Goods and Services Tax

GST formalising economy, widening tax base: Finance Ministry

GST formalising economy, widening tax base: Finance Ministry

The Goods and Services Tax was introduced from July 1, 2017, to subsume plethora of indirect taxes like excise and sales tax.

Jun 19, 2018, 00:45 AM IST
India will continue to be world's fastest growing economy for years: Finance Minister Arun Jaitley

India will continue to be world's fastest growing economy for years: Finance Minister Arun Jaitley

The fourth quarter results of GDP data showed a phenomenal 7.7 percent growth rate and has established India firmly as the fastest growing global economy.

Jun 18, 2018, 13:22 PM IST
Trucker go up  indefinte strike food prices grow up

Trucker go up indefinte strike food prices grow up

The indefinite strike against the soaring diesel prices and .steep rise in the third party insurance premium begun this morning.

Jun 18, 2018, 10:45 AM IST
Thousands may go jobless in Tamil Nadu as small and medium industries face closure

Thousands may go jobless in Tamil Nadu as small and medium industries face closure

The Micro, Small and Medium Enterprises (MSME) have reduced by 49,329 units while employment in the sector has gone down by 5,19,075 persons during 2017-18.

Jun 09, 2018, 09:24 AM IST
India's GST collection in May 2018 croses Rs 94000 Crores

India's GST collection in May 2018 croses Rs 94000 Crores

India collected a Rs 94,016 crore in the form of goods and services tax (GST) in May 2018, up from the average collection of nearly Rs 90,000 crore per month in financial year of 2017-18. 

Jun 01, 2018, 14:14 PM IST
India fastest growing economy at 7.4% in 2018: IMF

India fastest growing economy at 7.4% in 2018: IMF

The International Monetary Fund (IMF) reaffirmed on Wednesday that India will be the fastest growing major economy in 2018, with a growth rate of 7.4 per cent that rises to 7.8 per cent in 2019 with medium-term prospects remaining positive.

May 09, 2018, 09:19 AM IST
GST, bank balance sheet problems pushed India's economic growth downward but gradual recovery expected: UN

GST, bank balance sheet problems pushed India's economic growth downward but gradual recovery expected: UN

The report said that India's GDP is forecast to grow 7.2 percent in 2018 and 7.4 percent next year.

May 08, 2018, 11:59 AM IST
India's services sector activities improve in April; job-creation pace fastest in over 7 years

India's services sector activities improve in April; job-creation pace fastest in over 7 years

With growth in new orders and easing inflationary pressures also helping in improved demand conditions, the Nikkei India Services Business Activity Index climbed to 51.4 in April from 50.3 in March.

May 04, 2018, 16:04 PM IST
April GST exceeds Rs 1 lakh crore, Arun Jaitley calls it a landmark achievement

April GST exceeds Rs 1 lakh crore, Arun Jaitley calls it a landmark achievement

GST collection in April surpassed Rs 1 lakh crore to Rs 1,03,458 crore.

May 01, 2018, 15:54 PM IST
GST collection in April surpasses Rs 1 lakh crore to Rs 1,03,458 crore

GST collection in April surpasses Rs 1 lakh crore to Rs 1,03,458 crore

The government rolled out the GST regime from July 1 last year.

May 01, 2018, 12:09 PM IST
GST, demonetisation brought 1.8 mn more people into I-T net: India tells UN

GST, demonetisation brought 1.8 mn more people into I-T net: India tells UN

Additional Secretary in the Ministry of External Affairs A Gitesh Sarma, addressing the ECOSOC Forum on Financing for Development Follow Up, said India is currently implementing a wave of reforms.

Apr 27, 2018, 13:09 PM IST
Government collects Rs 7.41 lakh crore from GST in FY18

Government collects Rs 7.41 lakh crore from GST in FY18

The government rolled out the GST regime from July 1 last year.

Apr 27, 2018, 12:37 PM IST
Will GST impact your salary? Everything you need to know

Will GST impact your salary? Everything you need to know

The move may be necessitated following the recent Authority of Advance Ruling (AAR) ruling.

Apr 17, 2018, 09:19 AM IST
GST e-waybills for intrastate goods in five states to be rolled out from April 15

GST e-waybills for intrastate goods in five states to be rolled out from April 15

E-way bill is an electronic way bill for movement of goods which can be generated on the GSTN (common portal).

Apr 10, 2018, 13:20 PM IST
GST collection on upswing, close to Rs 90,000 cr: Finance Secretary Hasmukh Adhia

GST collection on upswing, close to Rs 90,000 cr: Finance Secretary Hasmukh Adhia

Last week, the Finance Ministry had released initial figures of the GST collection for February which showed a decline in revenue by Rs 1,144 crore compared to January. 

Apr 03, 2018, 00:27 AM IST
One GST rate won't work in 'tax non-compliant' India: Arun Jaitley

One GST rate won't work in 'tax non-compliant' India: Arun Jaitley

He said that the reason behind India starting off with multiple rates under was that the country had 17 taxes and 23 cesses, which were all amalgamated into the GST.

Feb 27, 2018, 19:34 PM IST
Dream of 'new India' will be achieved by empowering youth with technology, says PM Modi in Dubai

Dream of 'new India' will be achieved by empowering youth with technology, says PM Modi in Dubai

Voicing concern over massive global investment in missiles and bombs, PM Modi on Sunday warned against the misuse of technology.

Feb 11, 2018, 15:58 PM IST
Top 5 states make 70 percent of India's total exports; coastal states rule the list: Economic Survey 2018

Top 5 states make 70 percent of India's total exports; coastal states rule the list: Economic Survey 2018

Coastal states are responsible for 74.3 percent of India's total exports, the Economic Survey has revealed.

Jan 29, 2018, 16:16 PM IST
Arun Jaitley hints at further rationalisation of tax rates, says GST structure has stabilised

Arun Jaitley hints at further rationalisation of tax rates, says GST structure has stabilised

GST is an indirect tax which was introduced in India on July 1, 2017.

Jan 27, 2018, 18:19 PM IST
GST taxpayer base crosses one-crore mark

GST taxpayer base crosses one-crore mark

"One crore taxpayers have been registered under the GST till January 24, of which 17.11 lakh are composition dealers," an official statement said.

Jan 25, 2018, 21:56 PM IST

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