Goods and services tax (GST) collections hit a record ₹2.1 trillion in April, according to data released by the finance ministry on 1 May. The monthly GST data has often been used as a barometer of how well the economy is performing. But the April data may not be so straightforward.
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Read MoreNew Delhi: India's goods and services tax (GST) collection touched a record ₹2.10 trillion in April, reflecting robust economic growth, rising formalization and greater efficiency in tax collection.
Read MoreNEW DELHI : Services sector raced ahead in company registrations in the just-ended financial year, reflecting the rapid formalization of a segment with few entry barriers. While services accounted for 71% of the 185,300-plus new companies registered in FY24, industry made up less than a fourth, while the farm sector accounted for about 6%.
Read MoreDuring its decade in power, the National Democratic Alliance (NDA) government has had its share of glides and stumbles in implementing its reforms agenda. How close did it come to delivering on the promise of “achhe din" (good days) through its various policies?
Read MoreNew Delhi: The Central Board of Indirect Taxes and Customs (CBIC) has brought out common norms for central and state level Goods and Services Tax (GST) officials to audit banks, CBIC chairperson Sanjay Kumar Agarwal told field officers.
Read MoreIn today's competitive business landscape, access to timely financing and navigating the intricate landscape of tax management is a perpetual challenge for business owners. From meticulously tracking expenses to ensuring compliance with regulatory requirements, the burden of financial management can often feel overwhelming.
Read MoreLok Sabha Elections: All India Congress Committee chief Mallikarjun Kharge has written a letter to Prime Minister and Bharatiya Janata Party (BJP) leader Narendra Modi, accusing him of ‘quoting words out of context to create communal divide’.
Read MoreSource: https://taxguru.in/goods-and-service-tax/gst-council-newsletter-march-2024.html
Second highest monthly Gross GST Revenue collection in March at ₹1.78 lakh crore; Records 11.5% y-o-y growth (18.4% on net basis)
Read MoreNEW DELHI : Hybrid cars in India may remain pricey for a while, with a top panel tasked to review taxes on them yet to formally meet even once, in the backdrop of a divided auto industry. Besides, any change in automobile taxes is unlikely without a comprehensive overhaul in the GST framework, two people aware of the development said.
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