The services sector is expected to be the primary driver of GDP growth in Q1 FY25. Despite reduced government spending ahead of the elections, which is likely to dampen growth in some service sectors, financial, real estate, and professional services are expected to have performed well.
The Cabinet also approved a proposal to set the Annual License Fee (ALF) for FM channels at 4 per cent of Gross Revenue, excluding Goods and Services Tax (GST). This will apply to the 234 new cities and towns.
Union Finance Minister Nirmala Sitharaman on Friday urged officers of the Central Board of Indirect Taxes and Customs (CBIC) to proactively address doubts and concerns raised by the public and business community regarding taxes before they escalate into grievances.
GST collections in the initial months of FY25 have seen a notable surge, driven by a broader tax base and heightened economic activity. This level shift in GST collections reflects sustained economic engagement, bolstered further by a double-digit increase in e-way bill generation, indicatin
The stage is set for a new era of growth fuelled by recent reforms and strategic initiatives of the government. Over the past decade, key reforms such as the Make in India initiative, the Unified Payments Interface (UPI), the Real Estate Regulatory Authority (RERA), the Insolvency and Ban
"Bapu's khadi is being denied its identity. The Government has failed to regulate the market, and khadi spun from semi-mechanised charkhas is being sold indiscriminately, and under the same tag as traditional hand-spun khadi. This is to the detriment of our khadi spinners, whose wages do not
The Central Bureau of Investigation (CBI) on Tuesday registered a case against two officers of the GST Commissionerate of Hyderabad on the allegations of bribery, the agency said in a release.
New Delhi [India], August 13: The GST tax system was first introduced in 2017 in India. As of the present year records, the number of tax filers has increased from 68% (FY 2017-2018) to 90%. Various software has been launched to ease the process of filing the return.
The 54th Meeting of the Goods and Services Tax Council or GST Council, will be held on 9th September, 2024 in New Delhi, the GST Council said in a post on social media platform "X" on Tuesday.
In a massive crackdown, the Anti-Corruption Branch (ACB) of Delhi has uncovered a scam involving fraudulent GST refunds within the Trade & Taxes department of the Delhi Government and arrested a Goods and Service tax officer Delhi along with six associates.
Seven people were arrested fo
Pulling a thread from where Finance Minister Nirmala Sitharaman left yesterday during her discussion on Finance Bill 2024-25 in the Lok Sabha, she said on Thursday fitment committee that looks after GST related proposals have members from all states, including from the Opposition ruled state