Dramatic fall in India’s savings
India has traditionally been a nation of savers. People stash away a significant portion of their earnings for future security, often at the expense… Read More
Analyzing the Performances of Amit Shah, S. Jaishankar, and Nirmala Sitharaman Amidst Rising Communal Tensions, Diplomatic Missteps, and Economic Challenges
Yesterday, Narendra Modi took… Read More
Table of Contents
GST structure in India
What is the 4 structure of GST?
NIL tax category
5% GST rate structure
12% GST tax bracket
18% slab of GST
28% GST tax
What are GST features and str… Read More
New Delhi, June 1 (IANS) The Goods and Services Tax (GST) collections for May came in at Rs 1.73 lakh crore, a 10 per cent growth (year-on-year), driven by a strong increase in domestic tran… Read More
Explore the April 2024 GST Council Newsletter covering discussions, record-high revenue collections, notifications, and legal insights.
The post GST Council Newsletter For April 2024 appeare… Read More
Reported by Sumit Singh
Pune, 23rd May 2024: The Lounge & Bar Association of Pune has expressed serious concerns following the recent crackdown on liquor-licensed establishments in… Read More
In a concerted effort to reduce the Goods and Services Tax (GST) on ice cream, industry representatives have approached the highest levels of government. This initiative, led by the Indian I… Read More
During an exclusive interview with NewsX, Nirmala Sitharaman, a renowned Indian economist, politician, and key figure of the Bharatiya Janata Party (BJP), shared her insights on Ayodhya&rsqu… Read More
Compensation Cess (CESS) under GST is a supplementary tax charged on particular goods and services to compensate states for income loss post-GST introduction. CESS is charged in addition… Read More
A Quick Glance
Platform Name Value PropositionAlt DRXWorld’s first digital real estate WealthTech platformEquirus Wealth Pvt LtdOffers complete wealth management solution… Read More
On Monday, May 6th, 2024, Union Finance Minister (FM) Nirmala Sitharaman administered the Oath of Office to Justice (Retd.) Sanjaya Kumar Mishra was the first president of the Goods and Serv… Read More
Read about the record-breaking GST collections of April 2024, highlighting tax buoyancy, enforcement actions, and officer recognition in the latest newsletter from the Central Board of Indir… Read More
In the dynamic realm of gold and jewellery businesses, precision and efficiency are indispensable. From sourcing raw materials to delivering exquisite pieces… Read More
Aizawl, May 4 (IANS) Mizoram Chief Minister Lalduhoma said on Saturday that due to the state government’s massive efforts, the state registered a record 52 per cent jump in Goods &… Read More
Explore recent updates in GST, including India economic growth forecasts for 2024, government initiatives, challenges, and insights into GST collections and reforms.
The post Recent Updates… Read More
Aizawl, May 2 (IANS) Mizoram recorded its highest proportion growth at 52 per cent in Goods & Services Tax (GST) collections in April, while four of the eight northeastern states —… Read More
Discover the Ministry of Finance's latest report on April 2024 GST collections, marking a historic milestone of ₹2.10 lakh crore with detailed analysis and insights.
The post GST reven… Read More
New Delhi, May 1 (IANS) An increasing number of GST demand notices being issued to companies is contributing to the burgeoning GST collections. Abhishek Jain, Partner and National Head, Indi… Read More
The country’s gross GST revenue collection for April this year soared to the highest ever level at Rs 2.10 lakh crore, Finance Minister Nirmala Sitharaman announced on Wednesday.
This… Read More
New Delhi, May 1 (IANS) The country’s gross GST revenue collection for April this year soared to the highest ever level at Rs 2.10 lakh crore, Finance Minister Nirmala Sitharaman annou… Read More
The country’s gross GST collections hit a record high of Rs 2.10 lakh crore in April, growing 12.4 per cent year on year driven by a strong increase in domestic transactions an… Read More
INDIA has achieved a significant milestone in tax collection, amassing 2.10 trillion rupees (£20.12 billion) in gross goods and services tax (GST) for April, marking a 12.4 per cent in… Read More
New Delhi, May 1 (IANS) Finance Minister Nirmala Sitharaman on Wednesday took to X to inform that the Goods and Services (GST) collections have crossed Rs 2 lakh crore benchmark for the year… Read More
Brides-to-be, rejoice! Indian Bride hosts a spectacular Luxury Lifestyle Exhibition, showcasing the latest trends for the summer season. Over 50 renowned designers will unveil their exquisit… Read More
INDIA’S net direct tax collections surged by a massive 17.7 per cent year-on-year to Rs 19.58 crore (£189.5 billion) in the fiscal year ended March 2024, surpassing even revised… Read More
Investors choose to build their businesses in Singapore for a variety of reasons. The simplicity of starting and operating enterprises is a significant driver. Another important driver is Si… Read More
GST Collection Versus GDP – How Is India Faring?
