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GST Council Set to Consider Next-Gen Process Reforms on October 7

By Uniquetimesorg October 5, 2026 0

Union Finance Minister Nirmala Sitharaman has announced that the next phase of process reforms under Next-Gen GST will be presented before the GST Council on October 7. The proposals are aimed at simplifying GST compliance and reducing operational costs, especially for small businesses. Developed in consultation with state governments, the reforms are expected to Continue Reading

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India Seeks Review of GST on UPI Merchant Fees

By Uniquetimesorg September 25, 2026 0

The Indian government hopes the GST Council will review the 18% Goods and Services Tax imposed on merchant discount rates for UPI transactions, according to a government source. The GST Council is scheduled to meet on October 7, though it is unclear whether the issue will be discussed at that meeting. Earlier this month, India’s […]Continue Reading

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Time and Truth: Twin Supreme Court Rulings Rein in GST Notices Under Section 74

By Uniquetimesorg September 10, 2026 0

In two rulings delivered within days of each other, the Hon’ble Supreme Court has decisively addressed two recurring fault lines in GST adjudication: limitation for issuing show cause notices, and the evidentiary threshold for invoking the extended period under Section 74 of the Central Goods and Services Tax Act, 2017. In Tata Steel Ltd. v. […]Continue Reading

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India’s Gold Tariff Hike Fuels Grey Market: WGC

By Uniquetimesorg July 30, 2026 0

India’s decision to raise gold import tariffs to 15% has led to a sharp increase in unofficial gold inflows, negatively impacting organised jewellery businesses, according to the World Gold Council (WGC). The higher duty, combined with 3% GST, has created an 18% price gap that has encouraged illegal gold trading and boosted grey-market activity. The […]Continue Reading

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RBI Infuses ₹72,300 Crore Through VRR Auctions to Ease Liquidity Tightness

By Uniquetimesorg June 17, 2026 0

The Reserve Bank of India (RBI) on Wednesday injected ₹72,300 crore into the banking system through two variable rate repo (VRR) auctions to address short-term liquidity pressures caused by advance tax payments. The central bank infused ₹50,016 crore through a two-day VRR auction at a cut-off rate of 5.26 per cent, followed by another ₹22,284 […]Continue Reading

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FROM FIRST APPEAL TO SECOND APPEAL: COMPLETING THE GST DISPUTE CHAIN

By Uniquetimesorg June 12, 2026 0

By, Adv Sherry Samuel Oommen: This article is authored by Adv Sherry Samuel Oommen. He special ises in the Constitution, tax and corporate laws and has also cleared the final exams of the In stitute of Chartered Accountants of India, the Institute of Cost Accountants of India and the Institute of Company Secretaries of India. […]Continue Reading

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Hookah Must Be Taxed Separately from Restaurant Services: West Bengal AAR

By Uniquetimesorg March 3, 2026 0

The West Bengal Authority for Advance Ruling (AAR) has ruled that hookah served in restaurants cannot be treated as part of restaurant services for the purpose of Goods and Services Tax (GST). In its February 27 order, the authority held that restaurant food and hookah constitute two distinct supplies under GST law and must be […]Continue Reading

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New Tobacco Tax Regime Kicks In From February 1, Replacing GST Compensation Cess

By Uniquetimesorg January 31, 2026 0

From February 1, cigarettes, pan masala and other tobacco products will come under a new taxation framework, as the Centre replaces the GST compensation cess with additional excise duties and a health and national security cess. The move ends the nine-year-old system of 28% GST plus compensation cess, introduced with GST in 2017, and marks […]Continue Reading

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Sugar Industry Pushes GST Relief on Biofuels Amid 22% Surge in Output

By Uniquetimesorg January 16, 2026 0

India’s sugar production has risen sharply in the ongoing 2025–26 season, prompting the industry to seek tax and policy support in the upcoming Union Budget. As of January 15, all-India sugar output stood at 159.09 lakh tonnes, nearly 22% higher than a year ago, with 518 mills currently operational. Maharashtra has led the growth with […]Continue Reading

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Godrej Consumer Sees Demand Recovery After Tax-Cut Disruption

By Uniquetimesorg January 7, 2026 0

India’s Godrej Consumer Products (GOCP.NS) reported signs of improving demand in the third quarter following temporary disruptions caused by government tax cuts. The company, known for its Cinthol soaps and Goodknight mosquito repellent, expects near double-digit revenue and core earnings growth for the quarter ending December 31. Godrej posted a 4% revenue increase Continue Reading