Finance Minister Nirmala Sitharaman announced that the next meeting of the Goods and Services Tax (GST) Council is tentatively scheduled for mid to late August. GST Council proposes exemption for specific services offered by Indian Railways to the general public, as well as for intra-railway transactions. The sale of platform tickets and services such as retiring rooms, waiting rooms, cloakroom facilities, and battery-operated car services are now exempt from GST. This session aims to address the pending agenda items from today's meeting. Today's GST Council meeting was marked by several key decisions aimed at easing the compliance burden and providing relief to taxpayers.
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India adds roughly 19-22 lakh net payroll subscribers every month, with nearly 60 per cent of new members belonging to the 18-25 age group.
Forest Minister Jayanta Malla Baruah said forest royalty and GST are closely connected, making coordination between the two departments crucial.
Assam has emerged among the top performing major states in the country in terms of monthly GST growth, reflecting improving economic activity and stronger revenue administration.
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.
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.
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