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.
In case this revenue gap is not bridged in the coming years despite all compliance efforts, adequate compensation, in the manner as envisaged in the Compensation Act, should be extended beyond 2022
Mr Modi, who was almost single-handedly responsible for BJP's landslide victory, has the humongous responsibility of fulfilling the promises that he had made in 2014 and 2019. The Government can achieve its promise of achche din only if it starts working for achche din from day one of its tenure.
The GST body did not specify the period in which the cases of fake invoices were detected.
The total number of GSTR 3B Returns filed for the month of April up to May 31, 2019 is 72.45 lakh. The GSTR-3B Form records the summary of outward supplies, input tax credit (ITC) claimed and net tax payable.
At another level, puncturing a hole in the government’s claims of having added 10.6 million new taxpayers in the financial year 2016-17, some 25 per cent more than the previous year, the income-tax department now talks of the surge in “stop filers”, people earlier paying income tax but not doing so now.
