Sat, Jul 14, 2018
One year of GST: 12 months have already passed since the goods and services tax (GST) was rolled out by PM Narendra Modi.
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Mon, Jul 02, 2018
Currently, GST has five tax bracket namely 0%, 5%, 12%, 18% and 28% and is followed as a dual tax regime in India.
Modi will remembered as the man who changed an entire face of India financial system with reforms like demonetisation and GST.
One year of GST: The response has been mixed with some left confused about the digitized process and its norms.
Sun, Jul 01, 2018
One year of GST: Consumers saw a small increase in costs of purchasing financial products and availing financial services.
One year of GST: Much to the disappointment of the common man, prices of many daily use products jumped after GST was implemented. FMCG was one of the major sector that witnessed structural change on account of GST.
Revenue collection under the Goods and Services Tax (GST) in June crossed Rs 95,000 crore and was higher than the average monthly collection of Rs 89,885 crore during 2017-18, the government said on Sunday.
One year of GST: The goods and services tax (GST) has wrought major changes in India, but it needs to also note the revenue generated from this regime fell short of government’s FY18 target as well.
One year of GST: Prime Minister Narendra Modi today hailed the Goods and Services Tax (GST) as it has changed the Indian economy and impacted the public in many positive ways. Here is what PM Modi said:
Over Rs 19,000 crores have been collected as Central tax on tobacco till January in financial year 2016-17, while the figure for 2014-15 and 2015-16 stand at Rs 22,174 crores and Rs 19,977 crores, respectively.
GST may not have evolved into a one-nation-one-tax, it did abolish string of taxes that we couldn't have counted even on the fingers of both hands.
One year of GST: The government will soon start a helpline number where consumers can complain against traders who do not issue bill on purchase of any article, Union Minister Piyush Goyal has said
One year of GST: The larger goal of broadening the tax base has certainly hit the right chords with the Economic Survey 2017-18 showing that there were 9.8 million new GST registrants.
One year of GST: Indian government has structured GST for efficient tax collection, reduction in corruption, easy inter-state movement of goods etc.
One year of GST: Among many fundamental features of GST, one is the seamless flow of input credit across the chain (from the manufacture of goods till it is consumed) and across the country.
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