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    Govt to adopt appropriate measures to mitigate fuel price volatility: MoS Finance
    Punjab GST revenue rises 20 pc to Rs 10,447 crore in April-July: Cheema
    Andhra records 21 per cent growth in net GST collections till July
    Gross GST mop-up grows 15.4 pc to over Rs 2.11 lakh cr in July on higher imports, sales
    Gross and Net GST revenue collections for the month of July, 2026
    West Bengal GST collection rises 2 pc in July to Rs 5,564 crore
    Gross GST collection kitty swells 15.4 pc to over Rs 2.11 lakh cr in July
    ITC Q1 profit declines 15.6 pc to Rs 4,508.79 cr; non-cigarette FMCG posts robust growth
    Punjab extends deadline of one-time scheme for settling tax dues of pre-GST period till Sept 30
    Advisory on Keeping on Hold the Proposed e-Way Bill Enhancements
    Woman GST officer, consultant caught taking Rs 60,000 bribe in Maharashtra's Jalna
    Government Expands FTAs, Export Promotion Measures to Diversify Export Markets
    NetAcct Solutions Launches Entries ERP Powered by the Entries AI Platform
    Chhattisgarh cabinet clears Ease of Doing Business bill
    Airlines' body FIA urges govt to bring jet fuel under GST
    Forged GST bills, rural bank accounts aided India-Myanmar betel nut racket: ED
    Assam records 15 pc growth in GST collection in June
    FAQs on Mandatory Capture of Ship-to Field and Voluntary Closure of E-Way Bill, 2026
    Gross and Net GST revenue collections for the month of June, 2026
    Advisory on Revision of Timeline for Amendment of Aggregate Annual Turnover (AATO), 2026
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    August 4, 2026
    Show AI Summary
    Fuel-price volatility mitigation will combine fiscal measures, consumer protection, energy security and fiscal sustainability during external energy shocks.
    Fuel-price volatility is to be mitigated through fiscal and administrative measures that protect consumers while maintaining fiscal sustainability. The approach includes monitoring revenue and expenditure, reprioritising spending, and using fiscal measures when economic conditions require. Reduced central excise duty on petrol and diesel moderated the impact of elevated international crude prices and partly offset under-recoveries of public-sector oil marketing companies. Longer-term measures include revenue mobilisation, import diversification, Strategic Petroleum Reserves, cleaner fuels and energy efficiency.
    August 1, 2026
    Show AI Summary
    GST compliance enforcement combines taxpayer refunds, analytics-based fraud detection, cancellation of fake registrations, and recovery of outstanding VAT arrears.
    Punjab attributed increased GST collections to voluntary compliance, intelligence-based enforcement and technology-driven tax administration, while facilitating compliant taxpayers through timely GST refunds. Data analytics, risk profiling and field verification were used to identify tax evasion, bogus billing, fake input tax credit networks and misuse of the GST registration framework. Measures included penalties, cancellation of fraudulent registrations and recovery of long-pending VAT arrears through attachment and auction of defaulters' properties.
    August 1, 2026
    Show AI Summary
    GST compliance enforcement through AI analytics supported sustained net GST collection growth despite rate rationalisation reforms and reduced compliance costs.
    GST revenue mobilisation in Andhra Pradesh showed year-on-year growth in net GST and total commercial tax collections through July 2026, despite rate-rationalisation reforms. Revenue growth was attributed to AI-based scrutiny and analytics, machine-learning risk scoring, AI-driven IGST reversals, UPI-based enforcement analytics, data sharing, predictive analytics, registration verification, and Aadhaar-integrated expansion of the professional-tax base. These measures were stated to strengthen compliance, curb wrongful input tax credit claims, broaden taxpayer coverage, and improve revenue mobilisation.
    August 1, 2026
    Show AI Summary
    Goods and Services Tax collections rise on domestic consumption and imports, while elevated import revenue prompts assessment of underlying drivers.
    Goods and Services Tax collections for July increased over the corresponding prior-year period, supported by domestic sales and imports. Gross receipts included Central GST, State GST and Integrated GST, with net GST revenue calculated after adjusting refunds. For the April-July period, gross and net collections also increased. Commentary linked domestic GST growth to consumption, formalisation and industrial activity, while identifying elevated import GST collections as an area requiring assessment of import composition, currency effects and volumes.
    August 1, 2026
    Show AI Summary
    GST revenue collections show provisional gross, refund and net revenue trends, with State-wise settlement and domestic collection data.
