RBI holds interest rates for second time in a row

RBI holds interest rates for second time in a rowGSTDated:- 1-10-2025PTIMumbai, Oct 1 (PTI) Reserve Bank of India expectedly left its key interest rates unchanged on Wednesday as it waited for greater clarity on the impact of US tariffs as well as playout

RBI holds interest rates for second time in a row
GST
Dated:- 1-10-2025
PTI
Mumbai, Oct 1 (PTI) Reserve Bank of India expectedly left its key interest rates unchanged on Wednesday as it waited for greater clarity on the impact of US tariffs as well as playout of earlier rate cuts and recent tax reductions.
RBI Governor Sanjay Malhotra, however, signalled scope for easing in the coming months to support the economy from any possible hit from US tariffs.
The six-member monetary policy committee voted unanimously to keep the repurchase rate unchanged at 5.5 per cent and decided to continue with a “neutral” policy stance, giving it flexibility to move in either direction if needed in future.
The rate-setting panel, headed by t

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50 per cent tariff on imports from India as well as the tightening of H1-B visa norms.
The rupee, Asia's worst-performing currency this year, rose 0.1 per cent to 88.70 per dollar, while stocks traded higher.
In holding interest rates, the RBI seems to be trying to balance competing priorities: subdued inflation and growth risks from US tariffs on one side, and the rupee's slide on the other.
Malhotra said the growth outlook remains resilient, supported by domestic drivers, despite weak external demand. “It is likely to get further support from a favourable monsoon, lower inflation, monetary easing and the salubrious impact of recent GST reforms.” Growth continues to be below aspirations.
The central bank raised its growth foreca

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rvices tax (GST) cuts, he said.
Consumer price inflation came in at 2.07 per cent in August.
Malhotra also announced measures to boost credit growth amidst easing foreign exchange rules, infra financing, new universal bank licensing draft, internationalisation of rupee, easing limits for lending against shares and other financial instruments.
Overall, the policy had a strong tilt to support growth via other measures while noting that rate cuts will happen down the road.
The MPC kept its policy stance neutral, although two external members – Nagesh Kumar and Ram Singh – saw reason to shift to an accommodative stance.
Upasna Bhardwaj, Chief Economist, Kotak Mahindra Bank, said in line with expectations, the MPC has delivered a dovis

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RBI holds interest rates for second time in a row

RBI holds interest rates for second time in a rowGSTDated:- 1-10-2025PTIMumbai, Oct 1 (PTI) Reserve Bank of India expectedly left its key interest rates unchanged on Wednesday as it waited for greater clarity on the impact of US tariffs as well as playout

RBI holds interest rates for second time in a row
GST
Dated:- 1-10-2025
PTI
Mumbai, Oct 1 (PTI) Reserve Bank of India expectedly left its key interest rates unchanged on Wednesday as it waited for greater clarity on the impact of US tariffs as well as playout of earlier rate cuts and recent tax reductions.
RBI Governor Sanjay Malhotra, however, signalled scope for easing in the coming months to support the economy from any possible hit from US tariffs.
The six-member monetary policy committee voted unanimously to keep the repurchase rate unchanged at 5.5 per cent and decided to continue with a “neutral” policy stance, giving it flexibility to move in either direction if needed in future.
The rate-setting panel, headed by t

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50 per cent tariff on imports from India as well as the tightening of H1-B visa norms.
The rupee, Asia's worst-performing currency this year, rose 0.1 per cent to 88.70 per dollar, while stocks traded higher.
In holding interest rates, the RBI seems to be trying to balance competing priorities: subdued inflation and growth risks from US tariffs on one side, and the rupee's slide on the other.
Malhotra said the growth outlook remains resilient, supported by domestic drivers, despite weak external demand. “It is likely to get further support from a favourable monsoon, lower inflation, monetary easing and the salubrious impact of recent GST reforms.” Growth continues to be below aspirations.
The central bank raised its growth foreca

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rvices tax (GST) cuts, he said.
Consumer price inflation came in at 2.07 per cent in August.
Malhotra also announced measures to boost credit growth amidst easing foreign exchange rules, infra financing, new universal bank licensing draft, internationalisation of rupee, easing limits for lending against shares and other financial instruments.
Overall, the policy had a strong tilt to support growth via other measures while noting that rate cuts will happen down the road.
The MPC kept its policy stance neutral, although two external members – Nagesh Kumar and Ram Singh – saw reason to shift to an accommodative stance.
Upasna Bhardwaj, Chief Economist, Kotak Mahindra Bank, said in line with expectations, the MPC has delivered a dovis

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RBI raises FY26 GDP growth projection to 6.8 pc, lowers inflation forecast to 2.6 pc

RBI raises FY26 GDP growth projection to 6.8 pc, lowers inflation forecast to 2.6 pcGSTDated:- 1-10-2025PTIMumbai, Oct 1 (PTI) The Reserve Bank on Wednesday revised upward its growth estimates for the current fiscal year to 6.8 per cent and lowered its in

