Goods and Services Tax (GST) collections in December (for November sales) increased 11.6% year-on-year to Rs 1,15,174 crore, the highest level since the implementation of the indirect tax regime in July 2017. The finance ministry said this was the strongest growth in…
read moreOn Tuesday, the Center allowed 20 states to raise ₹ 68,825 crore through open market loans to fill the GST income gap. The decision was made a day after the GST Council meeting failed to reach consensus on the deadlock in the…
read moreFifteen days after the Center detailed two options for states to borrow to offset the compensation deficit of Rs 2.35 lakh crore this budget under the goods and services tax (GST) regime, a total of 12 States, in their majority, made up…
read moreThe Goods and Services Tax (GST), implemented in July 2017, marked a significant change from the traditional tax linked to production to a tax based on consumption. The new regime included public levies such as VAT, sales tax, entry / subsidy tax,…
read moreManufacturing activity in India contracted for the third consecutive month in June, but at a much slower pace, as demand and production continued to suffer for three months from shutdowns to curb the spread of the coronavirus. The virus has infected more…
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