    GST revenue collections for July 2026 are reported provisionally through gross domestic and import revenue, domestic and export-related refunds, and net GST revenue after refunds. The data also sets out SGST collections and the SGST share of IGST settled to States and Union Territories, both monthly and cumulatively. State-wise domestic GST growth excludes GST on imported goods, while jurisdiction-wise data allocates collections between central and State formations and identifies CGST, SGST and IGST components.
    August 1, 2026
    Show AI Summary
    GST collection growth in West Bengal continued year-on-year in July but remained below the national growth trend.
    West Bengal's July GST collection increased year-on-year and over the preceding month, marking a second consecutive month of annual growth. Official data also indicated that the State's annual growth rate was below the national trend, while gross domestic GST revenue excluding imports and overall gross GST collections including import-related taxes rose nationally during July.
    August 1, 2026
    Show AI Summary
    GST collection growth reflects higher revenue mobilisation from domestic transactions and imports, with refunds adjusted in net revenue.
    Goods and Services Tax collections increased in July, driven by higher revenue from domestic transactions and imports. The gross collection comprised Central GST, State GST and Integrated GST components. Refunds also increased during the month, and net GST revenue was determined after adjustment of refund outflows from gross tax receipts.
    July 31, 2026
    Show AI Summary
    Excise duty increases on cigarettes pressured profitability, while calibrated pricing and FMCG growth supported market resilience.
    Excise duty increases on cigarettes affected consolidated profitability, prompting calibrated pricing and portfolio measures to protect market share and limit migration to illicit trade. The cigarette portfolio was re-architected across price points through value-accretive offerings and staggered pricing actions. Non-cigarette FMCG growth was supported by demand for packaged foods, dairy and personal-care products. Input-cost inflation was mitigated through inventory cover, commodity hedging and price-volume rebalancing amid crude-price volatility, supply-chain disruption and imported inflation concerns.
    July 31, 2026
    Show AI Summary
    One-Time Settlement Scheme offers final pre-GST tax dispute resolution relief before stricter recovery action against defaulters begins.
    The One-Time Settlement Scheme 2025 for pre-GST tax dues has been extended until September 30. Eligible taxpayers may resolve pending legacy tax disputes with full waiver of interest and penalties and slab-wise relief in principal tax. After the deadline, recovery action may be intensified under applicable tax laws and the Punjab Land Revenue Act, including property attachment, auction and freezing of bank accounts. The department also supports amicable settlement of tax disputes through the SAMADHAN initiative.
    July 30, 2026
    Show AI Summary
    Proposed e-Way Bill enhancements remain on hold, with no production changes required pending further communication.
    Proposed e-Way Bill enhancements have been kept on hold until further notice. Stakeholders are not required to make production-environment changes pursuant to the earlier advisories concerning those enhancements. The related advisories and FAQs are to be withdrawn from the GST Portal pending further communication.
    July 29, 2026
    Show AI Summary
    Input Tax Credit unblocking allegedly involved illegal gratification, prompting a trap operation and apprehension of the officer and consultant.
    Alleged bribery connected with unblocking Input Tax Credit arose after an electronics trader received a show-cause notice and had its ITC blocked. A private tax consultant allegedly conveyed that a State GST officer demanded illegal gratification for unblocking the credit and encouraged the trader to settle the demand. Following a complaint, a trap operation allegedly led to the apprehension of the officer and consultant, with further legal action in progress.
    July 21, 2026
    Show AI Summary
    Free trade agreements and e-commerce export reforms expand preferential market access, address non-tariff barriers, and support small exporters.
    Export market diversification is advanced through trade agreements, export-promotion measures and capacity building. Free Trade Agreements seek preferential market access, increased trade and investment, and support for labour-intensive exports, while technical barriers to trade provisions and engagement mechanisms address standards, regulatory requirements and non-tariff barriers. Cross-border e-commerce exports are supported through trade-finance and compliance assistance, E-Commerce Export Hubs, District Export Hubs, simplified courier-export procedures, reverse-logistics facilitation, logistics planning, duty-and-tax remission, and MSME export facilitation.
    July 17, 2026
    Show AI Summary
    GST compliance management integrates reconciliation, input tax credit support, invoicing and statutory monitoring within an AI-powered enterprise platform.