RBI raises FY26 GDP growth projection to 6.8 pc, lowers inflation forecast to 2.6 pc
GST
Dated:- 1-10-2025
PTI
Mumbai, Oct 1 (PTI) The Reserve Bank on Wednesday revised upward its growth estimates for the current fiscal year to 6.8 per cent and lowered its inflation projection to 2.6 per cent based on an above-normal monsoon and the rationalisation of GST rates.
In August, the Reserve Bank of India (RBI) projected a 6.5 per cent GDP growth rate for 2025-26, along with an inflation forecast of 3.1 per cent.
Announcing the bi-monthly monetary policy, Reserve Bank Governor Sanjay Malhotra said significant developments on the domestic front, amid a rapidly changing global economic landscape, have altered the narrative on growth-

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er cent.
Malhotra further said inflation conditions remained benign during 2025-26 so far, with actual outcomes turning out to be significantly lower than projected.
Low inflation, he said, is primarily attributed to a sharp fall in food inflation, aided by improved supply prospects and government measures to manage the supply chain effectively.
Core inflation remained largely contained with the August reading at 4.2 per cent, despite continued price pressures on precious metals.
“CPI inflation for 2025-26 is now projected at 2.6 per cent with Q2 at 1.8 per cent; Q3 at 1.8 per cent; and Q4 at 4.0 per cent,” Malhotra added. The Consumer Price Index (CPI) based inflation for the first quarter of 2026-27 is projected at 4.5 per cent. P

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India's manufacturing activity falls to 4-month low in Sep as new orders, output moderate

India’s manufacturing activity falls to 4-month low in Sep as new orders, output moderateGSTDated:- 1-10-2025PTINew Delhi, Oct 1 (PTI) India’s manufacturing sector activity eased in September, as new orders, output and input buying rose at the slowest rat

India's manufacturing activity falls to 4-month low in Sep as new orders, output moderate
GST
Dated:- 1-10-2025
PTI
New Delhi, Oct 1 (PTI) India's manufacturing sector activity eased in September, as new orders, output and input buying rose at the slowest rates in four months, while job creation retreated to a one-year low, a monthly survey said on Wednesday.
The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index moderated from 59.3 in August to 57.7 in September, pointing to the weakest improvement in the health of the sector since May, even as tax relief has boosted business optimism for the year ahead.
In the Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion, while a score

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demand from the US as a result of tariffs,” Bhandari said.
On the price front, the survey, which took place between 10 and 24 September, indicated quicker increases in input costs and selling prices. The overall rate of inflation was solid and the quickest since May, though it remained below its long-run average.
Monitored firms suggested that greater outlays on labour, raw materials and transportation prompted hikes to output prices, which were facilitated by positive demand trends. The rate of charge inflation reached a near 12-year high.
Going ahead, Indian companies continued to signal upbeat forecasts for production in the coming 12 months. Moreover, the overall level of confidence rose to a seven-month high.
“Business confiden

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Petition dismissed; petitioner directed to pursue statutory GST appeal after depositing 10% and limitation period excluded

Petition dismissed; petitioner directed to pursue statutory GST appeal after depositing 10% and limitation period excludedCase-LawsGSTHC dismissed the writ petition and relegated the petitioner to the statutory appellate remedy under the GST Act, holding

Petition dismissed; petitioner directed to pursue statutory GST appeal after depositing 10% and limitation period excluded
Case-Laws
GST
HC dismissed the writ petition and relegated the petitioner to the statutory appellate remedy under the GST Act, holding that disputed claims of fraudulent input tax credit and counter-allegations involve contested questions of fact requiring document-centric fact-finding by the competent appellate authority rather than judicial resolution in a writ ju

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Pre-arrest bail denied under Section 70 CGST for alleged fictitious firm, Rs 29.4 crore fraudulent ITC, risk of evidence tampering

Pre-arrest bail denied under Section 70 CGST for alleged fictitious firm, Rs 29.4 crore fraudulent ITC, risk of evidence tamperingCase-LawsGSTThe HC dismissed the petition and refused grant of pre-arrest bail in respect of summons issued by respondent No.

Pre-arrest bail denied under Section 70 CGST for alleged fictitious firm, Rs 29.4 crore fraudulent ITC, risk of evidence tampering
Case-Laws
GST
The HC dismissed the petition and refused grant of pre-arrest bail in respect of summons issued by respondent No.3 under section 70 of the CGST Act, concluding that the petitioner faces specific and serious allegations of operating a fictitious firm, facilitating fraudulent input tax credit of approximately Rs. 29.4 crore, preparing false e-way

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Bid rejected for failing to file latest GSTR-3B on time; delay deemed material deviation, challenge dismissed

Bid rejected for failing to file latest GSTR-3B on time; delay deemed material deviation, challenge dismissedCase-LawsGSTThe HC dismissed the writ petitions, holding that the petitioner’s failure to submit the latest GSTR-3B within the prescribed period c

