The Goods and Services Tax (GST) collections in August, in gross terms, rose 6.5 per cent to about 1.86 lakh crore compared to about 1.74 lakh crore in the same month last year, according to official data released Monday.
Despite global headwinds ranging from tariff volatility to geopolitical tensions, NSE's Macro Review report notes that India's GDP momentum could ease over in next few quarters as higher tariffs begin to weigh on exports. At the same time, a possible rationalisation of GST rates ahead of the
Real GDP has been estimated to grow by 7.8 per cent in Q1 of FY 2025-26 over the growth rate of 6.5 per cent during Q1 of FY 2024-25. Nominal GDP has witnessed a growth rate of 8.8 per cent in Q1 of FY 2025-26.
A division bench of Chief Justice G.S. Sandhawalia and Justice Ranjan Sharma, in its order dated August 28, observed, "Apparently, the Authorities of the NHAI are turning a blind eye even to maintain the premium Highway."
He backed his argument by stating that the measures taken by the government, such as direct tax cuts, forthcoming GST tax structure reforms, and the employment-linked incentives, among others, are supportive of the overall economy.
According to Dawn, the traders' demands are aligned with recommendations of the PoGB cabinet, which had asked the federal government to declare the region a non-tariff area. The cabinet urged Islamabad to exempt the people from sales tax and income tax on goods imported from China and ens
Brazil's President Lula said his government will not immediately retaliate against US tariffs and seeks trade talks with President Trump. While the US imposes 50% taxes on Brazilian exports, Brazil is exploring legal measures but prioritizes negotiation, emphasizing it will not compromise it
The judges noted that Trump's unprecedented tariffs are an overstep of his power because the ability to impose taxes, including tariffs, is "a core Congressional power" that the Constitution grants to the legislative branch.
Jaipur (Rajasthan) [India], August 29: Jaipur-based NRI tax consultancy firm, SaveTaxs strengthened its position as an industry leader by successfully processing more than 250,000 applications, since its inception in 2023.
The Indian automobile industry is expected to receive a major demand push as optimism builds over a potential Goods and Services Tax (GST) rate reduction, according to a recent report by Jefferies. The proposed tax rationalization, likely to be announced early next month is likely to bene