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    Congress' Gaurav Gogoi seeks revamp of GST rates in Union Budget
    Modi govt has made GST a means of 'looting' poor, middle class: Kharge
    GST collection increased 170% in 5 years, people hardly saw its benefits: Congress leader Khera
    Rationalise GST slabs, provide relief to middle class, lower income groups: Cong leader Pilot
    NEWS HIGHLIGHTS
    Implementation of mandatory mentioning of HSN codes in GSTR-1 & GSTR 1A
    India’s GST world’s ‘worst’ tax regime, middle class contributing to govt's revenue collection: Cong
    Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Rajasthan
    Enabling filing of Application for Rectification as per Notn. 22/2024-CT, dtd. 08/10/24, 2024
    Himachal Deputy CM raises key issues at Transport Ministers' National meeting in Delhi
    Odisha: Patnaik slams BJP dispensation over price rise, dubs Mohan Majhi govt 'Mahanga Mada Sarkar'
    Odisha: Patnaik call BJP's double-engine govt as 'double blow' to people
    Delhi's excise revenue up by 13% in first 3 qtrs of 2024-25
    Govt should lower GST on cement at 18 pc, frame policy to boost demand: JK Lakshmi
    Congress alleges slowdown in GST collections, asks govt to focus on complexities of economy
    Punjab's revenue collection from VAT, CST, GST crosses Rs 30,000 crore in Apr-Dec: Cheema
    Rupee falls 9 paise to close at 85.73 against US dollar
    India''s non-life Insurance industry may register double-digit growth in 2025
    Rupee falls 11 paise to 85.75 against US dollar in early trade
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January 9, 2025
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Parental duty to fund a daughter's education can be legally enforced, while reservation and enforcement issues face legal scrutiny.
Arrest and enforcement actions included detention of alleged terror associates and an Enforcement Directorate arrest in a large cooperative fraud probe; a judicial inquiry and administrative transfers followed a fatal temple stampede. Key legal developments stated a parental obligation to provide enforceable educational expenses to a daughter, a status quo order on disputed housing construction under a central housing scheme, and that exclusion from reservation benefits is to be decided by the executive and legislature, while protection of railway ticketing integrity was urged.
January 9, 2025
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GST revamp proposed to rebalance tax incidence and reduce burden on middle and lower-middle income groups.
Demand for a comprehensive revamp of Goods and Services Tax (GST) rates is advanced to remedy an alleged disproportionate burden on middle and lower-middle classes, arguing most GST revenue is derived from the bottom half of the population while the ultra-wealthy contribute little. The commentary criticises a prior corporate tax cut as favoring large businesses and proposes a GST 2.0 to reallocate tax incidence away from essential goods and ordinary citizens toward a fairer distribution. It also calls for transparency and accountability in state investment projects, urging assessment of prior commitments before launching new initiatives.
January 9, 2025
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GST burden highlighted as a regressive consumption tax concentrating revenue extraction on poor and middle-class households.
The document argues that the Goods and Services Tax operates as a consumption tax that disproportionately burdens the poor and middle class due to multiple rate slabs and expanded coverage-including certain agricultural products and insurance premiums-creating regressive effects and concentrating revenue extraction from lower-income households.
January 9, 2025
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GST burden: complexity and uneven distribution alleged despite revenue growth, prompting calls to review rates and coverage.
The article critiques the Goods and Services Tax (GST) as administratively complex and distributively regressive despite large revenue increases, citing multiple rate slabs, frequent clarificatory orders, expanded coverage to farmers' equipment, alleged uneven tax burden distribution, and reported increases in GST evasion; it frames these as policy and compliance concerns requiring review of rate structure, coverage and enforcement.
January 9, 2025
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GST slab rationalisation urged to rebalance tax incidence and provide relief to middle income and lower income consumers.
Rationalisation of GST slabs and targeted relief for middle class and lower income households are urged ahead of the Union Budget through a proposed GST 2.0, on the ground that the current consumer facing levy disproportionately burdens wage earners and professionals while a narrow direct tax base leaves most consumers bearing indirect tax incidence.
January 9, 2025
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Counterterrorism cooperation enhances intelligence sharing and joint probes; security forces report encounters, device recoveries, and ongoing investigations.
Reports indicate strengthened India-US counterterrorism cooperation with increased intelligence sharing. Security forces conducted an encounter killing three alleged Naxalites and recovered IEDs in a separate district. Investigations include a probe into a China-made drone found inside a high-security prison, enforcement scrutiny following an extortion-linked arrest related to a sarpanch's murder, and a registered criminal case over derogatory public remarks. Protests against a hazardous waste disposal plan also reflect regulatory and public-safety concerns.
January 9, 2025
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Mandatory HSN code reporting now requires drop down selection and separate B2B/B2C Table 12 reporting with warning validations.
Mandatory reporting requires selection of HSN codes in GSTR 1 and GSTR 1A through a predefined drop down for Table 12, which is bifurcated into B2B and B2C tabs. Manual free text entry of HSN has been removed. System validations checking supply values against tax amounts have been introduced for both tabs and are initially configured as warnings so that failures will notify filers without blocking GSTR 1 or GSTR 1A submission.
January 9, 2025
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GST burden on ordinary consumers is driven by multiple rates and cesses, prompting calls for slab rationalisation to reduce regressivity.
India's Goods and Services Tax regime is criticised as unduly complex and disproportionately burdensome on ordinary consumers, with multiple rates, cesses and recent rate adjustments shifting the tax burden onto the shrinking middle class and lower-income households. The multiplicity of rates and slab confusion increases compliance costs for small businesses while advantaging large firms, and the piece advocates slab rationalisation and broader tax reform to reduce regressivity and support consumption and growth.
