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Tag: GST Invoicing

  • Jaipur Resort Receives INR 2.66 Crore “Wrong” GST Notice, Lodges Formal Complaint Against OYO

    After getting GST show cause notifications totalling INR 2.66 Cr, a resort in Jaipur is said to have filed a formal complaint against OYO and its co-founder, Ritesh Agarwal. According to a media report, Madan Jain, who works for Samskara Resorts, filed a formal FIR at the Ashok Nagar police station in Jaipur last week. The complainant claims that OYO gave “inaccurate information” that led to the notices. The FIR cites a number of people in addition to OYO and Agarwal for criminal conspiracy, forgery, cheating, and criminal breach of trust under the Bharatiya Nyaya Sanhita (BNS). According to the FIR, on April 18, 2019, Samskara Resorts in Jaipur and OYO inked a 12-month contract. The resort says it paid the GST owed because it saw commercial transactions worth INR 10.95 lakh during that time. In addition to the penalty, the FIR alleges that OYO made reservations with Samskara for INR 22.22 Cr during the fiscal years 2018–19, 2019–20, and 2020–21, for which the GST bill of INR 2.66 Cr is still outstanding.

    20 Hotels Received Inflated Bills

    Husain Khan, head of the Hotel Federation of Rajasthan, told a media outlet that up to 20 hotels had got GST notices based on “inflated bills” that OYO allegedly provided. The Federation launched a campaign against OYO four years ago, Khan claimed, citing the company’s “poor record” with hotels. OYO, which Agarwal founded in 2012, provides corporate stays, affordable hotels, coworking spaces, vacation rentals, and casino hotels, among other things. To date, the business has collected around $4.5 billion in capital, with companies like Microsoft and SoftBank Group among its investors.

    Financial Outlook of OYO

    Agarwal informed staff via email a few weeks before the FIR that the startup was on course to record a 60% year-over-year (YoY) revenue growth in the fourth quarter (Q4) of the fiscal year 2024-25 (FY25) to INR 2,100 Cr. In the email, Agarwal stated that the effective merger of G6 Hospitality, which increased the company’s revenue by INR 275 Cr, was a major factor in this performance. After a net loss of INR 1,286.5 Cr in the previous fiscal year, OYO recorded its first profitable year in FY24 with a net profit of INR 229 Cr. Revenue, however, decreased 1.3% from INR 5,463.9 Cr in FY23 to INR 5,388.78 Cr in the reviewed year.

  • In March, GST Collection Increased 9.9% Year Over Year to INR 1.96 Lakh Cr

    The amount collected from the Goods and Services Tax (GST) in March 2025 has increased to INR 1.96 lakh crore, marking a noteworthy milestone. This represents a remarkable 9.9% growth from the previous year. Hence, this growth highlights the nation’s growing economic activity. The increase in collections indicates a strong consumer and business consumption pattern and is a good sign of the state of the economy. This amount is much more than the INR 1.62 trillion collected the previous month, which already showed an 8.1% year-over-year increase. Breaking down the components of the GST, the central GST collections amounted to INR 38,100 crore, while the state GST collections stood at INR  49,900 crore.

    The integrated GST, which includes taxes on the inter-state supply of goods and services, reached INR 95,900 crore. Additionally, the GST cess, which is levied on the supply of certain goods and services to compensate for revenue loss to states, came in at INR 12,300 crore. These figures showcase the widespread participation in the GST system by both consumers and enterprises, reflecting the system’s maturity and its role as a stable revenue source for the government.

    Gujarat Leads the Race

    In comparison to the 9.1% growth observed during the April to December period, the cumulative rise in GST collections from April 2024 to March 2025 was 9.4% year over year, indicating a modest increase. Several states and union territories have shown notable growth rates throughout this time. In FY 2024-25, for example, Gujarat’s GST earnings increased by 14% over the previous fiscal year to INR 73,281 crore. This growth is significantly higher than the growth rate for the country as a whole. This performance demonstrates how Gujarat’s effective tax-collecting systems contribute significantly to the national GDP.  The double-digit surge in GST collections in a number of states and union territories illustrates the regional diversity of economic activity. Significant year-over-year growth was observed in Tripura, Bihar, Sikkim, Meghalaya, and the Andaman and Nicobar Islands, with respective growth rates of 32%, 30%, 30%, 26%, and 60%.

