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The surge in goods and services tax collections is more due to higher inflation than higher consumption, said India Ratings and Research in a note on Thursday. It said that higher GST collections should not be construed as an indication…
The surge in goods and services tax collections is more due to higher inflation than higher consumption, said India Ratings and Research in a note on Thursday. It said that higher GST collections should not be construed as an indication…
States’ revenue growth will slide to 7-9 per cent in FY23 even as handsome GST collections will help in the accretion, a report said on Wednesday. The revenue growth had galloped 25 per cent in FY22 courtesy a lower base…
Overall revenue of top 17 states in the country, which account for 85-90% of aggregate gross state domestic product (GSDP), is likely to grow at 7-9% this fiscal, Crisil Ratings said on Wednesday. The revenue grew 25% last fiscal over…
From Rs 13,341 crore to Rs 25,916, the GST collection in Uttar Pradesh saw an increase of 102% between June 2021 and June 2022. The growth, a state government spokesperson said, “Marked an apparent effective economic policy of the state…
Prime Minister Narendra Modi said on Sunday that states should develop a clear time-bound road map for the implementation of the National Education Policy (NEP) and focus on promoting trade, tourism and technology. He also asked for collective action to…
Prime Minister Narendra Modi on Monday said goods and services tax (GST) has replaced the web of many taxes at the Centre and state level and the GST collections are crossing one lakh crore rupees every month. The statement was…
Domestic ratings agency India Ratings on Monday said the GST has not helped states achieve the key objective of boosting their tax revenue. The rating agency said that the data does not point to any benefits to the states in…
Some commodities which are perceived to be sin goods have seen Goods and Services (GST) rates rising to a point where further taxation isn’t an option anymore, Chairman of the Central Board of Indirect Taxes and Customs (CBIC) Vivek Johri…
Generation of e-way bills, which are needed to ship goods within and across states, eased a notch in April, suggesting that Goods and Services Tax (GST) collections this month could be lower than the previous month’s record high. Data from…