January 8, 2025
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Biometric Aadhaar authentication now requires appointment-based in-person verification for certain GST registration applicants, enabling ARN issuance after checks.
Amendment to Rule 8 allows identification via Biometric-based Aadhaar Authentication with applicant photograph and original-document verification using portal data analysis and risk parameters. After filing Form GST REG-01 applicants receive either an OTP-based authentication link or a link to book an appointment at a designated GST Suvidha Kendra for biometric authentication and in-person document verification; ARNs are generated after completion of these biometric and document checks.
January 8, 2025
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Availability of Input Tax Credit now permits filing rectification applications where prior demand orders wrongly denied credit.
Notification No. 22/2024 permits persons who faced demand orders for wrongful availment of input tax credit under the previously applicable sub section of section 16 to apply for rectification where that credit is now allowed by the newly inserted sub sections of section 16; a portal function is available to file the application, requiring completion and upload of Annexure A proforma and navigation through Services > User Services > My Applications with the application type "Application for rectification of order."
January 7, 2025
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Vehicle scrapping policy reform: seek grants instead of loans to address hilly-state implementation and financial strain, and tax parity for buses.
Himachal Pradesh proposed that scrapping incentives under the Vehicle Scrapping Policy be provided as grants rather than loans because hilltopography and sparse vehicle populations make vehicle assembly and disposal costly and disruptive; the State requested a more favourable assistance structure to enable compliance without impairing departmental functioning. It also urged central guidance to address tax and permit misuse by All India Tourist Permit buses operating as stage carriage services, and sought Input Tax Credit eligibility for ropeway passenger services to lower capital costs for a major urban ropeway project.
January 6, 2025
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GST on essentials blamed for worsening price rise, prompting large protest and political accusations against state government.
Allegations that taxation and market policy-notably the imposition of GST on a broad range of products including medicines-have worsened commodity price inflation led to a major protest accusing the state government of failing to control market prices; organisers used symbolic displays of staples and fuel to emphasise consumer and farmer hardship and to press for policy attention to price stability.
January 6, 2025
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GST burden deepens cost-of-living; opposition accuses government of failing to control inflation and market prices.
Opposition leader accuses concurrent state and central governance of producing compounded harm to citizens by failing to control market prices; he singles out the GST burden as broadly applied and increasing costs for poor consumers, and links government inaction on price inflation and unseasonal crop losses to farmer distress, framing the matters as political accountability and public policy failures in market regulation and consumer protection.
January 5, 2025
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Excise revenue growth signals stronger fiscal receipts as excise duty and VAT composition shifts and targets are set.
Excise revenue rose about 13% in the first three quarters of 2024-25, with receipts composed primarily of excise duty and a significant Value Added Tax share; a higher fiscal year revenue target has been set above current collections.
January 5, 2025
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GST on cement urged to be reduced to stimulate consumption, infrastructure procurement and manufacturing investment.
The article advocates reducing the GST on cement to a lower rate to stimulate consumption and support infrastructure, arguing that tax relief combined with procurement specifications favouring cement concrete would encourage demand growth, justify capacity expansion and improve pricing. It urges Budget and policy measures to boost use of cement, describes planned manufacturing investment in Bihar aided by state fiscal incentives and MoU commitments, and notes industry capacity targets and market structure observations relevant to supply expansion.
January 3, 2025
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GST slowdown prompts call for income support and tax relief to revive consumption and investment.
Persistent deceleration in GST receipts reflects weakening demand, with net collections showing very low growth and year-to-date short of budgeted targets; government expenditure should act as stimulus rather than justification for cutting social programmes. The statement urges targeted income support for low-income households, tax relief for the middle classes, implementation of a simpler GST 2.0, and an end to enforcement practices that deter private investment, while preserving funding for MGNREGA.
January 2, 2025
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GST revenue growth signals stronger state tax collections and improved excise performance, reflecting fiscal consolidation efforts.
State revenue collections from VAT, CST, GST, State Development Tax and excise exceeded thirty-thousand-crore in the first nine months, totaling Rs 31,156.31 crore versus Rs 27,927.31 crore in the prior year; a detailed breakdown reported receipts by tax head and December exhibited year-on-year increases in net GST and excise, which the government attributed to fiscal measures and strengthened tax administration.
January 2, 2025
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Currency depreciation: rupee weakened on importer dollar demand and foreign fund outflows, keeping pressure on the exchange rate.
Rupee depreciation was driven by strong importer dollar demand and sustained foreign institutional investor outflows, amplified by global dollar strength and thin holiday liquidity; analysts noted potential Reserve Bank of India intervention could support the rupee and suggested a near term trading range.
January 2, 2025
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GST relief may deepen insurance penetration by reducing premiums and prompting product innovation and broader regulatory adjustments.
Non-life insurers anticipate strong premium growth led by product innovation across non-motor and non-health lines and improved affordability through regulatory measures; GST relief on health insurance and revision of motor third-party rates are highlighted as critical to raising penetration, while Digital Public Infrastructure and schemes like Bima Sugam, Bima Vistaar and Bima Vahaks are recommended to reduce costs and expand reach.
January 2, 2025
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Currency depreciation pressures rupee as dollar strength and foreign outflows tighten liquidity and raise market premiums.
Rupee depreciation against the US dollar was driven by broad dollar strength, higher US bond yields and persistent foreign fund outflows, prompting market caution on liquidity and near-term premium levels while domestic equity gains and GST revenue growth provided countervailing indicators.

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