"goods-and-services-tax-gst"

Andhra Pradesh Deputy CM Pawan Kalyan welcomed the GST reforms approved by the Council, calling them a “true Diwali gift” to the nation. Leaders including CM Chandrababu Naidu and Union Ministers Kishan Reddy and Bandi Sanjay also praised the reforms.

If executed well, GST 2.0 could evolve from a foundational reform into a competitive advantage, supporting India’s journey toward becoming a developed nation by 2047

A statutory review committee to assess the law every three years will ensure that the new Act remains relevant

As the bold indirect tax reform completes eight years of implementation, the occasion calls for an honest appraisal and the introduction of further changes

The ‘One Nation, One-Tax’ was launched by Prime Minister Narendra Modi on July 1, 2017

In May, gross revenues from domestic transactions rose 13.7 per cent to about Rs 1.50 lakh crore, while GST revenue from imports grew 25.2 per cent to Rs 51,266 crore

The Finance Ministry will seek inputs and representations from industry leaders on the proposed rate rationalisation, the future of the compensation cess, and broad structural reforms as part of the GST 2.0 reforms

Six-time Grand Slam winner Sania Mirza is among the many celebrities who have endorsed 'Sundays On Cycle', on May 18, commemorating eight years of GST and promoting a healthier, fitter India

Initiating debate on Finance Bill in Lok Sabha, Congress MP Shashi Tharoor alleged that the BJP government’s economic management is facing structural challenges

Around 24 paise will come from borrowings and other liabilities, 9 paise from non-tax revenue like disinvestment, and 1 paise from non-debt capital receipts, the Budget documents said

Central GST collection stands at Rs 32,836 crore, State GST at Rs 40,499 crore, IGST at Rs 47,783 crore and Cess at Rs 11,471 crore

The tax imposes an unfair burden on policyholders and runs contrary to the intent behind incentivising these policies

The order consists of Rs 5.9 crore in GST demand and a penalty of Rs 5.9 crore for July 2017-March 2021 period.

Besides the enhanced rent, it has also been decided to impose a 12 percent Goods and Services Tax.

Records Rs 1.33 lakh crore in first seven months of 2023-24 fiscal, as per CAG

She went on to say that the GST has increased tax buoyancy for both states and the central government.

New Delhi: Gross revenue collection from the Goods and Services Tax (GST) surged to Rs 1.33 lakh crore in February, posting an increase of 18 per cent year-on-year, the government data showed on Tuesday. The gross GST revenue collected in the month of February 2022 is Rs 1,33,026 crore of which CGST is Rs 24,435 […]

Never in the recent past the threat to federalism was as serious as it is now. The BJP-led NDA government at the Centre has been systematically undermining the spirit of federalism by usurping the rights of the States and taking unilateral and arbitrary decisions. On every issue with federal ramifications, it has been arbitrary and […]

Economic inequality is an unfortunate truth the world has to live with. What is more disturbing is the widening gulf between the rich and the poor, despite a surfeit of welfare models being experimented across the world. The ongoing coronavirus pandemic has made the world more unequal, with wealth distribution becoming more skewed than ever […]

By T Muralidharan On 29 September, for the first time, five FICCI southern State councils — Karnataka, Kerala, Tamil Nadu, AP and Telangana — came together and organised a GST Southern State Finance Minister’s conclave. The industry Minister of Karnataka, and Finance Ministers of Kerala and Tamil Nadu shared their views. It was a very […]