GST News

As per a report in the Economic Times, small shopkeepers and street vendors in Bengaluru are removing QR codes. The shop fronts instead are replaced by hand-written signs “No UPI, only cash,” ET has reported.

Although collections registered a robust growth to remain above Rs 1.8 lakh crore, they were lower than the all-time high of Rs 2.37 lakh crore recorded in April and Rs 2.01 lakh crore in May.

In 2020–21, the total collection was Rs 11.37 lakh crore, with a monthly average of Rs 95,000 crore.  

GST was officially rolled out across India, replacing multiple indirect taxes with a single tax system.

Prime Minister Narendra Modi had called it “a path-breaking legislation for New India.”

The tax authority asked Tata Steel to explain, within 30 days, why the GST amounting to Rs 1,007.54 crore should not be demanded and recovered from the company. 

The Gujarat GST (Second Amendment) Ordinance, 2025, is significant as it aligns the state’s tax framework with national GST reforms introduced by the Finance Act, 2025, ensuring legal uniformity and operational consistency across jurisdictions. 

The move seeks to synchronise the state's indirect tax framework with recent amendments enacted by the Finance Act, 2025, following recommendations of the 55th GST Council meeting.

GST New Rule From July 2025: GSTR-3B is a monthly summary return used to report tax liability and is filed between the 20th and 24th of each month, depending on the type of taxpayer.

Check the details of medicines, quantity and their prices as notified by the National Pharmaceutical Pricing Authority.

India’s overall economy is also showing signs of stable growth. Data released on May 30 showed that the country achieved its growth target of 6.5% for the financial year 2024. 

In a circular issued on 27 May 2025, the CBIC said that these rules may be called the Central Goods and Services Tax (Second Amendment) Rules, 2025 and shall come into force on the date of their publication in the Official Gazette. 

Multiple taxpayers admitted to having been relying entirely on the chartered accountant for GST filings, with login credentials and filings centrally controlled by him. 

GST collections went up by 9.9 per cent to Rs 1.96 lakh crore during March this year compared to the same month of the previous year, reflecting the higher level of economic activity and better compliance. 

Several deadlines related to personal taxation, GST are set for the month of May. Check out the listicle.

GST is levied on charges, such as the Merchant Discount Rate (MDR), relating to payments made using certain instruments. 

Several grievances have been received by the CBIC, Department of Revenue, regarding difficulties being faced by applicants during the GST registration process, mainly on account of queries raised by officers on the grounds of seeking additional documents.

Currently, RWAs are required to collect 18 per cent GST on monthly maintenance charges only if two specific conditions are met: the per-apartment monthly maintenance exceeds Rs 7,500, and the society’s annual turnover is more than Rs 20 lakh. 

Gross GST revenue in March included Rs 38,100 crore from Central GST, Rs 49,900 crore from State GST, Rs 95,900 crore from Integrated GST, and Rs 12,300 crore from compensation cess. 

In comparison, February saw Central GST collections at Rs 35,204 crore, State GST at Rs 43,704 crore, Integrated GST at Rs 90,870 crore, and compensation cess at Rs 13,868 crore.