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The Latest Breaking News from GST

India to release first-ever monthly index tracking services sector output from July 14

India is launching a new Index of Services Production (ISP) to track the services sector's growth, mirroring the Index of Industrial Production. This crucial macroeconomic indicator, with 2024-25 as the base year, will be released monthly with a 60-day lag, starting with April 2026 data on July 14. The ISP…

The Economic Times

GST wins India Inc's vote, but businesses seek faster refunds and smarter reforms: Deloitte

India's GST regime has achieved widespread acceptance, with digitisation and rate adjustments hailed as major successes. Businesses now prioritize clearer interpretations, uniform audits, and faster refunds to ease working capital. The corporate sector is eager for AI-powered compliance tools and a unified taxpayer dashboard, signaling a push for more advanced,…

The Economic Times

GST@9: Building a more seamless, certainty-driven input tax credit framework

A more balanced and predictable approach can help safeguard revenue, reduce disputes, enhance taxpayer confidence, and create a more efficient GST ecosystem for businesses.

The Economic Times

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12 years of PM Modi: Bold reforms, decisive decisions and political turning points

After 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered India's economic landscape, from the sweeping GST to the bold move of demonetisation. His tenure has also witnessed pivotal constitutional shifts, notably the revocation of Article 370, which…

The Economic Times

Income tax burden reduction over 12 years reflects 'Ramrajya', government says

A government booklet marks Narendra Modi's tenure as India's longest-serving Prime Minister. It highlights tax reductions and reforms like GST and Digital India. These initiatives have built public trust and supported India's journey towards becoming a USD 5-trillion economy. Increased taxpayer confidence fuels investment in national development.

The Economic Times

SC verdict on GST leaves real-money gaming firms staring at a Rs 92,000-crore question

Wednesday’s ruling, backing tax demands on past transactions, could have major financial implications for the sector. A lawyer representing one of the large gaming companies involved in the dispute said platforms will now have an opportunity to individually respond to the GST department’s show-cause notices.

The Economic Times

Businesses can digitally record 'goods delivered' on e-way bill portal: GSTN

GST registered businesses can now digitally close e-way bills upon delivery completion. This new voluntary feature on the GST portal strengthens transaction trails and accountability. Previously, e-way bills tracked goods movement but lacked a formal completion record. This move aims to improve data integrity and traceability. Experts suggest this could…

The Economic Times

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Why Kuehne+Nagel is betting big on India’s supply chain ambitions

The global logistics major says it will double its warehousing capacity in India by 2030, as it sees the country emerging as one of the world’s key supply chain hubs.

The Economic Times

Missed GST return filing? Your GST registration could be suspended; check the legal position

GST registration can now be suspended for even minor delays in filing returns, a shift from the previous six-month rule. Experts highlight this change, enacted in 2022, is causing business disruptions. While authorities have more flexibility, concerns are raised about arbitrary actions and the need for clearer guidelines and appeal…

The Economic Times

Michael Johnson to give back alleged $500,000 ‘secret’ payment from Grand Slam Track

Johnson is said to have advanced ‘millions’ while Grand Slam Track confirmed the former Olympic champion will return a disputed $500k ‘reimbursement’

The Independent UK

Michael Johnson was the king of track and field. Now Grand Slam Track’s collapse puts his reputation at stake

Fresh allegations that Johnson paid himself half a million dollars before paying creditors – claims which GST strongly denies – mark the latest ugly turn in a saga that threatens to destroy his integrity

The Independent UK

BBC Sport has no plans to use Michael Johnson on athletics coverage this year after Grand Slam Track disaster

Johnson, a regular studio analyst on the BBC’s athletics programmes, is facing legal action from creditors following the collapse of his Grand Slam Track venture

The Independent UK

Michael Johnson accused of paying himself $500k amid collapse of his Grand Slam Track project

IN FULL

The Independent UK

Michael Johnson accused of ‘secretly’ paying himself $500,000 as Grand Slam Track collapsed

A group of unsecured creditors are taking legal action against the athlete’s disastrous Grand Slam Track project

The Independent UK

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The Guardian - UK

Michael Johnson accused of taking $500,000 from debt-ridden track league

Michael Johnson has been accused of paying himself $500,000 (£372,000) just eight days before his Grand Slam Track project collapsed before the final event in Los Angeles

The Independent UK

World Athletics: 'Unconscionable' for bankrupt Grand Slam Track to look ahead before paying bills

Track and field’s international federation says it will only support future events held by the bankrupt Grand Slam Track league once its debts from the 2025 season are settled

The Independent UK

The ‘crazy’ impact of Grand Slam Track bankruptcy on emerging US star

Grand Slam Track, an ambitious athletics league spearheaded by Michael Johnson, was declared bankrupt in late 2025

The Independent UK

Michael Johnson’s Grand Slam Track owes Josh Kerr $218,000, court papers reveal

Athletics stars including Kerr, Gabby Thomas and Sydney McLaughlin-Levrone are among Grand Slam Track’s top 20 creditors

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The Guardian - UK

Grand Slam Track denies Michael Johnson earned $2m from scrapped series

Michael Johnson’s GST said it was ‘categorically false’ he had pocketed $2m from the series while his athletes were unpaid – and that he was facing losses

Newslaundry

Full pages for GST cheer, crores for newspapers: Tracking a fortnight of Modi-centric ads

A fortnight after the GST Council announced sweeping rate cuts on essentials and consumer durables, India’s top newspapers were awash with “thank you” notes. Full-page spreads and jackets from companies and trade associations crowded the front and back pages, while several ads carried oversized portraits of Prime Minister Narendra Modi…

Newslaundry

Dhanyavaad Modiji, for keeping independent journalism premium with 18% GST

Days after the GST cuts, India’s corporate bigwigs rushed to say thank you.

The Guardian - AU

If the economics of broadening or lifting Australia’s GST are challenging, the politics are horrendous

Labor is fundamentally opposed to changing the tax on consumption on the basis it hurts poorer Australians. And the worry about fairness is real

The Conversation

Is there any hope for a fairer carve-up of the GST between the states?

When the Western Australian state government handed down its state budget on Thursday, it showed a balance sheet solidly in the black with a A$2.5 billion surplus. But, as it has for seven years, the state has received an outsized boost to its coffers from the federal government.

The Guardian - AU

Victoria state budget 2025: treasurer uses public service cuts and GST windfall to fund cash splash

Labor’s 2025-26 budget includes more money for health, education and $2.3bn in cost-of-living measures

Dynamite News

Kerala: Three decomposed bodies found at Customs quarters

The deceased have been identified as Manish Vijay, Additional Commissioner of GST, his mother Shakuntala, and his sister Shalini. They were natives of Jharkhand. Read further on Dynamite News:

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