Indian stock benchmarks Sensex and Nifty 50 ended higher on May 5, driven by positive global cues and expectations of a US-China trade deal. The Sensex closed with a gain of 295 points, or 0.37 per cent, at 80,796.84, while the Nifty 50 settled at 24,461.15, up 114 points, or 0.47 per cent.
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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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Shrivastava will play a key role in shaping proposals for GST Council meetings in coordination with state governments.
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(Reuters) -Twice Olympic 100 metres medallist Fred Kerley has been arrested for allegedly punching hurdler and ex-girlfriend Alaysha Johnson in the face, police said on Friday, and, as a result, he will not compete in the Grand Slam Track event in Miami this weekend.
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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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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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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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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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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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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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