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.
Speaking at a session organized by the Bengal National Chamber of Commerce and Industry (BNCCI) today, the Governor said, “I am always ready to address any issue that is flagged to me by the industrialists and even the mediapersons. I can play a mediatory role between the state and the Centre. I would be very happy to do that and that is what my job is.”
Sitharaman also said that there is nowhere in the world do the prices of petrol and diesel remain steady for a particular period of time.
Shiv Sena said that the slowdown is evident in the subdued Diwali celebrations this year.
During an interaction with businessmen, entrepreneurs, CAs and others in Pune, Sitharaman asked tax professionals not to curse the GST system and sought their help to make it better.
When both savings and consumption are necessary for the economy to maintain a rhythm, the FM must see that the middle class, being the largest section of both population and tax-payers, can have both at ease.