     Various numbers demonstrate the increasing investments and economic activity in various sectors, which enhances overall GST collection. However, there were reductions in areas like Jammu and Kashmir, Himachal Pradesh, Manipur, Dadra and Nagar Haveli, and Daman and Diu. This downfall clearly suggests difficulties that might have been brought on by regional economic circumstances or administrative obstacles.

    Growth of Domestic Refunds

    Improvements in the tax administration system are demonstrated by the 2.8% increase in domestic refunds. This was followed by a significant 41.2% increase in total refunds, which included an astounding 201.9% year-over-year boost from imports. Refund processing efficiency may promote greater adherence to and involvement in the GST structure. The government is making constant efforts to simplify tax administration and enable more seamless commercial transactions. This vision was clearly reflected in the overall refund rise from April to March in FY25, which was 16.4% year over year and totalled INR 2.52 trillion. These changes point to a consistent course for improving India’s tax system’s effectiveness, which will benefit both the government and taxpayers.

  • Blinkit Introduces GST Invoicing as a New Feature for Businesses

    Businesses can now enter their GSTIN (Goods and Services Tax Identification Number) while making purchases on the Blinkit platform, thanks to a new feature. Albinder Dhindsa, the CEO, claims that this change is a reaction to consumer demand, especially from companies buying expensive goods like electronics. Businesses can now claim up to 28% in GST input credits for their purchases, thanks to the introduction of GST invoicing.

    With the new feature, users may now enter their GSTIN directly into the Blinkit app and receive invoices that are GST-compliant. This is particularly crucial for companies that wish to use GST input credits to reduce overall expenses. For instance, if a business makes purchases at the 28% GST rate, it can claim a portion of those purchases as input credit.

    What is GSTIN?

    Each taxpayer (GST-registered business, firm, dealer, supplier, or business entity) receives a 15-digit unique identification number known as the Goods & Services Tax Identification Number, or GSTIN, after registering under the GST regime in India.

    Every company operating in a state or Union territory receives a unique PAN, state information, and a Goods and Services Tax Identification Number (GSTIN). Businesses and individuals must register with the state government and get a unique 15-digit GSTIN in accordance with the GST Act of 2017. Several GST-related processes, including filing returns, claiming input tax credits, and making tax payments, require the GSTIN Number.

    How New GST Invoicing Will Work in Blinkit?

    Upon checking out, customers will be presented with the option to
    “Add GSTIN.”

    A GST-compliant invoice is created for the transaction as soon as the
    GSTIN is added.

    The buyer’s GST input credit, which may reach up to 28% depending on
    the product category, is shown on the invoice.

     People’s Reaction

    The founder of Blinkit, Albinder Dhindsa, recently announced on LinkedIn the introduction of a new tool that enables companies to include their GSTIN while making transactions. The new feature responds to the increasing need for GST-compliant invoices among Blinkit’s business clients, which are essential for making decisions, especially for expensive transactions.

    Users responded enthusiastically to the news, praising the company’s recent launch. A significant turning point in Blinkit’s development, Dhindsa’s action solidifies the platform’s position as a major force in the B2B market. An enthusiastic user left a comment on the post, saying, “That’s great news! Adding a GSTIN is a useful feature, particularly for companies making expensive purchases. It will undoubtedly streamline the invoicing process and make it easier for customers to obtain tax benefits. I’ll try it out and let you know what I think shortly. Thank you for putting the needs of your customers first.”

    The declaration by Dhindsa shows the company’s intention to meet the needs of its business clients, many of whom depend on GST-compliant invoices for accounting accuracy and tax advantages. He urged users to give the function a try and report back.

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