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.
The industry has been hoping that the import duty on gold would be slashed from 12.5 per cent to 4 per cent in this year’s budget which would have brought much relief to the sector which has been reeling due to liquidity crunch.
There was no innovative, expansionary vision on display as the hapless finance minister, grappling with revenue, debt, expenditure going out of kilter and jobs disappearing across the board, used eloquent and unwarranted optimism instead, projecting a 10 per cent growth.
There was nothing in the budget, he said, that could pave the way for economic reforms or raise public consumption that was imperative for reviving the economy.
The schedule has been extended by 7 days.
China is directly concerned with creation of Ladakh as a Union Territory, because it is occupying parts of it including Shaksgham Valley, which has been illegally gifted to it by Pakistan.
