Mint Quick Edit | India’s GST peak is reassuring
  • 03 May 2025 06:30 PM
  • New

Mint Quick Edit | India’s GST peak is reassuring

Source: https://www.livemint.com/opinion/online-views/india-gst-revenue-april-2025-record-collection-economy-tax-growth-fiscal-performance-trade-impact-global-uncertainty-11746114589749.html

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?

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Here's how NRIs can save up to 18% GST on insurance premiums
  • 01 May 2025 06:17 PM
  • New

Here's how NRIs can save up to 18% GST on insurance premiums

Source: https://www.livemint.com/money/personal-finance/nri-gst-refund-insurance-gst-exemption-nri-insurance-insurance-gst-india-nri-igst-act-nri-insurance-nre-account-11746091904719.html

Insurance 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.

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GST collection rises 12.6% to highest-ever of ₹2.37 lakh crore in April 2025
  • 01 May 2025 06:15 PM
  • New

GST collection rises 12.6% to highest-ever of ₹2.37 lakh crore in April 2025

Source: https://www.livemint.com/economy/gst-collection-rises-12-6-to-highest-ever-of-rs-2-37-lakh-crore-in-april-2025-11746093117740.html

India'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.

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Carney’s election win in Canada can actually be called historic
  • 30 Apr 2025 06:30 PM

Carney’s election win in Canada can actually be called historic

Source: https://www.livemint.com/opinion/online-views/mark-carney-liberal-party-victory-pierre-poilievre-donald-trump-impact-us-canada-relations-inflation-crisis-housing-11745994069627.html

Mark 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.

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Akshaya Tritiya 2025: Looking to buy gold on auspicious day? See if Dubai or India gives you better rates
  • 29 Apr 2025 06:13 PM

Akshaya Tritiya 2025: Looking to buy gold on auspicious day? See if Dubai or India gives you better rates

Source: https://www.livemint.com/money/personal-finance/akshaya-tritiya-buy-gold-auspicious-day-prices-dubai-cost-india-cheaper-compare-better-rates-money-investing-gst-customs-11745828804184.html

As 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.

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Indian economy showing resilience amid global uncertainties, says finance ministry
  • 29 Apr 2025 06:15 PM

Indian economy showing resilience amid global uncertainties, says finance ministry

Source: https://www.livemint.com/economy/finance-ministry-economic-review-indian-economy-fy25-review-india-gdp-growth-forecast-retail-inflation-india-gst-11745927040480.html

The 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.

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Chartering the troubled waters of accommodation services under GST
  • 28 Apr 2025 05:51 PM

Chartering the troubled waters of accommodation services under GST

Source: https://www.livemint.com/money/accommodation-services-gst-relief-tax-exemption-paying-guest-service-apartments-11745817241610.html

Until 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.

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Gold hits ₹1 lakh: Netizens crown Indian women as best investors, calls them ‘lakhpati didis’
  • 22 Apr 2025 06:32 PM

Gold hits ₹1 lakh: Netizens crown Indian women as best investors, calls them ‘lakhpati didis’

Source: https://www.livemint.com/news/trends/gold-hits-rs-1-lakh-netizens-crown-indian-women-as-best-investors-calls-them-lakhpati-didis-11745310564407.html

Gold 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.

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Central, state GST officers detect 25,009 fake firms fraudulently passing ₹61,545 cr ITC in FY25
  • 22 Apr 2025 06:28 PM

Central, state GST officers detect 25,009 fake firms fraudulently passing ₹61,545 cr ITC in FY25

Source: https://www.livemint.com/focus/central-state-gst-officers-detect-25-009-fake-firms-fraudulently-passing-rs-61-545-cr-itc-in-fy25-11745227194939.html

New 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.

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TCA Anant: How India’s statistical system could win the ongoing war of narratives
  • 21 Apr 2025 06:48 PM

TCA Anant: How India’s statistical system could win the ongoing war of narratives

Source: https://www.livemint.com/opinion/online-views/indian-statistical-system-data-driven-governance-administrative-data-india-plfs-delay-cams-survey-gst-data-potential-11745147621540.html

There 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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