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 investigation revealed that the company is actively engaged in availing fraudulent Input Tax Credit solely on the basis of invoices without any underlying supply of goods or services.
The rollout of GST 2.0 and strong digital payment momentum helped in gathering steam for India’s private consumption.
Since 22 September 2025, economic excitement has been generated in the aftermath of the declaration of reduced rates of the Goods and Services tax (GST 2.0).
He urged the youth of Bihar to elect an INDIA bloc government that would fulfill their aspirations for government jobs and industrial revival in the state.
It said the growth will be supported by a positive demand outlook due to GST reforms, favourable monsoons, lower inflation, and monetary easing.
