GST At 9: Sectoral Hits And Misses, 9 Defining Legal Battles, What Remains

GST collections hit an all-time high of Rs 23.11 lakh crore in FY 25-26. April 2026 alone brought in a record Rs 2.42 lakh crore.

Central GST came in at Rs 37,376 crore, up 8% year-on-year. State GST was Rs 45,116 crore, up 4%. Integrated GST from domestic transactions stood at Rs 52,282 crore, a 7% increase.

The deadline has been extended by a month as recent representations from various stakeholders, highlighted technical difficulties due to rush to file appeals on the GSTAT portal.

Finance Minister Nirmala Sitharaman said the next-gen GST will leave more cash in the hands of people.

Released ahead of GST completing 9 years on July 1, Deloitte India's GST@9 survey called for the next phase of reform to move beyond digitalisation to an AI-driven compliance and data-led dispute reduction.

Stamp duty and registration charges are mandatory government fees paid to legally register the property in the buyer's name.

In a joint operation that included raids across Assam, Bihar and West Bengal, a Special Task Force (STF) and GST officials busted the network accused of committing fake Input Tax Credit (ITC) fraud.

ITR Filing AY 2025-26: Most scrutiny notices are not accusations of wrongdoing. Often, they simply seek clarification or supporting documents.

Stocks in the news, big brokerage calls of the day, complete trade setup and much more!

Officials clarified that the move does not amount to a reduction in excise duty on petrol sold for domestic consumption.

Another factor to consider is the cost of currency conversion. Every time you exchange rupees for dollars, you may have to pay exchange-rate margins, forex conversion charges, GST and other service fees.

Yes Bank will take appropriate steps, including contesting the Order through appeal within the prescribed timelines, as per its statement

The apartment's advertised price was Rs 2.8 crore, but the final cost increased to Rs 3.2 crore after going through the fine print.

Gross GST collections stood at Rs 1.94 lakh crore in May 2026, while net collections after refunds came in at Rs 1.67 lakh crore, registering year-on-year growth of 3.2%.