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LatestGoods & Service Tax (GST) 8 August 2026

Tax Updates

Several states are implementing tax changes, including possible property tax increases due to inflation and mandates, while others are discussing AI-driven measures to boost revenues and prevent tax evasion. Telangana is using AI to plug tax leakages and improve tax administration, and some states are offering tax-free sales on eligible purchases. Additionally, counterfeit luxury goods valued at $3.7 million were seized at Bush Airport, highlighting the issue of poor-quality products costing U.S. businesses billions of dollars a year.

Recent tax updates include a possible property tax increase in Washington County due to inflation and mandates. Other states are discussing AI-driven measures to boost revenues, such as Telangana, which is using AI to plug tax leakages and improve tax administration. Some states are also offering tax-free sales on eligible purchases, such as school supplies. Furthermore, counterfeit luxury goods valued at $3.7 million were seized at Bush Airport, highlighting the issue of poor-quality products costing U.S. businesses billions of dollars a year. The Comptroller and Auditor General has also flagged Rs 3,071-cr GST irregularities in Delhi, pointing to revenue risks running into thousands of crores and avoidable expenditures.

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