goods and services tax

New Delhi, March 25 Congress Rajya Sabha member Pramod Tiwari said on Wednesday that the allocation of Rs 5 crore per year for MPs under the MPLAD scheme was "quite less" and it should be increased to at least Rs 20 crore, besides abolishing GST on works carried out under the scheme.Under the...

New Delhi, March 23 According to the 2025-26 economic survey report, presented to the Delhi assembly by Chief Minister Rekha Gupta on Monday, Delhi's per capita income at current prices is likely to reach Rs 5,31,610, registering a growth of 7.92 per cent over 2024-25.The report further stated...

Lucknow, March 19 The Allahabad High Court has rejected the bail plea of an IRS officer, who was posted as the CGST deputy commissioner in Jhansi, in connection with a Goods and Services Tax (GST) bribery case involving an amount of Rs 1.5 crore.The Lucknow bench of the court passed the order...

Mumbai, March 13 The Reserve Bank of India (RBI) injected ₹50,000 crore into the banking system on Friday through Open Market Operations (OMO) purchases of government securities.The central government purchased 7.41 per cent GS 2036 bonds worth ₹14,491 crore, 6.45 per cent GS 2029 bonds worth...

New Delhi, March 7 Go Digit General Insurance on Saturday said it has received a demand notice of approximately Rs 170 crore for short payment of Goods and Services Tax (GST) for nearly five years.The company received a copy of the order from the Office of the Commissioner of GST & Central...

Itanagar, March 6 As many as seven important bills were introduced in the Arunachal Pradesh Assembly on Friday.Home Minister Mama Natung introduced the Arunachal Pradesh Fire and Emergency Services Bill, which aims to provide for the maintenance of fire and emergency services and strengthen...

Chandigarh, March 3 – Punjab Finance Minister Harpal Cheema said on Tuesday that the government has emerged among the top three states in terms of revenue growth, asserting that the state’s financial performance over the past four years reflects structural reforms, fiscal discipline, and...

The total gross Goods and Services Tax (GST) collections increased by 8.1% to over 1.83 lakh crore rupees in February this year, compared to the same month last year. The total gross GST revenue in February 2025 was over 1.69 lakh crore rupees. Central GST collections in February this year...

New Delhi, February 27 The Samyukt Kisan Morcha (SKM) announced two nationwide campaigns on Thursday to pressure state governments to oppose the proposed India-US trade deal, demand the dismissal of Commerce Minister Piyush Goyal, and push for amendments to the GST law to "restore fiscal...

New Delhi, February 26 The new series of Gross Domestic Product (GDP) with the 2022-23 base year will include data on goods and services tax, e-Vahan, and household services provided by cooks, drivers, and domestic help, to make economic data more accurate.The GDP data for the third quarter...

New Delhi, February 26 India's GDP could grow between 6.8-7.2 per cent in the next fiscal, according to an EY Economy Watch report released on Thursday.The report suggested that to achieve the "Viksit Bharat" (Developed India) goal by 2047, India may need to increase its tax-GDP ratio...

Chennai, February 18 The high-level committee on Union-State relations, headed by Justice Kurian Joseph, has recommended that governors should be appointed based on the names approved by the state legislative assembly.In its report, presented in the Assembly by Tamil Nadu Chief Minister M K...

New Delhi, February 15 The British multinational consumer goods maker said the "fundamentals" of its business in India, its second-largest market after the US, are improving.In the fourth quarter, Unilever reported a 4.7 per cent underlying sales growth along with a 4 per cent volume growth in...

New Delhi, February 13 IndiGo said on Friday that it has been fined over Rs 1.27 crore related to Goods and Services Tax (GST) input tax credit, and that it will challenge the order.In a filing to the BSE, the airline's parent company, InterGlobe Aviation, said that it has been denied input...

New Delhi, February 12 The Delhi High Court on Thursday directed the central government to consider and decide within six months a plea seeking exemption of adult diapers from the Goods and Services Tax (GST).A bench of Justices Nitin W Sambre and Ajay Digpaul passed the order on a petition...

Mumbai, February 11 The Reserve Bank of India (RBI) is likely to announce a short-term variable rate reverse repo (VRRR) auction in the coming days to absorb excess liquidity from the banking system and bring the overnight call money rate closer to the policy repo rate, experts said on...

New Delhi, February 9 Moody's Ratings projected on Monday that India's GDP will grow at 6.4 per cent in the next fiscal year, the fastest pace among G-20 economies, driven by strong domestic consumption, policy measures, and a stable banking system.In its report on the banking system, Moody's...