goods and services tax
India's October services activity contracts for second straight month
Last time services activity contracted for two consecutive months was in August 2017 following the GST implementation.
GST collections remain subdued at Rs 95,380 cr in October
The gross GST revenue collected in the month of October, 2019 is Rs 95,380 crore of which CGST is Rs 17,582 crore.
Indian economy in transition phase, growth to come back: SBI Chairman
Growth can come back. Because of a lot of (reforms), economy is in transition, said SBI chief Rajnish Kumar.
After ignoring warnings, govt can’t play hardball
utomobile sales are in decline for several months.
Govt should provide more stimulus; lower income tax: Adi Godrej
The government should take these measures, although this may increase the fiscal deficit, said the Godrej Group Chairman.
Corporate tax cut is a signal to structural reforms: CEA
I would say that this is the time where we need to focus on implementing structural reforms, said CEA K V Subramanian.
GST collection declines to Rs 91,916 crore in September
The revenue collection in the same month a year ago stood at Rs 94,442 crore.
Hotel stocks rally up to 9 per cent on GST rate cut
Post market hours on Friday, the GST Council reduced tax rate on hotel room tariffs, a move aimed at giving a boost.
Fitment panel rejects GST rate cut for auto, biscuits; favours relief for hotel industry
Automobile industry has long been demanding reduction in GST rate from the present 28 per cent to 18 per cent.
More space on monetary side than fiscal for boosting growth: Sanyal
Economic growth hit over six-year low of 5 per cent for the first quarter ended June 2019 mainly driven by demand slowdown.