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'Rate Cuts Will Boost Consumption': Tax Board Chief On GST 2.0's Revenue Impact
Higher consumption driven by GST rate cuts may contribute to offsetting the government's revenue loss, provided the industry passes on the benefit to consumers, the Central Board of Indirect Taxes and Customs has told NDTV.
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GST Reforms To Cause Rs 3,700 Crore Revenue Loss To Government: SBI Report
The State Bank of India (SBI), in its latest research report, said that reforms in GST through a reduction in rates will cause a minimal revenue loss of Rs 3,700 crore.
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Tax Cuts, Sales Boost: Everything You Need To Know About New GST Rates
Finance Minister Nirmala Sitharaman unveiled tax cuts for hundreds of consumer items, from soap to cars, in the biggest overhaul of the goods and services tax (GST), set to take effect from September 22.
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GST Implication To Be Rs 48,000 Crore, Not Right To Call It Loss: Official
The government's big move to rationalise the Goods and services Tax may not lead to a loss, Revenue Secretary Arvind Shrivastava told reporters this evening as the new, simplified tax slabs were announced.
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Lower GST On ICE Vehicles Could Stall EV Momentum: HSBC Report
Proposed GST cuts on petrol and diesel vehicles could reduce EVs price advantage, slowing adoption while causing major revenue losses for the government - HSBC.
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Centre, States Equal Stakeholder In GST, Revenues Shared Equally: Report
Amid news regarding the impact of the 'Next Gen GST', government sources clarified that the Centre is an equal partner in revenue sharing with the states and that its proposal anticipates a revenue boost over time, driven by increased consumption.
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After 'Dog Babu' And 'Donald Trump', 'Cat Kumar' Applies For Bihar Residency
A complaint was filed describing the applicant's details as "clearly false and intended as a mockery," and accusing the individual of misusing the online platform to obstruct government work.
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Chip Giants Nvidia, AMD To Give 15% Of China Sales To US Government
Nvidia and AMD have agreed to give the US government 15 per cent of revenue from sales to China of advanced computer chips like Nvidia's H20 that are used for artificial intelligence applications, a US official told Reuters on Sunday.
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Liquor Home Delivery In Kerala? Beverage Body Floats Proposal
The Kerala State Beverages (Marketing & Manufacturing) Corporation Limited (BEVCO) has put forth a proposal to the state government for the home delivery of liquor through online sales.
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"Our Country Deserves Greatness": Trump Defends Steep Tariffs Move
US President Donald Trump on Friday warned of a '1929-style Great Depression' if the court rules against tariffs. The US Court of Appeals for the Federal Circuit, is set to pass judgment on Trump's tariffs.
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"Who Paid For Freebies?" Rekha Gupta, Atishi Face Off In Delhi Assembly
The Delhi Assembly witnessed a no-holds-barred showdown on Thursday as Chief Minister Rekha Gupta and Leader of Opposition Atishi clashed over a report by the Comptroller and Auditor General.
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Health, Quality In Focus In Andhra Pradesh's New Liquor Policy
The Andhra Pradesh government is set to introduce a new liquor policy from September 1, with Chief Minister N Chandrababu Naidu emphasising a shift in focus from revenue generation to public safety.
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GST Collections Rise 7.5% In July To Rs 1.96 Lakh Crore
India's Goods and Services Tax (GST) collections rose to Rs 1.96 lakh crore in July, up 7.5 per cent from the same month previous year, according to government data released on Friday.
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Maharashtra Government To Cancel Fake Birth Certificates Of Bangladeshi Migrants
The Maharashtra government will cancel the fake birth certificates issued to Bangladeshi nationals living illegally in the state by August 15, Revenue Minister Chandrashekhar Bawankule said on Wednesday.
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Snake Rescuers In Maharashtra To Get ID Cards, Accident Insurance: Minister
The Maharashtra government plans to provide snake rescuers with identity cards and accident insurance coverage of Rs 10 lakh to recognise their services in lessening human-wildlife conflicts, Revenue Minister Chandrashekhar Bawankule said.
