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.
Several state finance ministers through a video conference have already discussed the post-Covid economic situation and underlined the need for some form of aid especially for the MSME (micro, small and medium enterprises) sector which was hit hard by the pandemic and the subsequent lockdowns.
Earlier, PM Modi, in a letter to the citizens, termed the day as a 'golden chapter' in the history of Indian democracy while pointing out that it was after several decades that the people of the country voted back a full term government with a full majority.
Prime Minister Modi said that in the last one year, some of the decisions were widely discussed and 'remain etched in public discourse' while referring to the abrogation of Article 370 in Jammu and Kashmir, the Ayodhya verdict, doing away with Triple Talaq and the Citizenship Amendment Act (CAA).
The Prime Minister yesterday urged citizens to switch off the lights at their homes and light up lamps, candles or mobile phone torches for nine minutes at 9 pm on 5 April to display the country's “collective resolve” to defeat coronavirus.
The council decided to extend the due date for the filing of annual return for financial year 2018-19 to June 30.
