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Asian Development Bank Forecasts India's Growth At 6.5% For FY26
Despite a strong 7.8 per cent growth in the first quarter, the Indian economy is expected to grow at 6.5 per cent in the current financial year ADB said on Tuesday.
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Million-Dollar Wedding Draws Scrutiny As Pakistan Scans Social Media In Tax Hunt
Diamond sets and a drone light show at a near-million-dollar wedding have become evidence for Pakistan's tax authorities under a new "Lifestyle Monitoring Cell" tasked with scanning social media for lavish spenders, officials said.
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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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'Spurt In Consumption To Meet Fiscal Deficit Target Of 4.4%': Nirmala Sitharaman
Finance Minister Nirmala Sitharaman has expressed confidence that revenue buoyancy driven by spurt in consumption will take care of the estimated GST shortfall of Rs 48,000 crore following reduction in tax rates on a host of items
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"States Need To Be Compensated For Revenue Losses": P Chidambaram On GST Move
P Chidambaram -- Congress's former Union Minister who handled the finance portfolio -- said today that while the rationalisation of the Goods and Services Tax law is welcome, it is eight years too late.
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GST Revamp: How Opposition-Ruled States Came On Board
The rationalisation of Goods and Services tax, done eight years after the flagship reforms were initiated, took place after a clear directive from Prime Minister Narendra Modi delivered from the ramparts of the Red Fort on Independence Day.
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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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Keep 2, Eliminate 2. Rationale Behind Proposed New GST Rates Explained
Rationalisation of the GST framework - a process that began this morning with Finance Minister Nirmala Sitharaman chairing a GST Council meet - is based on sharp differences in revenue collected under each of the existing four slabs.
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Opposition States Seek Compensation For Revenue Loss Due To GST Reform Proposal
Opposition-ruled states on Friday said the Centre's proposal for GST rate reforms could result in a revenue loss of about Rs 1.5 crore to Rs 2 lakh crore and demanded compensation for the losses incurred by them.
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What Is A Digital Services Tax That Can Increase Trump Tariffs
A Digital Services Tax (DST) is a levy on the revenue that large digital companies earn from users in a country, even if the company has no physical office there.
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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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"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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Trump Injects New Dose Of Uncertainty In Tariffs As He Pushes Start Date To August 7
When Trump signed the order Thursday night imposing new tariffs, the start date of the punishing import taxes was pushed back seven days.
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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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Asian Development Bank Forecasts India's Growth At 6.5% For FY26
Despite a strong 7.8 per cent growth in the first quarter, the Indian economy is expected to grow at 6.5 per cent in the current financial year ADB said on Tuesday.
-
Million-Dollar Wedding Draws Scrutiny As Pakistan Scans Social Media In Tax Hunt
Diamond sets and a drone light show at a near-million-dollar wedding have become evidence for Pakistan's tax authorities under a new "Lifestyle Monitoring Cell" tasked with scanning social media for lavish spenders, officials 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.
-
'Spurt In Consumption To Meet Fiscal Deficit Target Of 4.4%': Nirmala Sitharaman
Finance Minister Nirmala Sitharaman has expressed confidence that revenue buoyancy driven by spurt in consumption will take care of the estimated GST shortfall of Rs 48,000 crore following reduction in tax rates on a host of items
-
"States Need To Be Compensated For Revenue Losses": P Chidambaram On GST Move
P Chidambaram -- Congress's former Union Minister who handled the finance portfolio -- said today that while the rationalisation of the Goods and Services Tax law is welcome, it is eight years too late.
-
GST Revamp: How Opposition-Ruled States Came On Board
The rationalisation of Goods and Services tax, done eight years after the flagship reforms were initiated, took place after a clear directive from Prime Minister Narendra Modi delivered from the ramparts of the Red Fort on Independence Day.
-
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.
-
Keep 2, Eliminate 2. Rationale Behind Proposed New GST Rates Explained
Rationalisation of the GST framework - a process that began this morning with Finance Minister Nirmala Sitharaman chairing a GST Council meet - is based on sharp differences in revenue collected under each of the existing four slabs.
-
Opposition States Seek Compensation For Revenue Loss Due To GST Reform Proposal
Opposition-ruled states on Friday said the Centre's proposal for GST rate reforms could result in a revenue loss of about Rs 1.5 crore to Rs 2 lakh crore and demanded compensation for the losses incurred by them.
-
What Is A Digital Services Tax That Can Increase Trump Tariffs
A Digital Services Tax (DST) is a levy on the revenue that large digital companies earn from users in a country, even if the company has no physical office there.
-
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.
-
"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.
-
Trump Injects New Dose Of Uncertainty In Tariffs As He Pushes Start Date To August 7
When Trump signed the order Thursday night imposing new tariffs, the start date of the punishing import taxes was pushed back seven days.
-
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.