Bid rejected for failing to file latest GSTR-3B on time; delay deemed material deviation, challenge dismissed
Case-Laws
GST
The HC dismissed the writ petitions, holding that the petitioner's failure to submit the latest GSTR-3B within the prescribed period constituted a material deviation rendering the bid non-responsive. The Court found no cogent explanation for the delayed filing, concluded the omission substantially affected bid validity and was inconsistent with tender conditions, a

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Appeal dismissed as time-barred for being 105 days late; Section 100(2) CGST Act's 30-day condonable period exceeded

Appeal dismissed as time-barred for being 105 days late; Section 100(2) CGST Act’s 30-day condonable period exceededCase-LawsGSTAAAR dismissed the appeal as time-barred. The Appellant filed the appeal 105 days after the last permissible date under Section

Appeal dismissed as time-barred for being 105 days late; Section 100(2) CGST Act's 30-day condonable period exceeded
Case-Laws
GST
AAAR dismissed the appeal as time-barred. The Appellant filed the appeal 105 days after the last permissible date under Section 100(2) CGST Act (including the maximum 30-day condonable period in the proviso), exceeding AAAR's jurisdiction to condone delay. AAAR found the reasons for delay insufficient and held it lacked authority to extend the statutory limi

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Dry lease of Bell 412 EP helicopter is taxable 'transfer of right to use' under HSN 9973; GST 5% Sl.17(iii)

Dry lease of Bell 412 EP helicopter is taxable ‘transfer of right to use’ under HSN 9973; GST 5% Sl.17(iii)Case-LawsGSTAAR held that the dry lease of a Bell 412 EP helicopter by the applicant to the lessee constitutes a taxable “transfer of right to use”

Dry lease of Bell 412 EP helicopter is taxable 'transfer of right to use' under HSN 9973; GST 5% Sl.17(iii)
Case-Laws
GST
AAR held that the dry lease of a Bell 412 EP helicopter by the applicant to the lessee constitutes a taxable “transfer of right to use” goods, meeting the BSNL test: delivery of the aircraft with engines, avionics, manuals and records, provision of airworthy condition and licences, and effective control passing to the lessee. The supply is classifiable under HSN 9973

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Particulate matter permits are tradable goods under HSN 4907 (4970 00 90); sales attract 12% GST and business income

Particulate matter permits are tradable goods under HSN 4907 (4970 00 90); sales attract 12% GST and business incomeCase-LawsGSTThe AAR held that particulate matter permits are tradable goods, not securities, and are classifiable under HSN Heading 4907 (r

Particulate matter permits are tradable goods under HSN 4907 (4970 00 90); sales attract 12% GST and business income
Case-Laws
GST
The AAR held that particulate matter permits are tradable goods, not securities, and are classifiable under HSN Heading 4907 (residuary code 4970 00 90). Applying ejusdem generis, the Authority rejected treating PM-permits as akin to bonds, stocks or debentures. The permits confer transferable economic benefits, have market value, are auctioned on the design

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ED attaches properties worth over Rs 15 cr in Kolkata, Howrah in GST fraud case

ED attaches properties worth over Rs 15 cr in Kolkata, Howrah in GST fraud caseGSTDated:- 30-9-2025PTIRanchi, Sep 30 (PTI) The Enforcement Directorate’s Ranchi unit has attached 10 immovable properties worth Rs 15.41 crore in Kolkata and Howrah in West Be

ED attaches properties worth over Rs 15 cr in Kolkata, Howrah in GST fraud case
GST
Dated:- 30-9-2025
PTI
Ranchi, Sep 30 (PTI) The Enforcement Directorate’s Ranchi unit has attached 10 immovable properties worth Rs 15.41 crore in Kolkata and Howrah in West Bengal in connection with a GST input tax credit fraud case, officials said.
In a statement, the ED on Tuesday evening said that the properties attached by its officials in West Bengal “belong to Amit Gupta, one of the principal masterminds of the syndicate and his aides”.
“The attachments were made under the Prevention of Money Laundering Act (PMLA), 2002. The total attachment in this case so far stands at nearly Rs 20.70 crore,” it said.
The ED officials started

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GST inspector caught taking Rs 50,000 bribe in Himachal's Una

GST inspector caught taking Rs 50,000 bribe in Himachal’s UnaGSTDated:- 30-9-2025PTIUna (HP), Sep 30 (PTI) A team of the Vigilance Bureau in Himachal Pradesh on Tuesday nabbed a GST inspector red handed while accepting a bribe of Rs 50,000 from a business

GST inspector caught taking Rs 50,000 bribe in Himachal's Una
GST
Dated:- 30-9-2025
PTI
Una (HP), Sep 30 (PTI) A team of the Vigilance Bureau in Himachal Pradesh on Tuesday nabbed a GST inspector red handed while accepting a bribe of Rs 50,000 from a businessman in Una district, officials said.
The team arrested the accused and seized the bribe money, officials said.
Vigilance Superintendent Virendra Kalia said a battery supplier in Una had filed a false return of Rs 5-6 lakhs an