    The unified cloud platform combines accounting, manufacturing, inventory, procurement, human resources, payroll, compliance, reporting and document management with an embedded AI agent. Its compliance functions include GST validation, purchase-register reconciliation with GSTR-2B, input tax credit support, supplier filing-gap detection, e-invoicing, e-way bills, TDS and statutory due-date tracking. Financial and operational workflows are intended to use common real-time data, with automation for invoices, journal entries, reconciliations, reporting, workflow approvals and compliance-risk monitoring.
    July 8, 2026
    Show AI Summary
    Ease of Doing Business reforms propose time-bound approvals, simpler compliance and faster refunds to improve investor-friendly regulation.
    A draft Ease of Doing Business law proposes time-bound approvals, deemed approvals, self-certification, third-party verification, risk-based inspections and removal of duplicate licensing requirements to reduce procedural hurdles and create a more investor-friendly regulatory environment. The cabinet also approved related industrial investment, payment security and tax reforms, including GST simplification, faster refunds and abolition of the redundant Commercial Tax Tribunal.
    July 7, 2026
    Show AI Summary
    Aviation turbine fuel under GST sought to cut airline operating costs and improve financial viability.
    Airlines have sought inclusion of aviation turbine fuel under the GST regime to reduce operating costs and ease financial pressure on Indian carriers. The request points to the present tax structure under which States levy excise duty and VAT on ATF, making fuel a major component of airline operating expenses. The industry body urges that ATF be brought under GST at 5 per cent with full Input Tax Credit, and asks the civil aviation ministry to support engagement with the relevant ministries and stakeholders.
    July 6, 2026
    Show AI Summary
    Forged GST invoices and hawala routing allegedly enabled a border smuggling and money-laundering network for areca nut trade.
    An alleged organised syndicate smuggled foreign-origin areca nut across the India-Myanmar border and channelled the proceeds through a laundering network using forged GST invoices, bogus supplier and buyer entities, false transport documents and hawala routes. The alleged operation involved suppliers in Mizoram, facilitators in Assam, consignees and financiers in West Bengal and Uttar Pradesh, and an invoicing entity in Kolkata said to have enabled circular trading. The investigation, conducted under the Prevention of Money Laundering Act, involved multi-state searches and the seizure or freezing of diaries, title deeds, property documents, cash and bank accounts.
    July 4, 2026
    Show AI Summary
    GST collection growth in Assam reflects stronger compliance, leakages control and digital tax administration.
    Assam reported a 15 per cent increase in GST collection in June, with receipts rising to Rs 1,437 crore from Rs 1,255 crore. The growth was attributed to improved compliance, leakages control, stronger digital tax administration and a wider tax base. GST collections for the April to June quarter were also higher, at Rs 4,467 crore against Rs 3,026 crore in the corresponding period of the previous year.
    July 2, 2026
    Show AI Summary
    Mandatory Ship-to GSTIN and voluntary e-Way Bill closure reshape GST compliance, API validations, and delivery recording from August 2026.
    Mandatory capture of Ship-to GSTIN is introduced for Bill-to/Ship-to and combination transactions in e-Way Bill and related e-invoice flows from 1 August 2026, with URP permitted where GSTIN is unavailable. The Ship-to GSTIN is captured only in the backend for verification and audit purposes and is not printed or shared through taxpayer-facing APIs. A voluntary e-Way Bill closure facility is also introduced, allowing closure after delivery by the supplier, recipient, transporter, driver or authorised person, through portal or API, with post-closure actions continuing during the initial stabilisation period.
    July 2, 2026
    Show AI Summary
    GST revenue collections show higher gross and net inflows, with domestic growth, import gains, and refund adjustments detailed.
    Gross and net GST revenue collections for June 2026 were reported with a breakup of domestic revenue, import revenue, refunds, and net revenue. Gross GST revenue rose on a monthly and yearly basis, driven by higher domestic collections and stronger import-side IGST collections, while refunds were separately shown for domestic supplies and export-related refunds through ICEGATE. Net GST revenue was also presented after deducting refunds, and the figures were noted as provisional and subject to finalisation.
    July 2, 2026
    Show AI Summary
    Aggregate Annual Turnover amendment window revised on the GST Portal for FY 2025-26 with officer review timelines updated.
    Aggregate Annual Turnover (AATO) functionality on the GST Portal is being upgraded to enable automatic updation of AATO as subsequent returns are filed after the amendment window. For FY 2025-26, taxpayers may submit AATO amendment applications from 1 July to 31 July 2026, and jurisdictional Tax Officers will review amended details from 1 August to 15 August 2026. The revised arrangement is intended to improve consistency, accuracy, and uniformity in AATO reporting.

