordinated international action has only grown louder, highlighting the need for shared commitment and collective responsibility.
