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Markets fall but Yes Bank CG Power and Relaxo surge on fresh triggers

Markets fall but Yes Bank CG Power and Relaxo surge on fresh triggers

Stocks closed lower on Friday as Reliance Industries, HDFC Bank, and Infosys weighed on the benchmarks. Yet a handful of names bucked the trend. Yes Bank rose on expectations of new funding, CG Power gained after launching OSAT, and Relaxo Footwear surged amid renewed optimism around GST developments.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Tata Motors October Sales Jump 26.6% Powered by Festive Demand and GST Boost

Tata Motors October Sales Jump 26.6% Powered by Festive Demand and GST Boost

Tata Motors logged a 26.6% rise in October sales, reaching 61,295 units across domestic and international markets. The company credits the upbeat figures to unusual festive demand, record performance from its SUVs and EVs, and recent GST-related reforms. It also said more than one lakh vehicles were delivered between Navratri and Diwali.

Summarised by Beize from a story on Republic on 24 Apr 2026

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46th GST Council meets Dec 31 to discuss merging 12 and 18 slabs

46th GST Council meets Dec 31 to discuss merging 12 and 18 slabs

The 46th GST Council meeting is set for Dec 31, with rate rationalisation on the agenda. India’s current four-tier structure (5, 12, 18, 28%) and separate cess on luxury and demerit items are facing calls to merge the 12% and 18% slabs and possibly move some items out of the exempt category to balance revenue impact.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Bajaj Updates Pulsar NS400Z to 350cc as KTM Triumph Move Sets Off a Race

Bajaj Updates Pulsar NS400Z to 350cc as KTM Triumph Move Sets Off a Race

Bajaj Auto has refreshed the Pulsar NS400Z with a new 349cc engine, joining KTM and Triumph’s shift toward 350cc performance bikes. The update appears driven by GST-linked pricing benefits in India. While peak power is slightly lower than before, Bajaj says the NS400Z retains its existing features and continues at the same price point.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
GST jitters spark sharp stock moves as Ola Electric slips and ITC climbs

GST jitters spark sharp stock moves as Ola Electric slips and ITC climbs

Indian markets closed volatile, with IT, energy, and auto stocks weighing sentiment. Amid GST-triggered expectations and rate-related moves, select counters such as Atul Auto, Moschip, DOMS, and ITC saw gains, while Ola Electric, Delta Corp, and Nazara ended lower. Traders remained focused on how policy signals translate into near-term demand.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
India’s festive spending boom skips airlines as car and iPhone sales surge

India’s festive spending boom skips airlines as car and iPhone sales surge

Festive season cheer is flowing to cars and consumer electronics, boosted by demand and GST cuts, with multiple categories hitting record sales. But airlines are noticeably left out as air travel demand struggles. The mismatch points to higher travel costs, pricing pressure, and shifting consumer preferences that are reshaping India’s holiday travel economy.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Mad Over Donuts battles Bombay HC over whether cookie sales deserve 18 GST

Mad Over Donuts battles Bombay HC over whether cookie sales deserve 18 GST

Mad Over Donuts is facing a fresh legal challenge after the Bombay High Court issued notice over its GST treatment, with regulators alleging the company has been charging incorrectly. The dispute raises a wider question for eateries selling packaged foods like cookies, chocolates, and bread: should these items attract 18% GST or a different tax rate?

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
SpiceJet starts job cuts as delayed salaries and unpaid dues pile up

SpiceJet starts job cuts as delayed salaries and unpaid dues pile up

SpiceJet, India’s oldest private airline, is rapidly deteriorating operationally and financially. With capacity sharply reduced, the carrier has begun furloughs and is delaying salaries for employees by up to two months or more. Unpaid dues including GST, TDS, and PF are also accumulating, deepening uncertainty for staff and stakeholders as the airline hunts for a lifeline.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
GST Council to meet next week to lock 28% levy on online gaming on face value

GST Council to meet next week to lock 28% levy on online gaming on face value

The GST Council will hold a virtual meeting on August 2 to finalize legal amendments for the 28% tax levy on online gaming, casinos, and horse racing. The maximum slab was decided on July 11 and applies to full face value. Officials say there is no change of heart, only work underway to settle technical and legal details.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
August GST collection jumps 28 percent to Rs 1 44 lakh crore for sixth straight month

August GST collection jumps 28 percent to Rs 1 44 lakh crore for sixth straight month

India’s GST mop-up rose sharply in August 2022, with gross revenues of Rs 1,43,612 crore—up 28% year-on-year, according to the Finance Ministry. The result pushed monthly GST collections past Rs 1.4 lakh crore for the sixth consecutive month, underscoring sustained momentum in tax collections despite shifting economic conditions.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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GST rate rationalisation could scrap the 12% slab soon but revenue risks remain

