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    GST dept issues tax demand of Rs 124 cr to Spicejet, slaps showcause notice for delay in return filing
    Odisha may attract Rs 25,000-30,000 cr in power investments after policy shift
    HIGHLIGHTS
    Govt forwent Rs 1 lakh cr via excise duty cuts to shield consumers from fuel inflation: FM
    CBI Arrests CGST Superintendent and Inspector in a Bribery Case
    Advisory to Taxpayers and Stakeholders – Enhancements in the e-Way Bill (EWB) Portal
    India’s 45-Day MSME Payment Rule Exposes Structural Gap in Industrial Supply Chain Finance
    Andhra govt clears over 800 acres for RIL’s Rs 1 lakh-cr AI data centre in Vizianagaram district
    BJD MP meets FM, seeks structured GST Council deliberations to include petrol, diesel under GST
    Filing of Annexure-B for Refund Applications involving Accumulated ITC using the offline utility in GST portal
    Andhra CM writes to Centre over crises faced by aquaculture, tobacco farmers
    Delhi: Two arrested in multi-crore GST, VAT fraud involving dummy firms, fund layering
    Delhi: Six arrested in Rs 128-crore fake GST invoicing racket busted by EOW
    Release of Supply and Use Tables of 2022-23 and 2023-24: Detailed Product-Industry Insights into the Indian Economy
    Odisha: BJD, Congress demand rollback of fuel price hike
    Petrol, diesel prices hiked by Rs 3, CNG by Rs 2 after elections as crude costs bite
    Maharashtra cuts VAT on aviation turbine fuel to 7 pc from 18 pc for six months
    Andhra govt targets Rs 1.27 lakh crore own revenue for 2026-27
    The Era of Informal Influence Is Over: India's Creator Economy Is Entering Its Institutional Age
    West Asia crisis: Worried by high VAT on PNG, small-scale industries in MP seek rate cut
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    May 29, 2026
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    GST return compliance triggers provisional assessment, tax demand and proposed registration cancellation for persistent filing defaults.
    GST authorities initiated action for persistent non-filing and delayed filing of GST returns, leading to a provisional assessment of tax liability under the CGST and SGST framework. The department issued a tax demand based on repeated irregularities in return compliance and also proposed cancellation of GST registration through a show-cause notice. The matter concerns return-filing obligations, provisional assessment, tax demand, and registration-cancellation proceedings under GST law.
    May 26, 2026
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    Power sector investment policy shift boosts Odisha's thermal project viability and renews developer interest in the state.
    Odisha is expected to attract fresh investment in the power sector after aligning its concessional power allocation policy for thermal plants with the Centre's framework. The revised approach replaces the earlier requirement that developers reserve 12-14 per cent of capacity for state consumption at concessional rates with a 5 per cent supply obligation at variable charges for newly commissioned thermal power plants. Industry representatives said the earlier higher allocation norm had discouraged investment despite the State's coal reserves, port access and skilled manpower, while the new framework is expected to improve project viability and investor sentiment.
    May 25, 2026
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    Aviation health advisories and criminal probe oversight shape regulatory and judicial responses to public safety concerns.
    Aviation safety measures were reinforced through a DGCA advisory issued in response to the Ebola outbreak in parts of Africa. Airlines were directed to make in-flight announcements, obtain self-declaration forms from passengers originating from or transiting through affected countries, and take other preventive steps to manage public-health risk in air travel. In the Twisha Sharma death case, the Supreme Court stated that it would ensure a fair, independent and impartial CBI probe. In the NEET paper leak matter, the Supreme Court issued notices on pleas seeking replacement of the existing testing body with a more robust and autonomous mechanism for conducting the examination.
    May 25, 2026
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    Excise duty cuts, fuel inflation, and exporter sustainability pressures shape the government's outlook on prices and trade.
    Government revenue foregone through excise duty cuts on petrol and diesel was described as a consumer-protection measure used to cushion fuel inflation, while later retail fuel increases were attributed to market-driven revisions by oil marketing companies after a surge in international crude prices. The remarks also referred to the Reserve Bank of India's dividend transfer as arising from an established calculation process, and noted that exporters must adapt to sustainability requirements, traceability, fair labour practices, and the changing impact of artificial intelligence and automation on manufacturing.
    May 23, 2026
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    Bribery in GST compliance alleged as CBI arrests officials for demanding payment to resolve Input Tax Credit mismatch.
