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Demonetisation, GST, and Covid Cost Informal Sector ₹ 11.5 Trillion

Monika Shanmugam - 0
The combined effects of demonetisation, GST rollout, and the Covid-19 pandemic have resulted in a staggering loss of ₹ 11.5 trillion, or 4.3% of...

GST Remains Complex, According to Arvind Subramanian

Akash G Varadaraj - 0
Revenues from the seven-year-old Goods and Services Tax (GST) have failed to meet expectations, achieving pre-GST levels only recently. Former Chief Economic Advisor (CEA)...

Budget 2024 Wishlist: High Rebates and GST Reductions for Real Estate Sector

Monika Shanmugam - 0
The Indian real estate industry has seen significant growth recently, and with Budget 2024 approaching, there’s a wave of optimism for potential reforms. Favourable...

Centre’s Decision to Halt Monthly GST Data Raises Eyebrows

Monika Shanmugam - 0
The Union Ministry of Finance has stopped releasing its monthly GST collection data, a move that has sparked widespread concern. Traditionally, the Ministry provided...

GST Collections Increased by 7.7% to ₹1.74 Lakh Crore in June

Akash G Varadaraj - 0
In June, India's gross Goods and Services Tax  GST collections saw a year-on-year increase of 7.7%, reaching ₹1.74 lakh crore for May sales. This...

Zomato Receives ₹9.46 crore GST Notice

Akash G Varadaraj - 0
Zomato Ltd, a prominent player in the online food delivery space, finds itself in the spotlight today as its shares soar amidst news of...

Trade Body Urges FinMin to Remove 28% GST, Include Fuel Under GST

Monika Shanmugam - 0
The Tamil Nadu Chamber of Commerce and Industry has called on Finance Minister Nirmala Sitharaman to eliminate the 28% GST slab and bring petroleum...

GST Council’s Moves to Ease Compliance and Reduce Litigation: A Welcome Relief

Monika Shanmugam - 0
In its first meeting since the new Union government formed, the GST Council made significant strides on Saturday to reduce the compliance burden and...

Maruti Suzuki Faces GST Demand Notice of ₹ 5.4 Crore Over Input Tax Credit Denial

Monika Shanmugam - 0
Maruti Suzuki India Limited (MSIL), the country's largest carmaker, has been hit with a GST demand notice of ₹ 5.4 crore. The notice, issued...

GST Made Household Goods Cheaper, Helped Poor Save: PM Modi

Monika Shanmugam - 0
Prime Minister Narendra Modi emphasised on Monday that his government remains committed to reforming policies to 'transform people's lives,' highlighting how the Goods and...
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