GST collections see 8.9 pc YoY growth at Rs 1.87 lakh crore in October
It is the eighth consecutive month when GST collections stayed above the Rs 1.7 lakh crore mark.
It is the eighth consecutive month when GST collections stayed above the Rs 1.7 lakh crore mark.
The officials from the Kerala Goods and Services Tax (GST) department have seized 104 kg of unaccounted gold valued at around Rs 75 crore in massive raids across gold jewellery-manufacturing units, wholesale outlets and residences in Thrissur district. The raids began on Wednesday and concluded on this morning.
Chief minister Mamata Banerjee today welcomed Centre’s decision to withdraw GST on Life and health insurance, announced today.
The cross-country comparative data on sugar-sweetened beverages (SSB) taxes collated by the World Bank shows that India has one of the highest tax rates for carbonated soft drinks (CSDs) at a total tax rate of 40 per cent as of 2023.
While highlighting that the reliance on personal funds for business operations increases with age, the survey said among self-employed women, 52% of those over 45 years old use their own savings, compared to only 36% of those aged 25-35 years.
After a one-time adjournment, as soon as the sitting of the House began at 2 pm, there was ruckus and sloganeering from the Opposition parties. Opposition members were seen raising slogans against inflation and demanding that the government withdraw its decision to impose GST on several essential packaged food items.
Congress MP Manickam Tagore gave the adjournment notice in the Lok Sabha. "To discuss the imposing levy of 5 per cent GST on essential commodities which would affect every common citizen, especially the poor and to direct the Government to withdraw the decision of levying GST from essential commodities," it said.
Addressing media persons here on Wednesday, the AAP Farmers’ Wing, Himachal President, Aninder Singh Notty, accused the BJP governments at the Centre and the state of being anti-farmer.
Commenting on the five years of the GST, former finance minister P Chidambaram said, "In the last five years the defects of the GST have only become worse and all those touched by the GST have been seriously injured."
Narendra Modi said that the GST has furthered 'Ease of Doing Business' and fulfilled the vision of 'One Nation, One Tax'.