    CBI arrested a CGST Superintendent and Inspector in a bribery case involving a demand for undue advantage to resolve an Input Tax Credit mismatch and a threat to block the complainant's GST registration. A trap was laid and the accused were caught red-handed while accepting part payment of the bribe. Searches were conducted at the office and residential premises of the accused public servants, and investigation is continuing.
    May 21, 2026
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    Mandatory Ship To GSTIN capture and voluntary e-Way Bill closure streamline traceability and transaction completion.
    Functional enhancements are being introduced in the e-Way Bill system to improve data integrity, traceability, and operational efficiency. In Bill-To/Ship-To transactions, capture of the Ship To GSTIN is being made mandatory during e-Way Bill generation, and where the consignee is unregistered the value "URP" is to be entered in that field. A voluntary e-Way Bill closure facility has also been introduced to enable closure after delivery of goods is completed, through the portal or through an API.
    May 21, 2026
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    Supply chain finance gaps sharpen as the 45-day MSME payment rule strains industrial distributors' working capital.
    India's 45-day MSME payment rule has intensified working capital pressure across informal industrial supply chains by requiring companies to settle dues to micro and small enterprise suppliers within the tax-prescribed period while downstream buyers often continue to pay much later. The analysis presents this as a systems problem in supply chain finance rather than a pure credit-cost issue, because conventional bank lending structures rely on audited financials, collateral, and formal credit histories that most industrial distributors cannot furnish. A phased supply chain finance architecture is proposed around the anchor company's transaction data, commercial relationships, and payment behaviour. The model contemplates anchor-validated invoice financing for distributors, invoice discounting against receivables, and the use of platform-tracked sales, inventory movement, GST invoice trails, and repeat-order patterns as substitutes for traditional underwriting inputs.
    May 20, 2026
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    AI data centre project approvals include land allotment, utility support, and major fiscal incentives for large-scale investment.
    Andhra Pradesh approved allotment of 854.97 acres in Vizianagaram district to Reliance Industries Limited at a 25 percent discounted rate for a Giga-Scale AI Data Centre with a Cable Landing Station. The package includes non-fiscal support such as water provision for 20 years and a proposal to study a desalination plant, together with fiscal incentives including stamp duty and registration exemption, capital subsidy, SGST reimbursement, water tariff subsidy, power tariff subsidy, and cross-subsidy surcharge exemption.
    May 20, 2026
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    GST framework deliberations on petrol and diesel inclusion focus on phased integration, state revenue protection, and fiscal balance.
    Petrol and diesel should be considered for inclusion under the GST framework through structured and consultative deliberations in the GST Council. The representation relies on Article 279A(5) as envisaging the eventual inclusion of petroleum products within GST and urges fresh consideration in light of prevailing economic conditions. It proposes a calibrated framework, including a working group, transitional compensation support, a limited revenue-protection cess, and a formula-based fiscal stabilisation mechanism.
    May 19, 2026
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    Input tax credit refund filing now requires Annexure-B through the offline utility with invoice-wise HSN/SAC reporting and GSTR-2B validation.
    Annexure-B for refund applications involving accumulated Input Tax Credit must be furnished through the prescribed offline utility on the GST portal for specified refund categories, including exports without payment of tax, supplies to SEZ units or developers, inverted tax structure claims, and export of electricity. The utility requires invoice-wise HSN/SAC-wise reporting, separate line items for different input categories, correct disclosure of taxable value, tax amount, blocked credit status, and proper reporting of ITC reversals. The generated JSON is to be uploaded for validation against GSTR-2B, subject to the system rules for validation, duplicate checks, and file limits.
    May 18, 2026
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    Aquaculture and tobacco taxation pressures intensify as higher tariffs, GST and excise duties strain farmers and market procurement.
    Aquaculture exporters and farmers in Andhra Pradesh are under pressure from the tariff burden on shrimp exports, domestic price weakness, and livelihood stress, prompting requests for higher working capital, interest relief, temporary exemption from interest and GST, export diversification, and transport and credit support. FCV tobacco farmers are also affected by higher GST and excise duty on cigarettes, which is reducing procurement and auction prices, and a review of the enhanced taxation and excise structure is sought to protect farmer interests and stabilise the market.
    May 16, 2026
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    GST and VAT fraud through dummy firms and fund layering led to arrests and custodial interrogation.
