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NEW DELHI: States should undertake reforms aimed at reducing regulatory overreach and fostering business confidence, Rajeev Gauba, member of govt's policy think tank Niti Aayog, said on Thursday.Gauba also highlighted the potential for collaboration between Niti Aayog and DPIIT (department for promotion of industry and internal trade) to support states in adopting a principle-based approach to decriminalisation. He was speaking at a high-level workshop on ease of doing business and investment pr ...Read More >
New Delhi: GST collections grew 6.2% to Rs 1,84,597 crore in June, marking the slowest pace of expansion since last September. The numbers for transactions in May indicated weak demand as collections from domestic sources rose 4.6% to Rs 1,38,906 crore, while those from imports clocked double-digit growth of 11% and reached Rs 45,690 crore.There was double-digit growth during April and May, resulting in average monthly collections of over Rs 2 lakh crore so far this year. The latest GST data com ...Read More >
Jammu, July 01: The Goods and Services Tax (GST), introduced across India on July 1, 2017, marked a transformative shift in the country's indirect tax regime, replacing a complex web of central and state taxes with a unified, consumption-based tax system.In Jammu and Kashmir, the implementation of GST faced distinct challenges but has since played a pivotal role in fostering economic integration and growth.Unlike other states, J&K required specific legislative measures to adopt the Central Goods ...Read More >
Bengaluru: The Central Goods and Services Tax (CGST)-Bengaluru zone marked the eighth anniversary of the introduction of Goods and Services Tax (GST) with Karnataka celebrating a significant milestone. The state recorded a robust GST revenue of about Rs 1.6 lakh crore in the financial year 2024-25, securing its position as the second-highest GST-contributing state in the country after Maharashtra.Karnataka's rising tax contribution reflects the state's growing economic activity and expanding tax ...Read More >
New Delhi: Central and state governments collected ₹1.85 trillion in Goods and Services Tax (GST) revenue in June, reporting a 6.2% annual improvement, although the revenue receipt was the lowest in four months. The moderation from the more than ₹2 trillion-level seen in the first two months of the current financial year comes on account of a sharp reduction in tax collection from domestic transactions. GST on imported items also witnessed some moderation in June. However, cumulatively, in the ...Read More >
NEW DELHI: As the Goods and Services Tax (GST) marked its eighth anniversary on Tuesday, Prime Minister Narendra Modi called it a "landmark reform" that has reshaped India's economic landscape and strengthened cooperative federalism.Introduced on July 1, 2017, GST replaced multiple indirect taxes with a single national system. In a post on X, Modi said the reform has "greatly improved" the ease of doing business, particularly for small and medium enterprises, and helped make states "equal partne ...Read More >
India's Goods and Services Tax (GST) collection for June reached Rs 1.85 lakh crore, reflecting a 6.2% rise from the previous year, according to government data released on Tuesday. However, this figure shows a decline when compared to the preceding months of April and May 2025. In April 2025, GST collections hit a record high of Rs 2.37 lakh crore, followed by Rs 2.01 lakh crore in May. Despite the month-on-month decrease, the overall annual collection for FY25 has shown significant growth. T ...Read More >
New Delhi, July 1 (SocialNews.XYZ) Prime Minister Narendra Modi on Tuesday said that eight years have passed since GST was introduced, and it stands out as a landmark reform that has reshaped India's economic landscape. "By reducing the compliance burden, it has greatly improved the Ease of Doing Business, particularly for small and medium enterprises", PM Modi stated. "GST has also served as a powerful engine for economic growth, while fostering true cooperative federalism by making states eq ...Read More >
New Delhi: Prime Minister Narendra Modi has remarked that eight years since GST was introduced, it stands out as a landmark reform that has reshaped India's economic landscape. "By reducing the compliance burden, it has greatly improved the Ease of Doing Business, particularly for small and medium enterprises", Shri Modi stated. The Prime Minister posted on X: "Eight years since it was introduced, GST stands out as a landmark reform that has reshaped India's economic landscape. By reducing the ...Read More >
New Delhi, Jul 1 (PTI) On the eighth anniversary of the Goods and Services Tax (GST) roll out, Prime Minister Narendra Modi on Tuesday said the indirect tax regime stands out as a landmark reform that has reshaped India's economic landscape. He said on X, "By reducing the compliance burden, it has greatly improved the ease of doing business, particularly for small and medium enterprises. GST has also served as a powerful engine for economic growth, while fostering true cooperative federalism by ...Read More >
New Delhi, Jul 1 (PTI) The focus of the Goods and Services Tax (GST), which completes eighth year on Tuesday, will now be on promoting ease of doing business, ensuring stronger compliance and fostering broader economic inclusion, the finance ministry said. The GST, which was implemented from July 1, 2017, has unified 17 taxes and 13 cesses, creating a seamless national market by simplifying compliance and digitising tax systems. It has also expanded the taxpayer base and strengthened cooperativ ...Read More >
Maharashtra Assembly Monsoon Session: Nana Patole and other MVA legislators protested against alleged derogatory remarks by Agriculture Minister Manikrao Kokate and BJP MLA Babanrao Lonikar about farmers. Congress MLA Nana Patole was suspended for a day from the Maharashtra Legislative Assembly Tuesday after he climbed Speaker Rahul Narwekar's podium amid aggressive protests by the Opposition Maha Vikas Aghadi MLAs. On the second day of the Monsoon Session, MVA legislators staged a protest aga ...Read More >