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Addressing Regulatory Gaps and High GST, Rodl & Partner Paper Calls for Policy Reforms to Unlock India's $2B Pet Food Industry

Addressing Regulatory Gaps and High GST, Rodl & Partner Paper Calls for Policy Reforms to Unlock India’s $2B Pet Food IndustryGSTDated:- 30-9-2025PTINew Delhi, Delhi, India (NewsVoir) Alongside World Food India 2025, organized by the Ministry of Food Proc

Addressing Regulatory Gaps and High GST, Rodl & Partner Paper Calls for Policy Reforms to Unlock India's $2B Pet Food Industry
GST
Dated:- 30-9-2025
PTI
New Delhi, Delhi, India (NewsVoir) Alongside World Food India 2025, organized by the Ministry of Food Processing Industries (MoFPI), Rodl & Partner released a landmark paper outlining strategic pathways to strengthen India’s fast-growing pet food sector. MoFPI and EY also co-hosted a special session on “India’s Pet Food Industry: Scaling for Domestic & Global Growth” at Bharat Mandapam, Pragati Maidan.
The paper highlighted that India’s pet food market is expanding rapidly with the country’s pet population at an estimated 42.2 million in 2024, projected to surpass 100 million by 2035. In revenue terms, the industry was valued at USD 720 million in 2024 and is expected to reach USD 2 billion by 2035. While dog food accounts for over 85% of the market, cat food is the fastest-growing segment, and e-commerce has

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at World Food India brought together leading voices from across the industry, including Salil Murthy, Managing Director, Mars Petcare India; Satinder Singh, Managing Director, Royal Canin; Rinka Banerjee, Founder & CEO, Thinking Forks Consulting Pvt. Ltd; Ram Soni, Partner, Food & Agriculture, Praxis Global Alliance; and Abhishek Agarwal, Founder & CEO, Innomalous, moderated by Ms. Pallavi Anand, Business Head, Nestlé Purina Petcare – South Asia Region.
Salil Murthy, Managing Director, Mars Petcare India said, “India is home to over 35 million pets today, a number set to double within the next five to seven years. Yet, penetration of manufactured pet food remains below 10% in Indian households, compared to near-universal adoption in developed markets. Unlocking the true potential of India’s pet food sector requires three structural shifts: First, a responsible and science-aligned regulatory framework to build consumer trust and ensure transparency. Second, rationalizing the c

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™s Make in India initiative and establish the country as a key export hub for global markets, as well as reassure millions of pet parents through consistent, quality, safe, and hygienic food for cats and dogs. When policies treat pet nutrition as essential rather than optional, India will be able to close the nutrition gap and align with global best practices.” On the Day 1 of the WFI event, Ministry of Food Processing Industries highlighted the pet food sector's strategic alignment with the Make in India initiative. At the CEO roundtable, the Ministry called for a harmonized, science-backed regulatory framework that would secure nutrition and consumer trust. The discussion reinforced that regulation must serve as an enabler, supporting balanced growth and positioning India more confidently in the global pet food landscape.
About World Food India 2025 World Food India is the Ministry of Food Processing Industries’ flagship international event, serving as a premier platform for st

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Bengal’s 2025 Durga Puja economy rebounds by 10-15 pc to Rs 46,000–50,000 cr

Bengal’s 2025 Durga Puja economy rebounds by 10-15 pc to Rs 46,000–50,000 crGSTDated:- 30-9-2025PTIKolkata, Sep 30 (PTI) West Bengal’s Durga Puja economy in 2025 rebounded strongly, expanding by an estimated 10–15 per cent to touch around Rs 46,000–50,000

Bengal’s 2025 Durga Puja economy rebounds by 10-15 pc to Rs 46,000–50,000 cr
GST
Dated:- 30-9-2025
PTI
Kolkata, Sep 30 (PTI) West Bengal’s Durga Puja economy in 2025 rebounded strongly, expanding by an estimated 10–15 per cent to touch around Rs 46,000–50,000 crore after a decline last year, stakeholders said.
Buoyant corporate sponsorships, healthy footfalls in malls, rising spending on consumer goods and a positive sentiment among people are major contributors to the growth, they said.
The festival – recognised by UNESCO as an intangible cultural heritage- remains a major economic driver for Bengal, thriving retail, hospitality, transport and handicraft sectors, and it is often believed that business activities surrounding the Durga Puja contribute at least a third of the state’s GDP.
State Finance Minister Chandrima Bhattacharya told PTI that Bengal’s Puja economy will definitely “see strong growth this year”.
“This year, the puja economy will definit

