LatestGoods & Service Tax (GST) 5 July 2026
GST Updates
Assam registers 15% GST collection growth in June, beating national average, while Uttar Pradesh sees a 19% increase in GST collections. The biogas sector requires tax cuts and assured demand to scale, and companies challenge GST on free corporate guarantees in Gujarat High Court.
Assam has registered a 15% growth in GST collection in June, outpacing the national average. Similarly, Uttar Pradesh has seen a 19% increase in GST collections.
- The biogas sector is looking for tax cuts and assured demand to scale, as per a CII report.
- Companies are challenging GST on free corporate guarantees in the Gujarat High Court.
- The need and importance of GST have been highlighted in a recent report, emphasizing its role in the indirect taxation system.
- Other updates include changes in ITR filing, GST registration cancellation, and presumptive taxation.
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