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      NetAcct Solutions Launches Entries ERP Powered by the Entries AI Platform

      July 17, 2026

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      Backed by former Freshworks leaders, the Bengaluru-based company introduces its next-generation AI-native ERP platform that unifies Accounting, Financial Reporting, Inventory Management, Manufacturing, Procurement, Sales, HRMS, Payroll, Compliance, Projects, Document Management, Business Intelligence, and AI Automation into one intelligent cloud platform.
      BENGALURU, India, July 16, 2026 /PRNewswire/ -- NetAcct Solutions Pvt. Ltd., a Bengaluru-based enterprise software company backed by former Freshworks leaders, today announced the launch of Entries ERP, the latest generation of its AI-powered Enterprise Resource Planning (ERP) solution built on the Entries AI Platform.




      Powered by Infinity, the enterprise AI Agent from Entries AI, Entries ERP helps organizations automate accounting, finance, manufacturing, inventory, procurement, HR, payroll, compliance, and day-to-day business operations through one unified intelligent cloud platform.


      Designed specifically for Indian startups, SMEs, manufacturing companies, professional services firms, Chartered Accountant practices, and growing enterprises, Entries ERP replaces multiple disconnected business applications with one integrated system that connects every department through a single source of truth.


      Today, more than 500 organizations trust Entries ERP to manage Accounting, Financial Reporting, Inventory Management, Manufacturing, HRMS, Payroll, Compliance, Procurement, Sales, Projects, Business Intelligence, and Document Management from one platform.


      From Accounting Software to a Complete AI-Powered ERP Platform
      The journey of Entries began in April 2023 when NetAcct Solutions launched an accounting platform to help Indian businesses migrate from QuickBooks following its exit from the Indian market.


      As customers grew, so did their requirements.
      Businesses no longer want separate applications for accounting, payroll, inventory, manufacturing, compliance, reporting, and document management. They want one intelligent platform capable of managing their entire business.


      Working closely with hundreds of customers across manufacturing, retail, engineering, healthcare, education, logistics, technology, consulting, and professional services, NetAcct Solutions transformed Entries into a complete AI-powered ERP platform built specifically for Indian businesses.


      Today, Entries ERP combines years of customer feedback, finance expertise, enterprise implementation experience, and AI innovation into one modern cloud platform.


      One Unified Platform for Accounting, Manufacturing, HRMS and Business Operations
      Most growing businesses operate multiple software products to manage different functions:
      • Accounting Software
      • Financial Reporting
      • HRMS
      • Payroll Software
      • Inventory Management
      • Manufacturing ERP
      • Warehouse Management
      • Procurement
      • Sales
      • Project Management
      • Compliance Management
      • Document Management
      • Business Intelligence
      The result is duplicated data, disconnected workflows, manual reconciliations, inconsistent reporting, delayed decision-making, and higher operational costs.


      Entries ERP eliminates these silos by bringing Finance, Procurement, Manufacturing, Inventory, Sales, HR, Payroll, Compliance, Projects, Leadership, and Operations onto one unified platform.


