- 06 Jul 2024 06:39 PM
- New
Bajaj Auto launches world’s first CNG motorcycle at ₹95,000, urges lower GST on two-wheelers
The Freedom is powered by a 125cc petrol engine, and is equipped with a 2kg CNG tank and a 2-litre petrol tank, but it can run entirely on CNG. The company claims a mileage of 102 km per kg on CNG and 65 km per litre in petrol mode.
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- 05 Jul 2024 05:34 PM
- New
The week in numbers: GST gloom, capex slowdown, startup funding
Every Friday, Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. The Goods and Services Tax (GST) monthly collections grew at the slowest pace in three years in June, while capital expenditure plans slowed to a multi-year low. Meanwhile, the funding winter ended for the Indian startups, with higher funding and deals in June.
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- 04 Jul 2024 05:53 PM
- New
Heads Up, PayZapp Users! HDFC credit card loads cost more from August
HDFC Bank introduces 1% charge on rent and educational payments made through third party apps like CRED, PayTM, Mobikwik, and Freecharge with a max fee of ₹3000 per transaction. Charges reduced for transferring PayZapp wallet funds to bank accounts from 2.5% to 1% plus GST from August 1.
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- 03 Jul 2024 06:27 PM
Revenue of India’s top 18 states likely to grow at 8-10% in FY25: Crisil
This growth will be supported primarily by healthy GST collections and devolution from the union government, which together comprise about 50% of aggregate state revenues, the rating agency said.
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- 03 Jul 2024 06:41 PM
CBI arrests CGST Assistant Commissioner in ₹50000 Bribery Case
The Central Bureau of Investigation (CBI) has recently made headlines by arresting an Assistant Commissioner from the CGST Commissionerate in Guwahati. The arrest was made following allegations of the officer demanding and accepting a bribe of Rs. 50,000 from a complainant.
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- 03 Jul 2024 06:06 PM
Mint Quick Edit | GST data: What’s the secrecy?
The monthly GST revenue data for June is marked by the absence of a formal release with details of the tax intake breakup. What explains this?
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- 03 Jul 2024 06:17 PM
Uttar Pradesh tops Tamil Nadu in GST collection: Myth and reality
When Uttar Pradesh reported higher collection of goods and services tax (GST) than Tamil Nadu for April, some painted it as a turning point. The discourse revolved around two hypotheses. One was that Uttar Pradesh (a historical economic laggard) had found new engines to sail past Tamil Nadu (a historical economic leader). Two, fears were coming true that the tax in question, introduced seven years ago, would end up favouring large-consumer states, even if they were economically weak. Neither hypothesis has played out.
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- 02 Jul 2024 06:32 PM
Budget 2024: Hospitality sector bats for industry status, GST reduction, cites substantial GDP & forex contributions
The hospitality sector should be given the status of an industry in the upcoming Union Budget to accelarate growth, senior executives from the sector told LiveMint. The sector has made "substantial contributions" to the nation's gross domestic product (GDP), is labour and capital intensive, and brings in foreign exchange revenues, they pointed out.
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- 02 Jul 2024 06:26 PM
Budget 2024: Aviation industry seeks policies to ease business, wants tax sops
Airport operators want the govt to instruct airlines not to deduct tax at source while paying user development fee collected from passengers. Drone makers want a lower GST, while component makers are seeking incentives to boost local supply chains.
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- 02 Jul 2024 06:20 PM
June GST proceeds swell 7.7% to ₹1.74 trillion
Source: https://www.livemint.com/economy/june-gst-proceeds-swell-7-7-to-1-74-trillion-11719844388613.html
However, June's GST proceeds were lower than the record collection of ₹2.1 trillion reported in April—but in line with the trend of robust GST revenue receipts.
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