GST rate rationalisation could scrap the 12% slab soon but revenue risks remain

India is weighing GST rate rationalisation to simplify the current four-slab structure, with talks that may consolidate rates and even remove the 12% slab. Officials must, however, balance lower tax burdens on essentials with the need to protect revenue collection. The final design will depend on how much simplification is feasible without triggering shortfalls.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
CBIC clarifies GST on notice period payments cheque dishonour and other fees businesses cite daily

CBIC clarifies GST on notice period payments cheque dishonour and other fees businesses cite daily

CBIC has issued a circular explaining how GST applies to payments received for tolerating an act, including amounts tied to notice period non compliance, non compete fees, utility late payment charges, and cancellation charges by sectors like railways and airlines. The clarification also addresses scenarios such as cheque dishonour, aiming to reduce disputes over whether such collections fall under GSTable transactions.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Retro GST amendment clears doubt on merchant trade but triggers fresh litigation fears

Retro GST amendment clears doubt on merchant trade but triggers fresh litigation fears

A proposed retro GST amendment seeks to remove uncertainty around merchant trade, in-bond sales and high-sea sales. But the plan also fails to provide refunds for GST already collected under these categories, potentially leaving affected businesses with unanswered tax costs and setting the stage for new court battles.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
GST rate changes for textiles promise cheaper apparel and export push

GST rate changes for textiles promise cheaper apparel and export push

The government has announced GST rate rationalisation for textiles to remove distortions and strengthen exports, targeting a $350 billion industry by 2030. The move cuts GST on garments and fibres, aiming to make apparel more affordable while fixing the inverted duty structure that previously hurt manufacturers and encouraged distortions in supply chains.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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GST reforms could save Rs 1.5 lakh crore for renewables as India targets 500 GW by 2030

GST reforms could save Rs 1.5 lakh crore for renewables as India targets 500 GW by 2030

Renewable Energy Minister Pralhad Joshi said proposed GST reforms are expected to generate savings of Rs 1.5 lakh crore for India’s renewable energy sector. He added that the country is broadly on track to reach its 500 GW renewables capacity target by 2030, signaling policy support aimed at accelerating clean energy investment and deployment.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
EV drivers may soon pay GST on public charging as AAR rules charging is supply

EV drivers may soon pay GST on public charging as AAR rules charging is supply

An AAR ruling could raise the cost of EV ownership in India. It holds that charging electric batteries at public charging stations counts as a supply of service, triggering GST instead of treating it like a simple utility. The decision may affect how operators price public charging and how customers plan their monthly charging budgets.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
GST for cars gets simpler on paper but unsettles prices and credits

GST for cars gets simpler on paper but unsettles prices and credits

India’s GST Council has overhauled automobile taxation, replacing the old four-tier structure with a two-tier model by scrapping the Compensation Cess and increasing the base GST rate to 40%. The reform is meant to simplify compliance and rates, but uncertainty persists around how existing cess credits will be handled and whether consumers will actually see lower prices.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
GST 2.0 reshapes India’s tax map with two rates and 40% sin levy

GST 2.0 reshapes India’s tax map with two rates and 40% sin levy

India’s GST 2.0 overhaul pivots to a simpler two-rate system: 5% on essentials and 18% on aspirational goods, with luxury and sin items taxed at 40%. The reform targets smoother compliance, fewer duty distortions, and a consumption-led push. Analysts see upside for sectors like FMCG, cement, insurance, healthcare, and agriculture, with hopes for stronger private capex and a possible 0.5% GDP lift.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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GST ITC curbs on CSR spend spark business alarm ahead of budget rollout

GST ITC curbs on CSR spend spark business alarm ahead of budget rollout

Budget proposals for FY 2023-24 suggest restricting input tax credit (ITC) on goods or services used to meet CSR obligations. Experts warn this could reduce the practical value of CSR benefits by raising effective costs for companies. Businesses are concerned the move may make it harder to sustain or expand CSR programs, especially where tax credit currently improves affordability.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Taxpayers get three months to approach GST Appellate Tribunal after formation court rules

Taxpayers get three months to approach GST Appellate Tribunal after formation court rules

In a ruling on a writ petition by Essar Steel Suppliers, a High Court bench held that taxpayers can file appeals to the GST Appellate Tribunal within three months. The timeline begins from whichever is later: the date the order is communicated or the date the tribunal’s president or state president enters office. The decision clarifies how appeal deadlines will be counted.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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