At ₹2.37 trillion in April, the country’s goods and services tax (GST) revenue is not just the highest ever, it’s 13% higher than the previous peak achieved last April. What does this tell us about how the economy is doing?
Read MoreInsurance attracts Goods and Services Tax (GST), which increases its price by up to 18%. However, non-resident Indians (NRIs) can save on GST in their insurance premiums.
Read MoreIndia's GST revenue from domestic transactions rose 10.7 per cent to about ₹1.9 lakh crore, while revenue from imported goods was up 20.8 per cent to ₹46,913 crore.
Read MoreMark Carney’s Liberal Party victory in Canada’s federal elections may well be remembered as one of the biggest political turnarounds in electoral history. A year ago, Canada’s political landscape seemed to favour the Conservative Party, led by Pierre Poilievre. The seat tally in Canada’s House of Commons gives the Liberals a fourth consecutive term in power, as they’re within a whisker of the 172-seat majority mark, with the Conservatives lagging by two-dozen seats.
Read MoreAs we near the auspicious day of Akshaya Tritiya, you may be considering buying gold on the occasion. Check here to compare gold prices in Dubai and India to see which gives you better rates after GST and customs duty is added.
Read MoreThe ministry added in its latest economic review that the private sector and policymakers must be mindful of global risks and act urgently to prevent uncertainty from dampening momentum.
Read MoreUntil last year, the hospitality and rental sectors benefitted from a broad tax exemption on renting residential dwellings. However, with effect from 15 July 2024, a separate conditional exemption was carved out for accommodation services, relieving these from the levy of goods and services tax, or GST.
Read MoreGold prices surge amid the US-China trade war, hitting ₹99,380/10 gm, with retail prices approaching ₹1 lakh after GST. Netizens responded with mixed sentiments, with some praising women investors while expressing concerns over affordability.
Read MoreNew Delhi, Apr 21 (PTI) Central and state GST officers have detected 25,009 fake firms involved in fraudulently passing input tax credit (ITC) worth ₹61,545 crore during 2024-25, officials said.
Read MoreThere has been a persistent narrative about the decline of the Indian statistical system. This is despite the fact that the National Statistical Organisation has introduced new sample surveys and increased the periodicity of older ones. Similar developments have occurred in major partner ministries such as labour, education and health. In addition, the availability and accessibility of statistical data have improved significantly over the last decade.
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