Tag: goods and services tax
India is past Japan. What will it need to overtake Germany?
India’s emergence as the world’s fourth-largest economy is a landmark shift in the global economic hierarchy. According to the Press Information Bureau’s recent release “2025:…
Going full steam: India’s industrial output scales 2-year peak, rises 6.7% in Nov
New Delhi: India’s industrial output surged to the highest in more than two years in November, buoyed by a sharp rebound in manufacturing as demand…
Parliament approves Central Excise (Amendment) Bill, 2025 to levy excise duty on tobacco
Parliament on Thursday approved a bill to levy a higher excise duty on tobacco and related products once the GST compensation cess ends, with the…
November GST mop-up grows slowest in fiscal due to rates revamp
New Delhi: India’s gross goods and services tax (GST) collection increased a modest 0.7% year-on-year in November to ₹1.70 lakh crore, the lowest so far…
India’s Industrial output at 14-month low in October
New Delhi: India’s industrial output fell to a 14-month low of 0.4% year-on-year in October from 4.6% in September, as the impact of the goods…
GST collections soften in November 2025 in the aftermath of rationalisation move| Business News
India’s GST collections softened in November 2025 due to the rationalisation move that reduced the indirect tax of hundreds of items. GST collections are up…
Union Budget FY27: Economists back growth push, urge Sitharaman to sustain capex and deepen reforms
New Delhi: India’s strong economic expansion, low inflation and a reasonable fiscal deficit give the government the necessary space to unveil a growth-supportive budget for…
GSTAT: The missing piece in India’s GST framework finally falls in place
Eight years! That’s how long it has finally taken for the Goods and Services Tax Appellate Tribunal (GSTAT) to become operational since the launch of…
GST collections rise 4.6% to Rs 1.96 lakh crore in October despite tax cuts
Goods and Services Tax (GST) collection rose 4.6% in October, amounting to Rs 1.96 lakh crore, compared to Rs 1.97 lakh crore in October 2024,…
High US tariffs to cut Indian leather industry revenue by 10-12% this fiscal: Crisil Ratings
Revenues of Indian leather and allied product firms will decline by 10-12 percent this fiscal following the steep 50 percent tariffs imposed by the US,…