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.
A few states have submitted their views to the Chairperson of the GST Council but are yet to decide on the options, according to sources.
The traction will be for Centre's refusal to pay the state it's dues on GST on which the Opposition has decided to join the dissenting voices of Treasury benches.
'Many have been badly affected by this- lakhs of poor families, crores lost their jobs, states' economy was affected,' he said.
'The Government will give a further relaxation of 0.5% in states' borrowing limit under FRBM Act,' the Finance Minister said.
While the Joint Entrance Examination (Main) is scheduled from September 1-6, the National Eligibility cum Entrance Test (NEET-UG) is planned on September 13.
