Tag: goods and services tax
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…
Businesses can digitally record ‘goods delivered’ on e-way bill portal: GSTN
New Delhi, GST registered businesses can now digitally record delivery of goods for which a e-way bill was generated on the portal, GST Network said….
IMEC momentum to boost Karnataka exports amid global trade disruptions
Bengaluru: Karnataka’s exporters are set to benefit as the India-Middle East-Europe Economic Corridor (IMEC) gathers momentum as an alternative to traditional maritime choke points, a…
MoSPI proposes Index of Service Production with 2024-25 as base year
The statistics ministry on Monday proposed using Goods and Services Tax (GST) data to develop an Index of Services Production (ISP) for the formal sector…
India’s economy puts up brave front as GST, auto sales and UPI payments surge despite Gulf war
New Delhi: High-frequency indicators released at the end of the fiscal year signalled that India’s economy has stayed resilient despite disruptions stemming from the Gulf…
At 7.8%, December IIP growth zooms to over two-year high
New Delhi: India’s industrial output climbed to a 26-month high of 7.8% year-on-year in December, driven by manufacturing activity, goods and services tax (GST) rationalisation…