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sponsorship market was “very good,” with major clubs raising rates.
“The average hike was around 15 per cent. Several big puja committees also raised their rates, but they are more cautious on budgets than last year,” he said.
This year, analysts and industry insiders estimated that the “overall puja market would be at Rs 46,000–50,000 crore, marking a turnaround with corporate houses returning to offer sponsorships, malls posting healthy footfalls and discretionary spending on consumer goods rising sharply”.
In 2024, Bengal’s Puja economy was estimated at around Rs 42,000 crore, contracting by 20–30 per cent due to inflation, muted corporate spending and weak sentiment.
The rape and murder of a doctor at RG Kar hospital and widespread agitations cast a shadow on the festive spirit last year, and businesses were adversely impacted.
Notably, a 2019 British Council report had pegged the Puja-linked creative industries in Bengal at Rs 32,377 crore.
This year, however,

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fter the GST rationalisation grew 23–25 per cent year-on-year—a four to five-fold jump in growth compared with last year’s muted start.
Premium smartphones and TVs led the surge, with loyalty members driving record demand, it said.
But beneath the buoyant figures lies a sharp divide—while organised retail, automobiles and corporate advertising thrived, hawkers and small traders said the season was subdued due to a shift in spending towards e-commerce platforms.
The National Hawkers Federation said the season was “very bad,” similar to the downturn during the Covid crisis.
“Online businesses have eaten 40 per cent of hawkers’ income. Even small shopkeepers have suffered badly. A single day of rain in Kolkata ahead of Durga puja made it worse,” federation president Saktiman Ghosh told PTI.
The city faced unprecedented rain in a single day, which caused a fall in revenue for small businesses.
Despite the overall rise in consumer demand, hawkers and small traders sa

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Petitioner allowed to file appeal under Section 107 CGST with pre-deposit by 15 November 2025; appeal heard on merits

Petitioner allowed to file appeal under Section 107 CGST with pre-deposit by 15 November 2025; appeal heard on meritsCase-LawsGSTThe HC permitted the Petitioner to refrain from pressing its challenge to the impugned notification and authorised the Petitio

Petitioner allowed to file appeal under Section 107 CGST with pre-deposit by 15 November 2025; appeal heard on merits
Case-Laws
GST
The HC permitted the Petitioner to refrain from pressing its challenge to the impugned notification and authorised the Petitioner to institute an appeal under Section 107 of the CGST Act. The Petitioner is granted time until 15 November 2025 to file the appeal with the requisite pre-deposit. If filed within the stipulated period, the appeal shall be enterta

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Order set aside and matter remanded over failure to prove foreign exchange realization; FIRCs may be periodic evidence

Order set aside and matter remanded over failure to prove foreign exchange realization; FIRCs may be periodic evidenceCase-LawsGSTThe HC set aside the impugned order dated 31 January 2025 and allowed the petition by way of remand. The court addressed an a

Order set aside and matter remanded over failure to prove foreign exchange realization; FIRCs may be periodic evidence
Case-Laws
GST
The HC set aside the impugned order dated 31 January 2025 and allowed the petition by way of remand. The court addressed an appeal concerning invocation of the extended period of limitation and prior reversal of input tax credit appropriation, noting the Revenue's failure to produce documentary proof of foreign exchange realization such as BRCs or FIRCs. T

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Writ dismissed as adjudication order became final under Section 107 CGST; delay unexplained, alleged fraudulent ITC claim upheld

Writ dismissed as adjudication order became final under Section 107 CGST; delay unexplained, alleged fraudulent ITC claim upheldCase-LawsGSTThe HC dismissed the writ petition, holding the impugned adjudicatory order dated 27 January 2025 has become final

Writ dismissed as adjudication order became final under Section 107 CGST; delay unexplained, alleged fraudulent ITC claim upheld
Case-Laws
GST
The HC dismissed the writ petition, holding the impugned adjudicatory order dated 27 January 2025 has become final due to the lapse of the statutory appeal period under Section 107 CGST; no sufficient explanation justified the delay in prosecuting the appeal. The court found no gross breach of natural justice: the Adjudicating Authority considere

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Adjudicatory process set aside for lack of hearing date in SCN; remand refused; company allowed to pursue statutory appeal

Adjudicatory process set aside for lack of hearing date in SCN; remand refused; company allowed to pursue statutory appealCase-LawsGSTThe HC held that the adjudicatory process violated principles of natural justice because no date for personal hearing was

Adjudicatory process set aside for lack of hearing date in SCN; remand refused; company allowed to pursue statutory appeal
Case-Laws
GST
The HC held that the adjudicatory process violated principles of natural justice because no date for personal hearing was specified in the SCN and the petitioner company was not afforded an opportunity to be heard on the merits; however, the court found the CGST Department not at fault insofar as notices and the impugned order were uploaded on the GST

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Remand after appeal dismissed without notice for alleged 10% pre-deposit shortfall; party must get chance to cure

