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    GST

    Implemented on 1st July 2017, GST i.e. Goods and Service Tax is a multi-stage tax system that aims to comprehensively replace and consolidate all indirect taxation systems in India, like VAT (Value Added Tax) and more. The seeds of its conception were sown in 2000, by Atal Bihari Vajpayee, the then Prime Minister of India. Earlier, there used to be different tax regimes, varying state-wise. Under the current system, there are 4 categories of GST, namely Central GST, which is levied on intra-state supply of products and services, State GST, which is charged on intra-state sale of the same, Integrated GST, which is calculated on inter-state transactions and UTGST, which is levied on supply of goods and services within an UT. Under the GST system, each taxpayer is allocated a 15-digit distinctive code, namely GSTIN, which is provided based on the state you live in and your PAN card number. As per rules, any business with an annual turnover of Rs 20 lakhs or more should be registered under this system. The taxation rates are determined by the GST council in predetermined slabs, namely 5%, 12%, 18%, and 28%. Some products are also exempted from this list. More

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    • Iran crisis revives push for GST cuts on flex-fuel cars as India looks to reduce fuel import risks

      Industry wants GST to be lowered to 5%; issue may come up in next GST Council meeting

    • Aviation ministry pushes for jet fuel under GST amid crude price surge

      A final decision on including ATF under GST will require approval from the GST council, which might take up the matter in its next meeting, sources said

    • Maharashtra’s GST collection jumps 14.6%, stays India’s top tax-contributing state

      GST department said, the strong performance came despite challenges arising from GST rate rationalisation.

    • GST collections hit 10-month high of Rs 2 lakh crore in March

      Monthly collections rebound from February's Rs 1.84 lakh crore, reflecting a steady recovery through the second half of the previous fiscal

    • After Iran crisis, govt must fix tax compliance gaps as buoyancy lags growth: Rakesh Mohan

      The PMEAC member flags 15-year stagnation in tax-to-GDP ratio despite growth, calls for sharper focus on direct tax, GST compliance

    • $70 billion in data centre investments, tax breaks tied to local infra, jobs, says Sitharaman

      The tax holiday until 2047 is available only when the foreign cloud provider utilises data centre services located in India, says Sitharaman as the Lok Sabha passes the finance bill 2026

    • Moneycontrol Eco Pulse rises to 51.4 as consumption, manufacturing lift February activity

      Auto sales, credit growth and PMI strength offset weakness in core sectors and exports

    • Fino Payments Bank's digital transactions slide amid mounting regulatory heat

      With its CEO under arrest and digital revenues halving over three quarters, the crisis-hit Fino Payments Bank has seen its UPI transaction value plunge 50% between November 2025 and January 2026.

    • Manufacturing activity surges to four-month high of 56.9 in February as factory momentum strengthens

      The improvement in factory activity comes after India’s economic growth eased to 7.8 percent in the October–December quarter

    • GST growth hits five-month high as collections touch Rs 1.84 lakh crore in February

      Gross domestic GST revenue rose 5.3 percent year-on-year to Rs 1.35 lakh crore

    • Is a zero-cost EMI really zero cost? Here’s what you’re actually paying

      It sounds like free money at checkout, but it rarely behaves that way once the statement arrives.

    • Dining out? Check if you’re paying service charge over and above GST

      The automatic addition of service charges on bills has been held to constitute an unfair trade practice under the Consumer Protection Act, 2019

    • Compact SUVs emerge biggest gainers from GST cut, says Hyundai

      Hyundai noted that the SUV penetration in rural areas is now slightly higher than in urban centres, driven by improving infrastructure and evolving consumer aspirations

    • Budget 2026: Does a quiet budget for the insurance sector signal stability?

      After half a decade of continuous tax and regulatory recalibration, Budget 2026 marks the first deliberate pause in insurance-specific reforms, raising a larger question on whether the sector has finally entered a phase of policy stability.

    • GST collections at 3-month high of Rs 1.93 lakh crore, up 6.2% in January

      Domestic transactions accounted for Rs 1.41 lakh crore, up 4.8 percent

    • HDFC Life, ICICI Pru reset distributor terms amid ITC hit 

      With bancassurance continuing to account for a large share of business, especially via parent banks, both insurers said alignment with their bank partners will remain central to growth recovery in FY27

    • OPINION | Industry seeks tax, GST and duty reforms across oil and gas

      The oil and gas industry urges reforms in cess, GST, duties and incentives to improve upstream earnings, reduce costs, promote natural gas, boost domestic production and enhance investment

    • Universal Sompo’s health portfolio up 8% after GST cut: MD Sharad Mathur

      The company is targeting a premium income of Rs 6,000 crore in FY26, compared with Rs 5,000 crore in the previous financial year

    • Can’t act solo on GST cut for air purifiers ahead of next Council meet: Centre tells Delhi High Court

      Next GST Council meeting likely after the Budget, with government sources flagging pan-India impact if any rate cut on air purifiers

    • Further simplification, fine-tuning to shape GST in 2026

      With GST entering a consolidation phase in 2026, experts argue that fine-tuning through inverted duty structure correction, MSME compliance simplification and data-led enforcement will matter more than broad rate revisions

    • 2025 ends on a mixed note: Consumption holds firm, manufacturing momentum softens

      December marked the fastest pace of GST growth in three months, following the GST rate rationalisation implemented in September

    • GST cut sparks comeback of entry-level cars and bikes

      The trend challenges the widely held belief that the GST reduction—from 28% to 18% —would only accelerate premiumisation in the Indian auto market

    • GST collections pick up pace in December rise to Rs 1.74 lakh crore

      Gross GST rises 6.1% year-on-year to Rs 1.74 lakh crore, marking fastest growth in three months

    • Cigarettes, pan masala to get costlier from February 1 as govt notifies new excise duty: 5 key points

      Under the new structure, cigarettes will face excise duty in addition to GST.

    • Insurance buyers upped protection quotient across health, life, motor segments in 2025: Report

      Health insurance emerged as one of the biggest beneficiaries of policy reform, particularly after the removal of GST on premiums. 

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