Goods and Services Tax

What Has Become Cheaper And What Has Become Expensive After GST Council Meeting? Check | Economy News

New Delhi: The 54th meeting of the GST Council took some major decisions on reducing taxes on certain essential items, while taxes on a couple of items has been hiked. The GST Council, comprising the Union Finance Minister and representatives from all States and Union Territories, was established in 2017, to make decisions on various […]

ABHISEK RAJPUT

September 10, 2024

Will GST On Health, Life Insurance Premiums Be Reduced? GST Council To Finalise Tax Cuts In November, Sets Up GoM | Economy News

New Delhi: The GST Council on Monday reached a broad consensus on reducing taxes on health and life insurance premiums, and a final decision on this would be taken in the November meeting. The Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, exempted from GST grants or funds received for R&D […]

ABHISEK RAJPUT

September 10, 2024

18% GST On Transactions Up To Rs 2,000: Payment Aggregators Rue Lack Of Clarity, Merchants Concerned | Economy News

The Goods and Services Tax (GST) Council is considering a proposal to impose an 18% GST on payment aggregators (PAs) for processing small digital transactions up to Rs 2,000 via debit and credit cards. This proposal is expected to be discussed at the Council’s meeting on September 9, according to a CNBC-TV18 report. As per […]

ABHISEK RAJPUT

September 9, 2024

State-Wise Growth Of GST Revenues During August 2024 –Check Full List | Economy News

New Delhi: Gross GST collections grew 10 percent to about Rs 1.75 lakh crore in August, government data released on Sunday showed. Led by higher domestic consumption, gross GST revenues from domestic transactions grew 9.2 per cent to about Rs 1.25 lakh crore. Check State-wise growth of GST Revenues (Domestic) during August, 2024 […]

ABHISEK RAJPUT

September 2, 2024

GST Collections In August Rise 10% Year-On-Year At Rs 1.74 Lakh Crore | Economy News

New Delhi: Goods and Services Tax (GST) collections in August, in gross terms, were at Rs 1.74 lakh crore, with a yearly jump of 10 per cent, data showed on Sunday. In August 2023, the total collection was to the tune of Rs 1.59 lakh crore. CGST, SGST, IGST, and cess all increased year-on-year in […]

ABHISEK RAJPUT

September 1, 2024

GST Collections Rise 10.3% In July 2024: Check State-Wise Growth Of GST Revenues | Economy News

New Delhi: GST collections in July rose 10.3 percent to over Rs 1.82 lakh crore, mainly driven by domestic transactions in goods and services, official data released on Thursday showed. Total refunds stood at Rs 16,283 crore in July. Net Goods and Services Tax (GST) collection after accounting for refunds was over Rs 1.66 lakh […]

ABHISEK RAJPUT

August 2, 2024

7 Years Of GST Today: GST Exemption For Start-Ups And Small Businesses | Personal Finance News

New Delhi:First implemented on July 1, 2017, the Goods and Services Tax (GST) is seven years old today. GST is a single, integrated tax system combining several levies imposed by the central and state governments. Customers are required to pay the GST tax, which is levied on the final product pricing. The seller sends the […]

ABHISEK RAJPUT

July 1, 2024

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GST Collection For May At Rs 1.73 Lakh Crore, Up 10% YoY | Economy News

New Delhi: The Goods and Services Tax (GST) collections for May came in at Rs 1.73 lakh crore, a 10 per cent growth (year-on-year), driven by a strong increase in domestic transactions and slowing of imports, the Centre said on Saturday. The gross GST collections in the FY2024-25, till May, stood at Rs 3.83 lakh […]

ABHISEK RAJPUT

June 1, 2024

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