      Every department works from the same real-time data.


      One Platform. One Database. One Source of Truth.


      Introducing Infinity by Entries AI — The Enterprise AI Agent
      At the heart of Entries ERP is Infinity, the enterprise AI Agent built on the Entries AI Platform.


      Infinity is not simply a chatbot.


      It is an intelligent business agent capable of understanding transactions, executing business processes, automating accounting, orchestrating workflows, retrieving information, and providing real-time business intelligence.


      Unlike traditional ERP systems where AI is added as a feature, Infinity is embedded across every workflow within Entries ERP.


      Finance teams, HR professionals, procurement managers, manufacturing planners, warehouse teams, compliance officers, sales teams, and business leaders all work alongside the same intelligent AI assistant.


      With Infinity, organizations can:
      • Automatically extract Purchase Invoices from PDFs, emails, scanned documents, and images.


      • Create Purchase Invoices with AI-assisted validation.


      • Generate Sales Quotations and Sales Invoices using natural language.


      • Create Journal Entries automatically.


      • Recommend accounting entries based on business transactions.


      • Process supplier invoices.


      • Automate bank reconciliations.


      • Retrieve financial statements instantly.


      • Generate Balance Sheets, Profit & Loss Statements, Cash Flow Statements, Trial Balance, General Ledger, and MIS reports conversationally.


      • Generate GST reports and compliance summaries.


      • Retrieve inventory reports and warehouse analytics.


      • Monitor manufacturing performance.


      • Identify production bottlenecks.


      • Detect accounting anomalies.


      • Identify revenue leakages.


      • Detect missing vendor invoices.


      • Monitor compliance risks.


      • Generate executive dashboards.


      • Answer business questions in plain English.


      Infinity can answer questions such as:
      • "Show me customers with overdue receivables."
      • "What is my EBITDA this quarter?"
      • "Which suppliers have pending invoices?"
      • "Show inventory shortages impacting production."
      • "Summarize payroll costs this month."
      • "Which GST invoices are pending reconciliation?"
      • "Show my manufacturing efficiency by plant."
      • "Prepare my financial reporting package."
      Infinity transforms Entries ERP from a traditional system of record into an intelligent system of action.


      AI Embedded Across Every Business Process
      AI is no longer an add-on.


      Within Entries ERP, AI is embedded throughout Accounting, Financial Reporting, Manufacturing, Inventory Management, HRMS, Payroll, Procurement, Compliance, CRM, Projects, and Document Management.


      AI capabilities include:
      • Purchase Invoice OCR and extraction
      • AI-assisted Accounting
      • Automated Journal Entries
      • Sales Invoice generation
      • Quote-to-Cash automation
      • Procure-to-Pay automation
      • Intelligent document extraction
      • GST validation
      • Financial reconciliations
      • Revenue leakage detection
      • Business anomaly detection
      • Compliance monitoring
      • Automated workflow approvals
      • Conversational reporting
      • Predictive business insights
      • AI-powered dashboards
      • Intelligent business recommendations
      By reducing manual work across finance and operations, businesses accelerate month-end close, improve reporting accuracy, reduce costs, and make faster decisions.


      Built for Modern Finance Teams
      Entries ERP provides a complete financial management platform.


      Finance capabilities include:
      • General Ledger
      • Chart of Accounts
      • Accounts Payable
      • Accounts Receivable
      • Bank Reconciliation
      • Cash Flow Management
      • Budgeting
      • Financial Reporting
      • Multi-company Accounting
      • Multi-branch Accounting
      • Multi-currency Accounting
      • Cost Centers
      • Projects
      • Fixed Assets
      • Asset Depreciation
      • Accrual Accounting
      • Deferred Revenue
      • Deferred Expenses
      • Inter-company Accounting
      • Period Close Management
      • Financial Close Automation
      • Audit Readiness
      • AI-assisted Accounting
      • Management Reporting
      Finance leaders gain complete visibility into organizational performance through real-time dashboards and AI-powered analytics.


      Built for Manufacturing, Inventory and Supply Chain
      Entries ERP connects manufacturing operations directly with finance.


