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GST BUOYANCY
India's new GDP yardstick: What changed, what did not, and what every investor should now read differentlyIndia changed the base year used to measure its economy from 2011-12 to 2022-23. The first full-year provisional numbers under the new yard...- Corporate India posts 25% profit surge in Q4 FY26, but rising costs squeeze marginsCorporate India's March quarter net profit surged 25.3%, driven by non-operating factors, masking operating challenges like rising input co...
- Macro, the Mightiest: Why India’s biggest macro variable still falls from the skyThe 2026 monsoon comes with a clear warning: Rainfall is forecast at 92% of the long-period average, with higher-than-usual probability of ...
- GST states quo won't do: Post-GST revenue divide widens across IndiaNew CAG data reveals states are diverging in fiscal health post-GST. Some states are effectively building revenue capacity, while others ar...
- Despite rate reset, GST collection rises on strong consumptionIndia's Goods and Services Tax collections ended the fiscal year strongly. March collections surpassed two lakh crore rupees for the third ...
- Sustaining festive season demand trend to depend on broader economic condition: ICRASince its rollout in 2017, Goods and Services Tax (GST) has undergone several rate adjustments, culminating in a major restructuring in Sep...
- GST not only increased tax payers base but also lowered tax evasion over past 8 years: BoBA Bank of Baroda report indicates that Goods and Services Tax implementation has expanded the tax base. It has also reduced tax evasion. GS...
- GST collection has shown buoyancy and remarkable growth: ExpertsIndia's GST revenue for August 2024 marked a yearly growth of 10%, despite a month-on-month decline from July. Experts highlight the overal...
- Implementation of GST has helped poor: SitharamanFinance Minister Nirmala Sitharaman highlighted the significant impact of GST on the economy, praising its role in benefiting the poor by l...
- GST led to revenue growth, formalisation of economy: EAC-PMThe Goods and Services Tax (GST) regime in India has shown positive outcomes, including revenue growth, formalization of the economy, reduc...
- GST helped increase revenue buoyancy of states: FM Nirmala SitharamanGiving a comparison of the tax rates pre and post-GST, Sitharaman said, "GST has done justice to the consumers by bringing the rates down c...
- April's GST spike, A collector's itemThe weighted average tax rate in GST's current avatar has slipped considerably below the revenue-neutral rate determined before its imposit...
- Has the GST improved or worsened tax collection? Economic Survey answersThe post-GST period experienced many headwinds, most notably the exogenous shock of the Covid pandemic. The nominal GDP grew at a slower CA...
- Enhance ease of doing GSTInstitutional strengthening: The key ideas relate to cooperative federalism and implementation of the Taxpayer's Charter, along with focus ...
- Good cheer for Goods and Services TaxAdministrative improvements have harmonised tax collection between the Centre and states.
- Eyeing top 50: Insolvency resolution, cross-border trade, contracts in focusStates might be facing a revenue gap of up to Rs 1.23 lakh crore after withdrawal of GST compensation.
- Budget 2019: Gross tax to GDP ratio dips to 10.9% in FY'19 on shortfall in indirect tax revenues, says Economic SurveyThe survey, authored by Chief Economic Advisor Krishnamurthy Subramanian, also suggested that the cooperative federalism as depicted by the...
- View: A fair assessment of Good and Services TaxThe GST impact goes beyond revenues and rates of duty. It has transformed our federal polity for the good.
- Recent GST rate cut credit negative: Moody'sThe GST Council, chaired by Union Finance Minister, last week cut tax rates on white goods as well as various handicrafts items and paints.
- India Inc wants GST rate below 20% to keep inflation in checkThe RNR is the rate at which there will be no revenue loss to the Centre and states in the Goods and Services Tax (GST) regime.
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