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 overall CGST collection for the entire fiscal from the state is expected to exceed the Rs 18,000-crore target for the financial year ending March 2019.
Earlier in the day, amid ruckus by the Opposition, the report of the Comptroller and Auditor General (CAG) on the 2015 Rafale jet deal was tabled in the Parliament.
Accused allegedly issued fake GST invoices worth more than Rs 2,000 crore to various companies without supplying goods and availed input tax credit worth Rs 265 crore
The expenses of the government have defied gravity, revenues are southwards-bound, while the finance minister is committed to limiting its fiscal deficit to no higher than 3.3 per cent of the country’s gross domestic product.
The Parliament will meet for the Budget session from today till February 13 with the interim budget to be presented on February 1.