Remand after appeal dismissed without notice for alleged 10% pre-deposit shortfall; party must get chance to cureCase-LawsGSTHC set aside the impugned appellate rejection and allowed the petition by way of remand. The appellate order had dismissed the App

Remand after appeal dismissed without notice for alleged 10% pre-deposit shortfall; party must get chance to cure
Case-Laws
GST
HC set aside the impugned appellate rejection and allowed the petition by way of remand. The appellate order had dismissed the Appeal for non-compliance with the mandatory 10% pre-deposit requirement based on an alleged shortfall (required ~Rs.12,76,000; deposited Rs.8.62 lakhs) without prior notice or an opportunity to remedy the deficit, thereby infringing pr

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Revisional order set aside due to invalid service of July 1 show-cause notice; respondent may reissue notice and afford hearing

Revisional order set aside due to invalid service of July 1 show-cause notice; respondent may reissue notice and afford hearingCase-LawsGSTThe HC allowed the petition, holding that the revisional order dated 22 July 2024 is vitiated by want of valid servi

Revisional order set aside due to invalid service of July 1 show-cause notice; respondent may reissue notice and afford hearing
Case-Laws
GST
The HC allowed the petition, holding that the revisional order dated 22 July 2024 is vitiated by want of valid service of the show-cause notice dated 1 July 2024 and by a consequent breach of the principles of natural justice; accordingly, the impugned revisional order is set aside. The court confined its decision to the procedural defect and perm

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Punjab suffered 1.11 lakh cr loss after GST implementation, says FM Cheema

Punjab suffered 1.11 lakh cr loss after GST implementation, says FM CheemaGSTDated:- 29-9-2025PTIChandigarh, Sep 29 (PTI) Punjab incurred a loss of Rs 1.11 lakh crore in the past eight years following the implementation of Goods and Services Tax (GST), Fi

Punjab suffered 1.11 lakh cr loss after GST implementation, says FM Cheema
GST
Dated:- 29-9-2025
PTI
Chandigarh, Sep 29 (PTI) Punjab incurred a loss of Rs 1.11 lakh crore in the past eight years following the implementation of Goods and Services Tax (GST), Finance Minister Harpal Singh Cheema said on Monday.
Cheema was speaking in the House on the concluding day of the state Assembly session on the Punjab Goods and Services Tax (Amendment) Bill, 2025.
Highlighting the adverse impact on Punjab, Cheema said the state's pre-GST revenue neutral rate was 18.3 per cent, significantly higher than the country's average rate of 14 per cent.
Following GST implementation, Punjab incurred a loss of 1.11 lakh crore over eight years, whil

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e claimed.
Cheema accused the BJP-led Centre of “systematically undermining” the Constitution, citing policies like 'One Nation One Tax' and 'One Nation One Election' as “destructive” to the federal structure.
He also addressed concerns raised by Leader of the Opposition Pratap Singh Bajwa regarding the GST system, referring to an article by former Union Finance Minister P Chidambaram.
Cheema recalled that the proposal for GST was originally brought forward by Chidambaram himself in 2006, but was not implemented by the then UPA government due to opposition.
He said the BJP-led NDA government later advanced the concept on the principle of 'One-Nation One-Tax,' which the then Punjab Finance Minister, Manpreet Singh Badal, had agreed to

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(Punjab Amendment) Bill, 2025, aimed to make the sale of spurious seeds a non-bailable offence.
To streamline the development works in cities, the House passed the Punjab Town Improvement (Amendment) Bill, 2025.
Presenting the bill, the Local Government Minister, Dr Ravjot Singh, said the motive of this bill was to enable the urban local bodies of the state to utilise funds available with the Improvement Trusts.
The minister said the Bill aimed at upgrading municipal infrastructure and improving management of civic services for residents of municipal towns in the State through optimal utilisation of resources of Improvement Trusts.
Besides, other bills which have been passed were the Punjab Goods and Services Tax (Amendment) Bill,

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PM Modi slams ‘bayan bahadur’ Oppn, says household savings rose under BJP’s good governance

PM Modi slams ‘bayan bahadur’ Oppn, says household savings rose under BJP’s good governanceGSTDated:- 29-9-2025PTINew Delhi, Sep 29 (PTI) Dismissing the Opposition’s criticism of his government’s GST measures as lies of “bayan bahadur”, Prime Minister Nar

PM Modi slams ‘bayan bahadur’ Oppn, says household savings rose under BJP’s good governance
GST
Dated:- 29-9-2025
PTI
New Delhi, Sep 29 (PTI) Dismissing the Opposition’s criticism of his government’s GST measures as lies of “bayan bahadur”, Prime Minister Narendra Modi said on Monday that the BJP-NDA ushered in a “new model of good governance” and a family will now save nearly Rs 20,000 on its annual household expenditure of Rs 1 lakh compared to the UPA period.
Speaking at the inauguration of Delhi BJP headquarters here, Modi asked party workers to ensure that the benefits of next-generation GST reforms reach people, especially in opposition-ruled states, asserting that the decision, along with the rise in Income Tax exemption, will save citizens Rs 2.5 lakh crore every year.
He accused the Congress government in Himachal Pradesh of indulging in “loot” by hiking the levy on cement soon after GST relief brought its price down, as he hit back at the

