Thu, Jun 24, 2021
Revenues of India's top 10 states, which plunged 600 basis points (bps) last fiscal, are set to exceed the pre-pandemic or fiscal 2020 - levels by 600 bps this fiscal. The recovery would be driven by higher tax buoyancy, rise in sales tax collections from petroleum products (such as petrol and diesel) coupled with increase in grants as per the recommendations of the Fifteenth Finance Commission.
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Wed, Jan 10, 2018
Earlier, GST Council had fixed the deadline for filing GSTR-1 till December 31, 2017
Sat, Nov 18, 2017
These directions were issued to all joint excise and taxation commissioners (Range/Appeals) and deputy excise and taxation commissioners (sales tax) for monitoring and enforcement of provisions relating to composition taxpayers under the Goods and Services Tax (GST), a spokesman of the department said.
Tue, Jul 11, 2017
Gold premiums in India jumped to $10 an ounce in the last week of June, the highest level in 7-1/2 months.
Sun, May 21, 2017
Revenue Secretary Dr Hasmukh Adhia has said that the government's soon-to-be-implemented goods and services tax (GST) will lead to fall in the country's inflation by 2% and will not rise on account of special care taken by the Finance Ministry to keep inflation under control.
Fri, Feb 17, 2017
GST Council headed by FM Arun Jaitley is likely to finalise the draft model GST law including final drafting of the anti-profiteering clause on February 18, Saturday.
Thu, Jan 26, 2017
That is raising concern among some economists and investors that the government will take too many fiscal risks.
Tue, Jan 24, 2017
As the Government of India prepares to announce its Union Budget 2017-18 in February, its unlikely to budget a fiscal deficit target higher than 3.5% of gross domestic product (GDP) for the fiscal year 2017-18 (FY18), said ICRA in its latest report on Budget 2017 expectations.
Fri, Dec 30, 2016
Government's direct tax kitty has swelled to Rs 5.57 lakh crore between April 1 and December 19, thereby achieving 65 per cent of budget estimates.
Tue, Aug 02, 2016
The crucial Goods & Services Bill (GST) may finally be in the final stages of being approved by the Rajya Sabha where it has been stuck for over an year.
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