Bhopal: A search by the Meghalaya police in a flat of father-in-law of Shalom James, an Indore-based property dealer arrested on charges of destroying evidence in the killing of Raja Raghuvamsi allegedly by his wife Sonam during their honeymoon in Shillong last month, in Ratlam in Madhya Pradesh, has yielded a laptop, a pen drive, jewelry and incriminating documents, believed to be belonging to the couple, sources said on Monday. The search was conducted in the flat of Manoj Gupta, father-in-la ...Read More >
New Delhi: With the completion of eight years, implementing the goods and services tax (GST) -- one of the country's biggest tax reforms, India has broken all the stereotypes by showcasing a perfect balance between Centre and state administrations and coming together to make decisions and resolve issues as well. Back on July 1, 2017, the GST was rolled out with a promise that the country will bring 'one nation, one tax' by merging various indirect taxes under one umbrella. As of today, it is pa ...Read More >
New Delhi: With 15 million registered taxpayers and robust growth in the revenue receipts, the Goods and Services Tax (GST) ecosystem is continuing to evolve with a focus on ease of doing business, better compliance and wider economic participation, the finance ministry said on Monday as the indirect tax system completed eight years. Annual revenue from GST, introduced on 1 July 2017, has doubled to ₹22.08 trillion in FY25 from five years ago and micro, small and medium enterprises are finding ...Read More >
NEW DELHI: India's Goods and Services Tax (GST) collection for the financial year 2024-25 touched a record high of Rs 22.08 lakh crore, marking a 9.4 per cent increase compared with the previous year, the government announced on Monday. The average monthly collection for the year stood at Rs 1.84 lakh crore. The government highlighted that GST revenues have more than doubled in just five years. In 2020-21, the total collection was Rs 11.37 lakh crore, with an average monthly figure of Rs 95, 0 ...Read More >
New Delhi: On July 1, 2025, the Goods and Services Tax (GST) will complete eight years since its rollout. It was introduced in 2017 as a major step towards economic integration. GST replaced a maze of indirect taxes with a single and unified system. It made tax compliance easier, reduced costs for businesses and allowed goods to move freely across states. According to the government, by improving transparency and efficiency, GST helped lay the foundation for a stronger and more integrated econom ...Read More >
India's Goods and Services Tax (GST) collections have doubled in the past five years, reaching a record ₹22.08 lakh crore in FY25, a 9.4% year-on-year growth. The average monthly GST collection in FY25 stood at ₹1.84 lakh crore, improving from previous years. Since its launch in 2017, GST has seen consistent growth, with registered taxpayers rising to over 1.51 crore.India's gross Goods and Services Tax (GST) collections have doubled over the past five years to reach a record ₹22.08 lakh crore i ...Read More >
New Delhi, Jun 30 (PTI) Gross GST collections doubled in five years to reach an all-time high of Rs 22.08 lakh crore in the 2024-25 fiscal year, from Rs 11.37 lakh crore in FY21, government data showed on Monday. The gross goods and services tax (GST) collections touched its highest-ever level of Rs 22.08 lakh crore in 2024-25, registering a 9.4 per cent growth over the previous fiscal year. The average monthly collection stood at Rs 1.84 lakh crore in FY25, up from Rs 1.68 lakh crore in FY24 ...Read More >
New Delhi: The Goods and Services Tax (GST) on July 1 2025, marks eights years since its launch. GST was introduced in 2017 and was a landmark reform taht simplified India's complex indirect tax system by bringing multiple state and central taxes under one roof. It aimed to make tax compliance easier, reduce business costs, and enable smoother movement of goods across states. Over the years, GST has boosted transparency, improved efficiency, and strengthened the foundation of a more unified nati ...Read More >
KOLKATA: The political slugfest following the gang-rape of a law student inside a college continued Saturday as TMC took pains to distance itself from the "misogynistic remarks" of its own netas, emphasising instead the "quick action taken against the accused". Opposition, however, questioned security for women at workplaces and educational institutes and "promised to stay on the roads"."The remarks by MP Kalyan Banerjee and MLA Madan Mitra concerning the heinous crime were made in their persona ...Read More >
New Delhi [India], June 28 (ANI): The Appointments Committee of the Cabinet has approved the re-appointment of Ravi Agrawal, as Chairman of the Central Board of Direct Taxes (CBDT) on a contract basis for one year, effective from July 1, 2025, to June 30, 2026, or until further orders, according to an official order. Last year, Agrawal, a 1988-batch IRS officer, was appointed as the new chairman of the Central Board of Direct Taxes, the administrative body for the Income Tax Department. With t ...Read More >
New Delhi [India], June 28 (ANI): The Appointments Committee of the Cabinet has approved the re-appointment of Ravi Agrawal, as Chairman of the Central Board of Direct Taxes (CBDT) on a contract basis for one year, effective from July 1, 2025, to June 30, 2026, or until further orders, according to an official order. Last year, Agrawal, a 1988-batch IRS officer, was appointed as the new chairman of the Central Board of Direct Taxes, the administrative body for the Income Tax Department. Also R ...Read More >
Bengaluru Power Cuts: Citizens of Bengaluru brace yourself for long hours of power outages from June 29 and June 30. More than 100 areas will be impacted as BESCOM undertakes its quarterly maintenance work in various of its division. Bengaluru Power Outages June 29: According to the update by BESCOM on its X handler, there will be power outages in Kittaganahalli, Palasandra, Saptagiri, Maruthinagar, Sankapur, Raghavendra Nagar, Goolarivee, Baddihalli, Kesaramadu, C.M Badawan, Kalalli and SKS v ...Read More >
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