GST

The Directorate General of GST Intelligence has arrested Rishi Gupta, managing director and CEO of Fino Payments Bank, in connection with an alleged Goods and Services Tax evasion case tied to online betting operations. The Hyderabad unit of the intelligence agency initiated the action following an investigation into suspected tax irregularities involving digital payment channels. Authorities are examining whether banking infrastructure was used to facilitate transactions associated with betting platforms that allegedly bypassed statutory tax obligations.

India’s Goods and Services Tax (GST) collections rose 7.9 percent year-on-year in February, underscoring steady economic activity and continued compliance improvements. The growth reflects resilient domestic consumption, stable industrial output and sustained trade flows despite global headwinds. February’s uptick adds momentum to cumulative fiscal-year collections, strengthening the government’s revenue base and supporting expenditure commitments. Analysts view the expansion as a sign of formalization gains within the economy and enhanced digital tax administration.

India’s Goods and Services Tax (GST) collections rose to Rs. 1.93 lakh crore in January, reflecting sustained economic activity and improved tax compliance. The robust inflow underscores the resilience of domestic consumption and manufacturing, even as global conditions remain uncertain. Higher revenues were supported by steady growth in both domestic transactions and imports, reinforcing confidence in the country’s indirect tax framework.

India’s two-wheeler industry may benefit significantly if tax rationalisation aligns with improving consumer demand, according to insights shared by Bajaj Auto’s leadership. The company indicated that moderating inflation and a potential reduction in the Goods and Services Tax (GST) burden could stimulate purchasing activity, particularly in price-sensitive rural and semi-urban markets. While cost pressures from commodities and logistics have weighed on margins in recent years, easing input inflation and supportive policy measures may revive discretionary spending.

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.