Dairy products like curd, Lassi and buttermilk have been listed under the exempted category of GST
Tarun Bajaj, revenue secretary, said that the Centre’s policy is to provide a tax regime that is stable as well as predictable.
Prime Minister Modi said that taking reforms is a matter of conviction for the government, which is ready to take all risks in the national interest
The IHS Markit data contrasted with indicators like export performance, GST collection and E-way bills in FY22
The current GST regime follows a four-tier structure that exempts or imposes a low rate of tax 5% on essential items
Non-tax revenue collection dropped 36% to Rs 2.08 lakh crore in 2020-21 from over Rs 3.27 lakh crore in 2019-20
To pump up revenue collection further, the government must quickly iron out the glitches in the IT portal and plug GST leakage.
Wholesale Price Index (WPI)-based inflation has been in a double-digit growth trajectory for the past three months
Goods and Services Tax (GST) collection in July 2020 was Rs 87,422 crore, Sequentially, it was Rs 92,849 crore in June this year.
As long as it is not clear which slabs will be merged, it cannot be ascertained whether consumers will gain or lose.