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 remarks come a day after former RBI Governor Raghuram Rajan blamed the indirect taxation reform for derailing India's growth story.
The investigating agency has registered a case under sections of the Prevention of Corruption Act.
Prime Minister Narendra Modi announced 12 major decisions taken by his government for the Micro, Small and Medium Enterprises (MSMEs) at the launch event of the Union Government’s Support and Outreach Initiative on Friday, 2 November.
The jump from 130 two years ago to 100 last year and now to 77 bears a strong testimony to the efforts taken by the government to create a very conducive business environment.
This was a marked improvement over the September GST collection (for August) which stood at Rs 94,442 crore.
