Gross GST collections rose 6.2 per cent to over Rs 1.93 lakh crore in January, mainly on higher revenues from imports, ...

An additional excise duty on cigarettes and tobacco products, and a health cess on pan masala, will come into effect from February 1.

Starting September 22, 2025, the new goods and services tax (GST) rates have taken effect, which means GST-registered taxpayers must update their software and systems to accommodate the new rates.

The government confirmed that the growth was supported by strong domestic activity and healthy growth in import revenues.

One expert says the move is an effective way to transfer purchasing power back to households in the lower-income bracket.