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.
While presiding over the state level GST Review meeting held at Mandi today, Thakur said the officers who were performing better would be rewarded and those failing in achieving the desired targets would be penalized.
It is believed that Govt has considered various options including raising rates from 5 per cent to 8 per cent and 12 per cent to 15 per cent,
Speaking at a session organized by the Bengal National Chamber of Commerce and Industry (BNCCI) today, the Governor said, “I am always ready to address any issue that is flagged to me by the industrialists and even the mediapersons. I can play a mediatory role between the state and the Centre. I would be very happy to do that and that is what my job is.”
Sitharaman also said that there is nowhere in the world do the prices of petrol and diesel remain steady for a particular period of time.
Shiv Sena said that the slowdown is evident in the subdued Diwali celebrations this year.
