The Government e-Marketplace (GeM) is set to use AI and machine learning technology to facilitate orders on the GeM portal, according to a release on Thursday.
The SBI report adds that the various avenues of income for the government such as corporate tax, income tax, customs duty, excise duty, Goods and Services Tax, Net tax revenue, and non-tax revenue have shown a better than estimated revenue collections not only in FY24 but also in the first t
As the Goods and Services Tax (GST) legislation completed seven years today, a 'GST Day' event was celebrated at the GST and Central Excise Commissionerate, Coimbatore on Monday, on the theme of Strong Business; Overall Development.'
Goods and Services Tax (GST), a key tax reform in India's history, has turned seven years on Monday. In the intervening period, many consumer-centric moves were taken under this new taxation regime.
Zomato the food delivery company has received a GST (Goods and Service Tax) demand notice of Rs 9.5 cr, the company informed the exchange in a filing on Sunday.
Addressing a gathering in Mumbai at an event organised by the Gems and Jewellery Export Promotion Council (GJEPC), he said, "We expect that this year will see positive growth in goods and services exports, our exports will be around USD 800 billion."
Union Home Minister Amit Shah said on Monday that Prime Minister Narendra Modi introduced the Goods and Services Tax to give relief to the citizens and that the Centre is resolved to bring in more reforms to improve the lives of the citizens.
The PM also highlighted that after the implementation of GST, the savings of the poor and the common man have increased as the GST has reduced taxes on various household items like flour, curd, detergent etc.
Students from across the nation expressed their gratitude to Prime Minister Narendra Modi for the Union Cabinet's decision to remove Goods and Services Tax (GST) on paying guest (PG) and hostel accommodation.
Union Finance Minister Nirmala Sitharaman will be presiding over the meeting. The state ministers, along with other stakeholders, will table their requests during the meeting.
The GST council is likely to consider an amendment to the Goods and services tax Act to quash retrospective tax demands. The proposal was suggested by law committee, to address tax notices, where lower taxes were paid due to interpretation issues or lack of clarity in the law.
"I remember that the Prime Minister had said that corruption in our ministries has been eradicated. So it seems that this (NEET) is not a case of corruption, this is a matter of goods and services," Sibal quipped.