    Two persons, including a chartered accountant, were arrested in connection with alleged GST and VAT irregularities involving misuse of business credentials, dummy firms and layering of funds through multiple bank accounts. The complaint alleged unauthorised use of firm credentials for suspicious transactions, while investigators found cash withdrawals and electronic transfers without genuine business activity. The probe also pointed to dummy firms, filed GST compliances and rapid fund transfers to conceal beneficiaries and obscure the financial trail.
    May 16, 2026
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    GST fraud through shell companies and fake invoicing networks allegedly enabled bogus input tax credit claims and concealed fund routing.
    Alleged GST fraud and fake invoicing activity involved shell companies, forged documents and fabricated business identities used to generate bogus GST invoices and claim wrongful Input Tax Credit without actual supply of goods or services. The enquiry also concerns accommodation entries, fake returns and concealed fund movements routed through bank accounts and intermediaries, with investigators identifying a syndicate said to have created numerous shell companies using fraudulently obtained documents.
    May 16, 2026
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    Supply and Use Tables strengthen national accounts consistency through product-level reconciliation of production, income and expenditure estimates.
    The Supply and Use Tables for 2022-23 and 2023-24 integrate annual national accounts with a product-by-industry framework to reconcile production, income and expenditure estimates at current prices. The tables distinguish domestic production, imports, taxes, margins and product uses, including intermediate consumption and final demand, and use product balancing to satisfy the identity between total supply and total use. The compilation covers 155 products and 67 industries and relies on survey and administrative data sources to improve consistency, granularity and comparability.
    May 15, 2026
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    Fuel price hike protests intensify as opposition demands rollback and calls for petrol and diesel under GST.
    Opposition parties in Odisha demanded an immediate rollback of the fuel price hike and protested the increase in petrol and diesel prices, alleging inconsistency in the ruling party's position on bringing petrol and diesel under the GST regime. The criticism also targeted the call to withdraw VAT, claims about oil company profits, and the broader burden of rising fuel costs, including commercial LPG and CNG prices.
    May 15, 2026
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    Fuel price revision reflects higher crude costs, partial loss recovery, and likely inflationary pressure across transport and logistics.
    Petrol, diesel and CNG prices were raised after a prolonged freeze, while piped natural gas and domestic LPG stayed unchanged. The revision was driven by higher global crude costs and the need for state-run fuel retailers to partly pass on accumulated losses. Industry sources said the increase was calibrated and still left oil marketing companies with under-recoveries if crude prices remain elevated, with likely inflationary spillovers through transport, logistics and input costs.
    May 15, 2026
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    Value Added Tax cut on aviation turbine fuel in Maharashtra lowers airline fuel costs under a six-month concession.
    Reduced Value Added Tax on Aviation Turbine Fuel in Maharashtra from 18 per cent to 7 per cent for six months under a notification issued pursuant to the Maharashtra Value Added Tax Act, 2002. The amendment substitutes the existing tax rate in Entry 6 of Schedule B, and the concessional rate remains in force until November 14 unless extended or modified by the government, after which the previous rate would apply.
    May 15, 2026
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    Revenue mobilisation and AI-driven GST scrutiny shape Andhra Pradesh's plan to strengthen collections and plug leakages.
    Andhra Pradesh has set an own-revenue target for 2026-27 and directed revenue-generating departments to strengthen collections through technology-driven systems, tighter monitoring and efforts to plug leakages. The administration has called for AI-driven GST scrutiny, enhanced analytics and other advanced tools to identify revenue leakages and improve compliance without harassing taxpayers.
    May 14, 2026
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    Creator economy formalisation is accelerating as GST registration, AI adoption, and disclosure compliance reshape influencer marketing.
    India's creator economy is described as moving into a formalised industry shaped by standardised processes, infrastructure-led growth, and regulatory governance. GST registration is presented as a baseline for institutional brand partnerships, while regional expansion, brand accountability, AI adoption, and compliance requirements are identified as the main forces reshaping influencer marketing. ASCI disclosures, SEBI scrutiny, and DPDP compliance are framed as structural filters for durable participation in the sector.
    May 13, 2026
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    VAT on industrial piped natural gas draws MSME demand for rate cut and GST inclusion to ease costs
    Micro, small and medium enterprises in Madhya Pradesh sought a reduction in the VAT on piped natural gas used for industrial purposes, saying high fuel prices and the absence of GST input tax credit are raising production costs and hurting competitiveness. They urged either a lower VAT rate or inclusion of PNG within the GST ambit. Industry and business groups also demanded simplification of the GST return filing process.

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