- 01 Aug 2022 01:10 PM
- New
Impact of GST on Agricultural/ Cloth/ Footwear Items
Source: https://taxguru.in/goods-and-service-tax/impact-gst-agricultural-cloth-footwear-items.html
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA UNSTARRED QUESTION NO. 1349 TO BE ANSWERED ON MONDAY, JULY 25TH 2022
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- 01 Aug 2022 01:17 PM
- New
GST July collections at ₹1.49 trillion, second highest ever
NEW DELHI : Central and state governments collected ₹1.49 trillion in Goods and Services Tax (GST) in July, the second-highest mop-up since the rollout of the indirect tax regime five years ago in July 2017.
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- 01 Aug 2022 01:38 PM
- New
Mint Mid-Day Digest: Manufacturing PMI soars, GST revenue at ₹1.49 lakh crore
India’s manufacturing PMI hits 8-month high in July
India’s manufacturing activity grew at its fastest pace in eight months in July, driven by better demand conditions and a pick-up in sales, showed a private survey on Monday. Read more
- 01 Aug 2022 04:18 PM
₹1,48,995 crore gross GST revenue collected in the month of July 2022
GST Revenue collection for July second highest ever & 28% higher than the revenues in the same month last year
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- 30 Jul 2022 03:12 PM
Fiscal deficit widens to 21% in Q1; core sector growth slows
India’s fiscal deficit widened to touch 21% of the budget target for the fiscal year in the first quarter of 2022-23 after capital expenditure increased sharply but overall revenue recorded only a moderate rise.
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- 30 Jul 2022 03:18 PM
Price rise debate in Lok Sabha likely on Monday amid Opposition protests
NEW DELHI : The Lok Sabha had been marred with several adjournments since it commenced the monsoon session on 18 July. Opposition MPs were suspended after they protested about the price rise in the nation. The suspended MPs since then has been on a 50 hour day night protest in front of the Mahatma Gandhi statue to open dialogue on the issue of price rise in India.
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- 30 Jul 2022 03:22 PM
No new tax or VAT increase in Uttar Pradesh: CM Yogi Adityanath
Uttar Pradesh Chief Minister Yogi Adityanath said that keeping in mind the larger public interest, the Uttar Pradesh government has neither increased the VAT and nor has imposed any new tax in the state.
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- 29 Jul 2022 11:39 AM
Hotel association asks for GST rationalisation
The Federation of Associations in Indian Tourism & Hospitality (FAITH), a policy federation of all ten associations representing tourism, travel and hospitality industries has asked for five rationalisation measures for its sectors. It said restaurants should also be allowed the option of charging GST at 12% with full input tax credits and the rate should be delinked from any room tariffs if they are part of hotels.
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- 28 Jul 2022 01:22 PM
The value segment consumer reels under high inflation
It’s a bit of a Catch-22 for Vineet Rao, CEO of Jaipur-based e-commerce startup DealShare, which sells groceries, essentials and home care products. He’s not sure whether to hail or slam the recently imposed 5% GST on certain unbranded, packaged food items such as rice, wheat, flour and pulses notified by the government this month. GST will be levied on pre-packaged and labelled (non-registered brand names) goods and will be applicable on single packages of food items like cereals, pulses etc., weighing up to 25 kg.
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- 27 Jul 2022 01:35 PM
Why rapid economic growth may follow high inflation
In every aspect of life, we have choices and what we choose depends on us. The choices we make mould us. If we see threats, we will be on the back foot, and if we see an opportunity, we work towards making the most of it. Today, economies across the world are being reset on account of inflation inflicted by geo-political turbulence and action taken by some of the most powerful countries in dealing with their economies. The impact of their decisions can be felt worldwide.
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