Tag: goods and services tax
India’s new GDP series: GST, corporate data drive new methodology
New Delhi: India’s new gross domestic product series makes greater use of corporate filings, goods and services tax records and labour surveys, the statistics ministry…
India set to sustain 6.5-7% real GDP growth, nominal growth seen at 11-12%: Jefferies
India is on track to record real GDP growth of 6.5-7 per cent in the current fiscal year, while nominal GDP growth is expected to…
India placed better in economy despite global challenges, says FM Sitharaman
India is in a stronger economic position despite challenges facing the world, Union Finance Minister Nirmala Sitharaman said on Wednesday, while calling for a more…
Japan’s JCRA upgrades India’s sovereign rating to A-, cites strong growth, financial stability
The Japan Credit Rating Agency (JCR) has upgraded India’s sovereign credit rating by one notch to A- from BBB+, citing the country’s sustained high economic…
India’s Q1 GDP growth quickens to 7.8% as consumption, capex offset US-Iran war shock
India’s gross domestic product (GDP) quickened to 7.8% in the first quarter of FY27, up from revised 6.9% in the same quarter last year, as…
In Graphics: How GST cuts triggered a rally for Indian businesses
The rationalisation in the goods and services tax rates last September delivered a larger-than-expected expansion in the tax base, with higher taxable supplies more than…
As GST turns 10, focus shifts to AI-led compliance, faster refunds, simpler tax processes
New Delhi: As India enters the tenth year of rollout of the Goods and Services Tax, the focus is shifting from implementation to efficiency through…
GST wins India Inc’s vote, but businesses seek faster refunds and smarter reforms: Deloitte
Nearly nine years after the rollout of the Goods and Services Tax (GST), India’s corporate sector appears to have overwhelmingly embraced the indirect tax regime,…
Norms issued to estimate District Domestic Product
New Delhi: The statistics ministry on Wednesday released uniform guidelines for estimating district domestic product (DDP), introducing standardised indicators, sector-specific estimation methodologies, and a greater…
May GST collections up 3% to ₹1.94 lakh crore
The gross Goods and Services Tax (GST) revenue in May rose 3.2% year-on-year to ₹1.94 lakh crore from ₹1.88 lakh crore in the same month…