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“Our governments focused on delivery and increasing the savings of common people,” he said, noting that the Income Tax exemption limit was only Rs 2,00,000 during the UPA rule, while it is Rs 12,00,000 now.
Asking BJP workers to reach out to customers as well as traders for promoting swadeshi, Modi appealed for reducing the country’s dependence on foreign goods.
“The less our dependence on foreign products is, the better it will be,” he said, reiterating a point the prime minister has been especially vocal about since the US imposed a high tariff of 50 per cent on Indian goods.
“We have to adopt swadeshi to make India self-reliant,” he said, calling for making it a movement across the country.
The BJP is in government not for “satta” (power) but 'seva' (service), and its offices keep alive this sentiment, Modi said after inaugurating the office and asked party members to ensure that the new building is a place where people’s grievances are heard and addressed.
BJP

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the Singapore airport or heads of different governments celebrating the festival of lights, and added a similar spirit of joy will overwhelm people in different regions of India when they see their festivals being celebrated in Delhi.
He said the Delhi government, headed by Chief Minister Rekha Gupta, has been working hard to boost development and expand various pro-people services in the city. He said the party members should work in coordination to ensure that it becomes one of the best capitals in the world.
Making a strong pitch for promoting swadeshi goods, Modi said BJP members must ensure that there is a board on every shop with 'Garv se kaho ye swadeshi hai' written on it.
In his address, Modi said the BJP's relationship with Delhi is based on sentiments and trust. He said that since the Jana Sangh days, the party has worked for the city.
“The Bharatiya Janata Party has completed 45 years since its establishment. Atal Ji, Advani Ji, Nanaji Deshmukh, Rajmata Vijayaraje S

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PM Modi slams ‘bayan bahadur’ Oppn, says household savings rose under BJP’s good governance

PM Modi slams ‘bayan bahadur’ Oppn, says household savings rose under BJP’s good governanceGSTDated:- 29-9-2025PTINew Delhi, Sep 29 (PTI) Dismissing the Opposition’s criticism of his government’s GST measures as lies of “bayan bahadur”, Prime Minister Nar

PM Modi slams ‘bayan bahadur’ Oppn, says household savings rose under BJP’s good governance
GST
Dated:- 29-9-2025
PTI
New Delhi, Sep 29 (PTI) Dismissing the Opposition’s criticism of his government’s GST measures as lies of “bayan bahadur”, Prime Minister Narendra Modi said on Monday that the BJP-NDA ushered in a “new model of good governance” and a family will now save nearly Rs 20,000 on its annual household expenditure of Rs 1 lakh compared to the UPA period.
Speaking at the inauguration of Delhi BJP headquarters here, Modi asked party workers to ensure that the benefits of next-generation GST reforms reach people, especially in opposition-ruled states, asserting that the decision, along with the rise in Income Tax exemption, will save citizens Rs 2.5 lakh crore every year.
He accused the Congress government in Himachal Pradesh of indulging in “loot” by hiking the levy on cement soon after GST relief brought its price down, as he hit back at the Opposition for the cr

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Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

d on delivery and increasing the savings of common people,” he said, noting that the Income Tax exemption limit was only Rs 2,00,000 during the UPA rule, while it is Rs 12,00,000 now.
Asking BJP workers to reach out to customers as well as traders for promoting swadeshi, Modi appealed for reducing the countryÂ’s dependence on foreign goods.
“The less our dependence on foreign products is, the better it will be,” he said, reiterating a point the prime minister has been especially vocal about since the US imposed a high tariff of 50 per cent on Indian goods.
“We have to adopt swadeshi to make India self-reliant,” he said, calling for making it a movement across the country.
The BJP is in government not for “satta” (power) but 'seva' (service), and its offices keep alive this sentiment, Modi said after inaugurating the office and asked party members to ensure that the new building is a place where peopleÂ’s grievances are heard and addressed.
BJP offices are no less than temples for

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vernments celebrating the festival of lights, and added a similar spirit of joy will overwhelm people in different regions of India when they see their festivals being celebrated in Delhi.
He said the Delhi government, headed by Chief Minister Rekha Gupta, has been working hard to boost development and expand various pro-people services in the city. He said the party members should work in coordination to ensure that it becomes one of the best capitals in the world.
Making a strong pitch for promoting swadeshi goods, Modi said BJP members must ensure that there is a board on every shop with 'Garv se kaho ye swadeshi hai' written on it.
In his address, Modi said the BJP's relationship with Delhi is based on sentiments and trust. He said that since the Jana Sangh days, the party has worked for the city.
“The Bharatiya Janata Party has completed 45 years since its establishment. Atal Ji, Advani Ji, Nanaji Deshmukh, Rajmata Vijayaraje Scindia Ji, Murli Manohar Joshi Ji… It is wit

