GST

UltraTech Cement, India’s largest cement manufacturer, has received a goods and services tax (GST) demand notice amounting to Rs. 782.2 crore, bringing renewed attention to tax compliance and litigation risks within the manufacturing sector. The notice, issued by tax authorities, relates to alleged discrepancies in tax treatment over a specified period. While the company has stated that it is reviewing the matter and considering appropriate legal options, the development underscores the scale of regulatory scrutiny facing large corporates.

The implementation of Goods and Services Tax (GST) in India has had a notable impact on retail credit growth, according to a recent report by TransUnion CIBIL. Simplified taxation, enhanced compliance, and increased formalization of the economy have encouraged greater participation in credit markets. Consumers are increasingly leveraging personal loans, credit cards, and retail financing options, reflecting growing confidence in structured financial systems.

India’s fertiliser industry is pressing the government for urgent reforms in subsidy disbursement and GST structure ahead of the upcoming policy cycle. Companies argue that delayed subsidy payments and high tax burdens are straining liquidity and increasing operational costs at a time when the sector is critical to ensuring food security. Industry leaders are lobbying for faster reimbursement mechanisms, lower GST rates on key inputs, and a more streamlined system that reduces administrative bottlenecks.

India’s tax authorities have intensified enforcement under the Goods and Services Tax (GST) regime, uncovering GST evasion valued at Rs 1.6 lakh crore over the past three years. Enhanced data analytics, strengthened inter-agency coordination, and targeted compliance checks have significantly improved the system’s ability to identify fraudulent input tax credit claims, shell companies, and under-reported transactions. As authorities tighten oversight, businesses are expected to adopt more transparent tax practices.

Bajaj Auto has received a tax demand of Rs. 34.74 crore from the GST authorities following a departmental review of input tax credit claims and related documentation. The company has stated that the demand includes tax, interest, and penalties, and it intends to challenge the order through appropriate legal channels. This development comes at a time when several automotive firms are facing heightened scrutiny under indirect tax provisions. The issue underscores the broader regulatory push to ensure compliance across the manufacturing sector.

Diesel sales in India recorded a significant uptick in November, driven by heightened festive-season demand and strategic consumption ahead of Goods and Services Tax (GST) changes. Industry analysts note that increased logistics, transportation activities, and commercial usage contributed to the surge, reflecting broader economic momentum. The spike also highlights diesel’s critical role in supporting supply chains and industrial operations.

India’s Goods and Services Tax (GST) collection softened to Rs 1.70 lakh crore in November, reflecting a moderate easing in economic activity after several months of robust momentum. While the figure remains historically strong, it marks a slowdown from earlier highs, indicating a possible normalization in consumption and trade flows. Analysts attribute the dip to cyclical post-festive cooling, continued pressure in select manufacturing segments, and uneven recovery trends across states.

The Union government has introduced the Manipur GST Bill in Parliament, seeking to regularize the state’s taxation framework and ensure continuity in revenue collection despite the administrative challenges arising from ongoing unrest. Presented by Finance Minister Nirmala Sitharaman, the legislation aims to empower the Centre to levy and administer Goods and Services Tax in Manipur until a stable governance structure resumes full functionality.

Torrent Pharmaceuticals has been issued a Goods and Services Tax demand of Rs. 41 crore, intensifying regulatory pressures at a time when compliance scrutiny across India’s pharmaceutical sector is rising. The notice, which includes tax, interest, and penalties, underscores the growing assertiveness of tax authorities as they tighten enforcement under the GST framework. While Torrent Pharma has stated its intention to contest the claim, the development has stirred conversations around the industry’s complex tax structures and operational exposure.

India’s fast-moving consumer goods (FMCG) industry is experiencing a measurable cooling in sales momentum following the recent restructuring of the Goods and Services Tax (GST) slabs, according to fresh insights from NielsenIQ. The sector, which had demonstrated resilience despite inflationary pressure and uneven rural recovery, is now adjusting to shifting price dynamics and consumer sentiment. Retailers and manufacturers are witnessing slower off-take across several essential categories as buyers recalibrate spending.