GST

Eternal, a prominent name in its segment, has come under regulatory scrutiny after tax authorities issued a Goods and Services Tax (GST) demand amounting to Rs 27.56 crore. The development introduces a new layer of financial and compliance pressure for the company, even as it continues to maintain a strong market presence. The demand reportedly stems from alleged discrepancies related to tax filings and input credit claims over a defined assessment period.

The government has appointed Amit Kashyap as a member of the Goods and Services Tax (GST) Appellate Tribunal, reinforcing its commitment to efficient tax dispute resolution. With extensive experience in tax law and administration, Kashyap is expected to bring technical expertise and strategic insight to the tribunal, which adjudicates appeals arising from GST assessments and compliance disputes. His appointment comes at a critical juncture, as India continues to streamline its indirect tax regime and enhance transparency.

IndiGo has been issued a Goods and Services Tax (GST) penalty amounting to Rs. 13 lakh, adding to regulatory scrutiny faced by India’s largest airline. The penalty relates to alleged discrepancies identified during tax assessments, though the financial impact on the carrier remains limited given its scale of operations. Even so, the development highlights the growing rigor of tax enforcement and the importance of robust compliance frameworks in highly regulated industries.

Punjab has reported a notable increase in Goods and Services Tax (GST) collections alongside a surge in excise revenue, reflecting a robust fiscal position and improving economic activity. The rise in GST indicates higher compliance and growing business turnover, while excise revenue gains point to increased consumption and effective tax administration. Analysts view these developments as evidence of the state’s expanding revenue base, which can support public spending, infrastructure development, and social welfare programs.

Torrent Pharmaceuticals, a leading Indian pharmaceutical company, has been levied a Rs 41 crore penalty for Goods and Services Tax (GST) non-compliance. The penalty follows a government review of tax filings and regulatory adherence, highlighting the importance of rigorous compliance in India’s heavily regulated pharmaceutical sector. Torrent Pharma, which operates across domestic and international markets, is expected to address the discrepancies promptly to avoid further legal and financial implications.

India’s Goods and Services Tax (GST) revenue climbed to Rs 1.96 lakh crore in October 2025, marking a robust 13% year-on-year increase, underscoring the resilience of domestic consumption and improved tax compliance. This performance, one of the highest monthly collections since the GST regime’s inception in 2017, reflects sustained manufacturing activity, festive season spending, and digitized compliance measures introduced by the government.

India’s apparel industry is witnessing a robust rebound, with revenue growth accelerating to 13–14% following a recent Goods and Services Tax (GST) rate cut. Industry experts attribute the surge to lower consumer prices, increased discretionary spending, and renewed demand across retail channels. Both domestic brands and international fashion retailers are benefiting from higher footfall in stores and rising online sales.

The government’s decision to reduce Goods and Services Tax (GST) rates on select goods and services is poised to provide direct relief to consumers while stimulating demand across key sectors. As part of a broader effort to balance inflation management with growth momentum, the rate cuts are expected to lower retail prices, enhance purchasing power, and support small businesses. However, the Finance Ministry has emphasized that strict price monitoring will accompany these reductions to ensure the benefits reach end consumers.

India’s electronics consumption is projected to surge past Rs. 20 lakh crore by 2030, propelled by comprehensive Goods and Services Tax (GST) reforms, rising digital adoption, and a thriving manufacturing ecosystem. The sector — a cornerstone of the country’s technology-driven growth — is witnessing robust demand across smartphones, wearables, appliances, and electronic components. Policy measures under the GST regime have streamlined taxation, improved supply chains, and enhanced domestic value addition.

Marico Ltd., a leading FMCG player, reported robust volume growth in Q2, navigating the challenges posed by Goods and Services Tax (GST) disruptions. While the transitional tax adjustments affected supply chains and pricing dynamics, the company sustained momentum through strategic distribution management and product mix optimization. Analysts highlight that Marico’s resilience underscores strong brand equity, operational efficiency, and market adaptability. The performance reflects continued consumer demand for essential FMCG products, even amidst regulatory and logistical hurdles.