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PM Modi slams ‘bayan bahadur’ Oppn, says household savings rose under BJP’s good governance

PM Modi slams ‘bayan bahadur’ Oppn, says household savings rose under BJP’s good governanceGSTDated:- 29-9-2025PTINew Delhi, Sep 29 (PTI) Dismissing the Opposition’s criticism of his government’s GST measures as lies of “bayan bahadur”, Prime Minister Nar

PM Modi slams ‘bayan bahadur’ Oppn, says household savings rose under BJP’s good governance
GST
Dated:- 29-9-2025
PTI
New Delhi, Sep 29 (PTI) Dismissing the Opposition’s criticism of his government’s GST measures as lies of “bayan bahadur”, Prime Minister Narendra Modi said on Monday that the BJP-NDA ushered in a “new model of good governance” and a family will now save nearly Rs 20,000 on its annual household expenditure of Rs 1 lakh compared to the UPA period.
Speaking at the inauguration of Delhi BJP headquarters here, Modi asked party workers to ensure that the benefits of next-generation GST reforms reach people, especially in opposition-ruled states, asserting that the decision, along with the rise in Income Tax exemption, will save citizens Rs 2.5 lakh crore every year.
He accused the Congress government in Himachal Pradesh of indulging in “loot” by hiking the levy on cement soon after GST relief brought its price down, as he hit back at the Opposition for the cr

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

d on delivery and increasing the savings of common people,” he said, noting that the Income Tax exemption limit was only Rs 2,00,000 during the UPA rule, while it is Rs 12,00,000 now.
Asking BJP workers to reach out to customers as well as traders for promoting swadeshi, Modi appealed for reducing the countryÂ’s dependence on foreign goods.
“The less our dependence on foreign products is, the better it will be,” he said, reiterating a point the prime minister has been especially vocal about since the US imposed a high tariff of 50 per cent on Indian goods.
“We have to adopt swadeshi to make India self-reliant,” he said, calling for making it a movement across the country.
The BJP is in government not for “satta” (power) but 'seva' (service), and its offices keep alive this sentiment, Modi said after inaugurating the office and asked party members to ensure that the new building is a place where peopleÂ’s grievances are heard and addressed.
BJP offices are no less than temples for

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

vernments celebrating the festival of lights, and added a similar spirit of joy will overwhelm people in different regions of India when they see their festivals being celebrated in Delhi.
He said the Delhi government, headed by Chief Minister Rekha Gupta, has been working hard to boost development and expand various pro-people services in the city. He said the party members should work in coordination to ensure that it becomes one of the best capitals in the world.
Making a strong pitch for promoting swadeshi goods, Modi said BJP members must ensure that there is a board on every shop with 'Garv se kaho ye swadeshi hai' written on it.
In his address, Modi said the BJP's relationship with Delhi is based on sentiments and trust. He said that since the Jana Sangh days, the party has worked for the city.
“The Bharatiya Janata Party has completed 45 years since its establishment. Atal Ji, Advani Ji, Nanaji Deshmukh, Rajmata Vijayaraje Scindia Ji, Murli Manohar Joshi Ji… It is wit

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Ensure benefits of next generation GST reforms reach common citizens: PM Modi to BJP workers

Ensure benefits of next generation GST reforms reach common citizens: PM Modi to BJP workersGSTDated:- 29-9-2025PTINew Delhi, Sep 29 (PTI) Prime Minister Narendra Modi on Monday said that the BJP-NDA governments have given a “new model of good governance”

Ensure benefits of next generation GST reforms reach common citizens: PM Modi to BJP workers
GST
Dated:- 29-9-2025
PTI
New Delhi, Sep 29 (PTI) Prime Minister Narendra Modi on Monday said that the BJP-NDA governments have given a “new model of good governance” in the country and urged party workers to ensure that the benefits of the next generation GST reforms reach the common citizens.
The BJP is in government not for “satta” (power) but 'seva' (service), and its offices keep alive this sentiment, Modi said after inaugurating the Delhi BJP office.
“The BJP-NDA governments have given a new model of 'sushasan' in the country. We are moving forward with the mantra of 'vikas bhi, virasat bhi'. We prioritised the security of the

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-6,000. There has been a savings of 20,000 as compared with 2014. If we include income tax and GST savings, then every year people would save Rs 2.5 lakh crore,” Modi said.
He urged BJP workers to ensure that the benefits of the next generation GST reforms reach the common citizens by spreading awareness among people and traders.
Describing the national capital as 'mini India', PM Modi asked Delhi BJP workers to celebrate every festival observed in different parts of India.
Making a strong pitch for promoting Swadeshi goods, Modi said that workers must ensure that there is a board on every shop with 'Garv se kaho ye swadeshi hai' written on it.
The less our dependence on foreign products, the better it will be for the country, Modi

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