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Goods and Services Tax authorities

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Last Updated: Just Now
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National Governance & Policy Just now (04:47 PM IST)

Chittoor to Receive ₹1,529.69 Crore Under Rayalaseema Horticulture Development Plan

Chittoor district will receive ₹1,529.69 crore under the Rayalaseema Horticulture Development Plan, a large-scale intervention aimed at strengthening horticulture through irrigation, infrastructure, and rural development. Officials say the programme is designed to build a complete value chain from production to marketing and exports, with the stated goal of improving farmer incomes and making horticulture more resilient and market-linked.

By RDU Global Wire6 min read
Macro Economy & Fiscal Policy15 Oct 2026, 10:12 AM IST

India’s WPI Inflation Jumps to 11.39% in September as Food, Fuel and Manufactured Goods Cost More

India’s wholesale price inflation accelerated sharply to 11.39% in September, driven by broad-based increases in food, fuel and manufactured products, underscoring persistent cost pressures across the economy. The reading reflects an upward trend that has persisted through the fiscal year, with global energy disruptions and supply-chain strains adding to domestic price momentum.

5 min readRead →
National Governance & Policy12 Oct 2026, 02:42 AM IST

GST Council Moves to Rationalise E-Way Bill Rules to Ease Goods Movement

The GST Council has recommended rationalising the e-way bill framework to reduce friction in the movement of goods, a step aimed at improving logistics efficiency and lowering compliance burdens. The move also includes a specific tax treatment for supplies made by e-commerce platforms to unregistered persons through any delivery mechanism, which will attract a flat 5% rate.

5 min readRead →
National Governance & Policy11 Oct 2026, 08:31 PM IST

GST Council Moves to Rationalise E-Way Bill Rules to Keep Goods Flowing Smoothly

The GST Council has recommended rationalising e-way bill requirements in a move aimed at reducing friction in the movement of goods and improving compliance efficiency. The proposal also includes a flat 5% GST rate for supplies made by e-commerce platforms to unregistered persons through any delivery mechanism, signalling a broader effort to simplify indirect tax administration.

5 min readRead →
National Governance & Policy10 Oct 2026, 11:40 PM IST

GST Council Moves to Rationalise E-Way Bill Rules to Ease Goods Movement

The GST Council has recommended rationalising e-way bill requirements in a move aimed at reducing friction in the movement of goods across India’s supply chains. The proposal also includes a flat 5% GST rate for supplies made by e-commerce platforms to unregistered buyers through any delivery mechanism, signalling a broader effort to simplify compliance and align tax treatment with modern distribution models.

5 min readRead →
Macro Economy & Fiscal Policy10 Oct 2026, 05:11 PM IST

WTO Raises 2026 Goods Trade Forecast to 3.9% as AI Demand and Supply Chain Resilience Lift Outlook

The World Trade Organization has upgraded its 2026 forecast for global goods trade growth to 3.9%, citing stronger demand linked to the artificial intelligence boom and the durability of supply chains despite repeated shocks. Asia is expected to lead export growth, while the outlook for services has weakened as conflict in West Asia disrupts transport and travel flows.

6 min readRead →
National Governance & Policy10 Oct 2026, 04:30 PM IST

GST Council Seeks Easier E-Way Bill Rules to Keep Goods Moving Smoothly

The GST Council has recommended rationalising e-way bill requirements in a move aimed at reducing friction in the movement of goods across India’s supply chains. The proposal also includes a flat 5% tax rate for supplies made by e-commerce platforms to unregistered buyers through any delivery mechanism, signalling a broader effort to simplify compliance and improve tax clarity.

5 min readRead →
Banking, Fintech & Insurance15 Oct 2026, 01:58 PM IST

NBFC Services to Banks in Co-Lending to Attract 18% GST

Non-banking financial companies will have to charge 18% GST on the service they provide to banks in co-lending arrangements, while interest on the underlying loan will remain exempt, according to the latest tax clarification. The decision is expected to bring greater certainty to a fast-growing lending model that has expanded access to credit through bank-NBFC partnerships.

5 min readRead →
Global Markets & Equities15 Oct 2026, 04:23 AM IST

U.S. Treasury Finds Major Banks Let Politics Shape Access to Services

The U.S. Treasury Department has concluded that some of the nation’s largest banks allowed political considerations to influence who received banking services, a finding that could bolster President Donald Trump’s long-standing claim that conservatives have been unfairly targeted by financial institutions. The report adds fresh pressure on Wall Street as regulators and lawmakers intensify scrutiny of account closures, debanking practices and the role of reputational risk in bank decision-making.

5 min readRead →
Banking, Fintech & Insurance14 Oct 2026, 02:07 PM IST

NBFC Services to Banks in Co-Lending Will Attract 18% GST

India’s GST framework will levy 18% tax on the service supplied by an NBFC to a bank in co-lending arrangements, while interest on the underlying loan will remain exempt, according to the latest committee decision. The panel also moved to align valuation of the NBFC’s service with the methodology prescribed by the Reserve Bank of India, a change that could bring greater consistency to a fast-growing lending model.

5 min readRead →
National Governance & Policy14 Oct 2026, 11:41 AM IST

Former Financial Services Secretary Nagaraju Maddirala Named IL&FS Chairman and Managing Director for Two Years

Nagaraju Maddirala, the former financial services secretary, has been appointed Chairman and Managing Director of Infrastructure Leasing & Financial Services Ltd. for a two-year term, with the Ministry of Corporate Affairs confirming the move on October 12. His appointment comes as IL&FS continues to operate under a government-appointed board following the group’s earlier financial collapse and restructuring.

5 min readRead →
Banking, Fintech & Insurance14 Oct 2026, 04:07 AM IST

Citi Profit Jumps 40% as Wealth, Services and Banking Gains Offset Trading Weakness

Citigroup reported a 40% year-on-year rise in third-quarter profit, powered by stronger investment banking, services and wealth revenue even as trading and credit card earnings softened. The results underscore progress in CEO Jane Fraser’s restructuring plan, though the bank still faces uneven performance across its businesses and a more volatile market backdrop.

5 min readRead →
National Governance & Policy14 Oct 2026, 12:20 AM IST

Former Financial Services Secretary Nagaraju Maddirala Named IL&FS Chairman and Managing Director for Two Years

Nagaraju Maddirala, the former financial services secretary, has been appointed Chairman and Managing Director of IL&FS for a two-year term, the Ministry of Corporate Affairs confirmed on October 12. His appointment comes as the infrastructure financier remains under government oversight following its earlier debt crisis and restructuring process.

5 min readRead →

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