With a nearly 40 per cent dip in cracker sales, Tamil Nadu saw a rather silent Deepavali this year. Traders say the impact of the Goods and Services Tax or GST and demonetisation appeared to have played a part in the dampened festivities in the state. Sivakasi in Tamil Nadu, known as the country's firework capital, was hit by the increase in the GST on firecrackers that was put in the highest tax slab of 28 per cent. Before this, traders had to pay a tax of 14.5 per cent on firecrackers. The indefinite strikes by fireworks manufacturing units in the state against the 28 per cent GST on fireworks failed to bring them relief.
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The October sales met street expectations despite GST led base, as the year-ago period (October 2025) was thefirst full month of GST Rate cut.
Maruti Suzuki achieved the milestone despite a high base following the previous GST rate cut. SUV sales touched an all-time monthly high of 73,058 units, while small car sales grew 38% year-on-year to 40,646 units.
Gross GST collections from domestic sales rose 16 per cent to over Rs 1.59 lakh crore, and revenues from imports climbed 42 per cent to Rs 72,246 crore.
Total GST refunds rose 6.5% year-on-year to Rs 27,934 crore from Rs 26,225 crore.
November 2026 brings several important financial changes, including revised PNB credit card charges, new fees on failed transactions at IndusInd Bank, GST amendments and an extended ITR filing deadline for eligible audited taxpayers.
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Thursday July 02, 2026आज राष्ट्रीय चार्टर्ड अकाउंटेंट दिवस (सीए-डे) मनाया जा रहा है. भारत की विकास यात्रा में चार्टर्ड अकाउंटेंट्स के योगदान को याद कर रहे हैं कृष्ण गोपाल अग्रवाल.
मोदी सरकार के 12 साल: कैसे तय होगा 10 ट्रिलियन डॉलर वाली अर्थव्यवस्था बनने का सफर, अब तक क्या हुआ
Wednesday June 10, 2026नरेंद्र मोदी के 12 साल के कार्यकाल में अर्थव्यवस्था ने तेज छलांग लगाई है, उसके कई क्षेत्रों में उल्लेखनीय सुधार हुआ है. मोदी सरकार को सुधार की दिशा में ऐसे कदम उठाने होंगे, जो भारत को अंतरराष्ट्रीय जगत के लिए तैयार करे.
Opinion | Why States, Not Centre, Should Get All The Credit For GST 'Savings'Derek O’Brien
Wednesday October 22, 2025Amidst all the hoopla, it is the State governments that truly deserve recognition for coming together for the GST revision. Because the States are the ones bearing the brunt of massive revenue losses.
GST Rate Cuts Light Up The Festive Season
Wednesday October 15, 2025The GST rationalisation is a gradual impetus to India's growth story.
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