Reforms Gain Momentum In Modi 3.0: Major Tax Structure Changes Expected Ahead Of Budget
A significant acceleration of reforms across various sectors in India is expected with a focus on creating a more efficient and modern legal and regulatory framework.
Indian Economy In Robust Position Globally In 2025 As High-Frequency Indicators Show Growth
India enters 2025 in a robust economic position, with high-frequency indicators showing accelerated growth in Q3 FY25, according to a Bank of Baroda (BoB) report.
GST Council Eases Process For Small Businesses And Skill Providers, Clarifies EV Taxation
Finance Minister Nirmala Sitharaman announced key decisions after the 55th GST Council meeting, aimed at simplifying the GST process for small businesses and skill training providers.
GST Collection Rises To ₹1.87 Lakh Crore In October, Marks 8.9% Annual Growth
The latest figures reveal ₹33,821 crore in Central GST (CGST), ₹41,864 crore in State GST (SGST), ₹99,111 crore in Integrated GST (IGST), and ₹12,550 crore in cess
GST Cut On Health Insurance Premium Deferred, Cancer Drugs To Become Cheaper
The GST on cancer drugs will decrease from 12% to 5%, and the tax on namkeens (selected snacks) will be reduced from 18% to 12%.
Supreme Court Dismisses Plea Challenging GST Constitutional Amendments
The Supreme Court on Monday dismissed a plea challenging the constitutionality of certain amendments introduced in the Constitution to implement the Goods and Services Tax (GST).
GST Collections Rise 10% Year-on-Year In August To Rs 1.75 Lakh Crore
Domestic transactions contributed significantly, with gross GST revenues from these transactions growing by 9.2% to about Rs 1.25 lakh crore. Revenues from imports also saw a rise of 12.1%, reaching Rs 49,976 crore
Economic Survey To Be Tabled In Parliament On July 22
The Economic Survey's presentation coincides with the IMF's recent upward revision of India's economic growth forecast for FY25 to 7 percent from the previously projected 6.8 percent in April.
Tax Reduced On Many Household Items After Introduction Of GST
After the introduction of GST Tax on household items including flour, cosmetics, television, refrigerator etc have reduced.
GST Rates Updated For Select Products And Services: Full List Inside
The GST Council recommended waiving interest on penalties for tax demand notices and set a uniform GST rate of 12 percent on milk cans.