-
'Rate Cuts Will Boost Consumption': Tax Board Chief On GST 2.0's Revenue Impact
Higher consumption driven by GST rate cuts may contribute to offsetting the government's revenue loss, provided the industry passes on the benefit to consumers, the Central Board of Indirect Taxes and Customs has told NDTV.
-
GST Reforms To Cause Rs 3,700 Crore Revenue Loss To Government: SBI Report
The State Bank of India (SBI), in its latest research report, said that reforms in GST through a reduction in rates will cause a minimal revenue loss of Rs 3,700 crore.
-
Tax Cuts, Sales Boost: Everything You Need To Know About New GST Rates
Finance Minister Nirmala Sitharaman unveiled tax cuts for hundreds of consumer items, from soap to cars, in the biggest overhaul of the goods and services tax (GST), set to take effect from September 22.
-
GST Implication To Be Rs 48,000 Crore, Not Right To Call It Loss: Official
The government's big move to rationalise the Goods and services Tax may not lead to a loss, Revenue Secretary Arvind Shrivastava told reporters this evening as the new, simplified tax slabs were announced.
-
Lower GST On ICE Vehicles Could Stall EV Momentum: HSBC Report
Proposed GST cuts on petrol and diesel vehicles could reduce EVs price advantage, slowing adoption while causing major revenue losses for the government - HSBC.
-
Centre, States Equal Stakeholder In GST, Revenues Shared Equally: Report
Amid news regarding the impact of the 'Next Gen GST', government sources clarified that the Centre is an equal partner in revenue sharing with the states and that its proposal anticipates a revenue boost over time, driven by increased consumption.
-
After 'Dog Babu' And 'Donald Trump', 'Cat Kumar' Applies For Bihar Residency
A complaint was filed describing the applicant's details as "clearly false and intended as a mockery," and accusing the individual of misusing the online platform to obstruct government work.
-
Chip Giants Nvidia, AMD To Give 15% Of China Sales To US Government
Nvidia and AMD have agreed to give the US government 15 per cent of revenue from sales to China of advanced computer chips like Nvidia's H20 that are used for artificial intelligence applications, a US official told Reuters on Sunday.
-
Liquor Home Delivery In Kerala? Beverage Body Floats Proposal
The Kerala State Beverages (Marketing & Manufacturing) Corporation Limited (BEVCO) has put forth a proposal to the state government for the home delivery of liquor through online sales.
-
"Our Country Deserves Greatness": Trump Defends Steep Tariffs Move
US President Donald Trump on Friday warned of a '1929-style Great Depression' if the court rules against tariffs. The US Court of Appeals for the Federal Circuit, is set to pass judgment on Trump's tariffs.
-
"Who Paid For Freebies?" Rekha Gupta, Atishi Face Off In Delhi Assembly
The Delhi Assembly witnessed a no-holds-barred showdown on Thursday as Chief Minister Rekha Gupta and Leader of Opposition Atishi clashed over a report by the Comptroller and Auditor General.
-
Health, Quality In Focus In Andhra Pradesh's New Liquor Policy
The Andhra Pradesh government is set to introduce a new liquor policy from September 1, with Chief Minister N Chandrababu Naidu emphasising a shift in focus from revenue generation to public safety.
-
GST Collections Rise 7.5% In July To Rs 1.96 Lakh Crore
India's Goods and Services Tax (GST) collections rose to Rs 1.96 lakh crore in July, up 7.5 per cent from the same month previous year, according to government data released on Friday.
-
Maharashtra Government To Cancel Fake Birth Certificates Of Bangladeshi Migrants
The Maharashtra government will cancel the fake birth certificates issued to Bangladeshi nationals living illegally in the state by August 15, Revenue Minister Chandrashekhar Bawankule said on Wednesday.
-
Snake Rescuers In Maharashtra To Get ID Cards, Accident Insurance: Minister
The Maharashtra government plans to provide snake rescuers with identity cards and accident insurance coverage of Rs 10 lakh to recognise their services in lessening human-wildlife conflicts, Revenue Minister Chandrashekhar Bawankule said.