      Manufacturing capabilities include:
      • Inventory Management
      • Warehouse Management
      • Multi-location Inventory
      • Batch & Serial Number Tracking
      • Procurement
      • Purchase Management
      • Vendor Management
      • Material Requests
      • Purchase Orders
      • Goods Receipts
      • Bill of Materials (BOM)
      • Production Planning
      • Material Requirements Planning (MRP)
      • Work Orders
      • Job Cards
      • Shop Floor Management
      • Production Scheduling
      • Material Consumption
      • Finished Goods Management
      • Subcontracting
      • Quality Control
      • Manufacturing Costing
      • Production Analytics
      Every inventory movement automatically updates accounting, ensuring accurate inventory valuation and financial reporting.


      HRMS, Payroll and Employee Experience
      Entries ERP provides a complete Hire-to-Retire platform.


      Organizations can manage:
      • Employee Onboarding
      • HRMS
      • Payroll
      • Attendance
      • Leave Management
      • Shift Management
      • Expense Claims
      • Performance Management
      • Employee Self-Service (ESS)
      • Mobile Attendance
      • Geo-fencing
      • Payslips
      • Tax Declarations
      • Compliance
      • Full & Final Settlement
      Employees access everything through the Entries ERP ESS Mobile App.


      Smarter GST and Compliance Management
      Entries ERP includes integrated GST Compliance, e-Invoicing, e-Way Bill, TDS, statutory compliance, and one of India's most comprehensive Compliance Management platforms.


      Organizations can:
      • Reconcile Purchase Register with GSTR-2B
      • Maximize Input Tax Credit
      • Detect supplier filing gaps
      • Track statutory due dates
      • Monitor Companies Act compliance
      • Manage Labour Law compliance
      • Monitor Secretarial compliance
      • Improve governance through Compliance Health Scores
      Businesses remain audit-ready and investor-ready throughout the year.


      Built for Chartered Accountants and Managed Finance Services
      Entries ERP includes an integrated CA Practice platform enabling firms to manage multiple clients from one workspace.


      Capabilities include:
      • Client Management
      • Accounting Services
      • Payroll Services
      • Compliance Management
      • Document Management
      • Task Management
      • Collaboration
      • Business Insights
      • Financial Reporting
      The platform enables firms to scale advisory and managed finance services while maintaining complete visibility across every client organization.


      One Platform. Infinite Possibilities.


      With Entries ERP and the Entries AI Platform, NetAcct Solutions believes the future of enterprise software is autonomous.


      Businesses no longer need separate software for Accounting, Financial Reporting, Inventory Management, Manufacturing, Procurement, HRMS, Payroll, Compliance, CRM, Projects, Document Management, Business Intelligence, and AI.


      Infinity brings all these capabilities together through one intelligent platform capable of understanding, automating, and continuously improving business operations.


      The vision is simple: One intelligent platform that runs the entire business.


      About NetAcct Solutions Pvt. Ltd.


      NetAcct Solutions Pvt. Ltd. is a Bengaluru-based enterprise software company backed by former Freshworks leaders, building AI-powered business management software for modern Indian businesses.
      Its flagship offering, Entries ERP, is built on the Entries AI Platform and powered by Infinity, the enterprise AI Agent.


      Entries ERP combines AI-powered Accounting Software, Financial Reporting, Inventory Management, Manufacturing ERP, Procurement, Sales, CRM, HRMS, Payroll, Compliance Management, Projects, Document Management, Business Intelligence, and AI Automation into one unified cloud platform designed specifically for Indian businesses.


      The platform enables organizations to replace multiple disconnected applications with a single source of truth, helping them operate more efficiently, make better decisions, strengthen governance, and accelerate growth.


      Website: https://entries.ai
      Entries ERP — Powered by the Entries AI Platform
      One Unified AI-Powered ERP for Accounting, Financial Reporting, Manufacturing, Inventory Management, Procurement, HRMS, Payroll, Compliance, CRM, Projects, Business Intelligence, and Business Operations.


      Powered by Infinity. Simplified. Powerful. Built for Growth.


      (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR

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