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.
Buoyed by GST reforms and strong consumer demand, India saw Diwali sales reach Rs 5.40 lakh crore in goods and about Rs 65,000 crore in services across the country, industry figures showed on Tuesday, marking the highest-ever festival season turnover in the country's retail and trading history.
India’s growing UPF market is leading to an uncontrolled and unregulated junk food epidemic. Governments are responsible for providing public goods, and health is a most vital public good, especially when it concerns children.
Union Minister Piyush Goyal, during a joint press conference, pointed out India's high GDP growth, stating that even international agencies are bullish on India amid global turbulence.
The recent Goods and Services Tax (GST) reform is having a visible impact across markets, with traders and consumers alike reporting significant benefits. Shopkeepers say the reduction in GST rates has led to a noticeable drop in prices, spurring consumer demand and resulting in higher sales volumes.
The High Court has also expressed displeasure over the government's arbitrary approach against Assistant Commissioner Arvind Kumar and stayed the arrest of the Assistant Commissioner of GST.