The collection of Goods and Services Tax (GST) in India has garnered significant attention in recent times. However, beyond the headlin… Read More
Did you know that FIIs have pumped over ₹35,000 crore into Indian equities in November 2022 alone? This staggering influx shows their renewed faith in India’s growth story.
Bu… Read More
New Delhi, April 2 (IANS) The surge in GST collections which have crossed the Rs 2 lakh crore mark for 2023-24 reflects the strength of the Indian economy across sectors and regions of the c… Read More
Mumbai : The finance ministry has said that Goods and Services Tax (GST) collections in March 2024 witnessed the second highest collection ever at Rs 1.78 lakh crore, with a 11.5 per cent ye… Read More
In the world of starting your own business, where every rupee matters and every decision can make a big difference, one important thing to think about is taxes. Recent information from the t… Read More
The finance ministry announced on Monday that GST collections in March saw a growth of 11.5 percent, reaching ₹1.78 lakh crore, largely due to increased domestic transactions.
For the… Read More
Alleging that Bharat Rashtra Samithi (BRS) and Bharatiya Janata Party (BJP) are conspiring to pull down his government, Telangana Chief Minister A. Revanth Reddy said on Sunday that he will… Read More
Kerala has moved the top court against the centre lowering its debt ceiling. The centre says the state is borrowing only for pensions and salaries, not infrastructure
By Vikram L Ki… Read More
Multinational corporations (MNCs) are behemoths that operate across borders, shaping global economies. In India, MNCs play a vital role in driving economic growth, generating employment, and… Read More
New Delhi, March 1 (IANS) Gross Goods and Services Tax (GST) revenue collections for February rose by a robust 12.5 per cent year-on-year in February to Rs 1,68,337 crore, according to figur… Read More
In a significant achievement, Punjab registered 15.69 percent increase in Goods and Services Tax (GST) and an 11.71 percent increase in Excise revenue collection by the end of February in th… Read More
Overview of February 2024 GST Revenue:
Total collection: ₹1,68,337 crore
Growth rate: 12.5% increase compared to February 2023
Breakdown: Domestic transactions – 13.9%… Read More
Introduction:
In recent months, India has experienced a notable acceleration in its economic growth, propelled by robust tax collections and a burgeoning momentum in manufacturing… Read More
Changes in Budget for FY 2024-25 (After passing the Budget in 1st Feb)
In India, businesses and the general people look forward to Budget Day with great anticipation, as they want to… Read More
According to global banking group Morgan Stanley, India’s economic growth is predicted to drop from 6.9% expected for FY2024 to 6.5% in the financial year (FY) 2025.”As for growt… Read More
Morgan Stanley Predicts India’s GDP Growth to Slow to 6.5% in FY2025
According to international banking giant Morgan Stanley, India’s economic growth would decline from 6… Read More
DPM Lawrence Wong just dropped Budget 2024 for Singapore. The theme is “Building Our Shared Future Together” and how the Government plans to support citizens and keep… Read More
Bangalore, India’s Silicon Valley, is at the forefront of the FinTech revolution, where innovative startups are redefining the landscape of financial services. Amidst this vibrant tech… Read More
An interim budget was declared on February 1, 2024. A well-planned budget can contribute to economic stability by ensuring that government spending is sustainable and aligned with the overal… Read More
Islamabad: The Pakistani government has formally requested a one-year extension from the World Bank for the “Pakistan Raises Revenue (PRR)” project worth USD 400 million.
This ex… Read More
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Islamabad: According to a source cited on February 6, the Pakistani government has asked the World Bank (WB) for a one-year extension of the $400 million… Read More