Tag: Indirect Tax

Kolkata: The number of tax slabs in the Goods and Services Tax (GST)regime would be reduced with improvement in revenue, Union Minister of State for Finance and Corporate Affairs Arjun Ram Meghwal said here on Saturday. With the exempted category, the existing tax slabs are of 5, 12, 18 and 28 per cent. Defending the […]

New Delhi: With the Goods and Services Tax (GST) regime stabilizing after a series of rate rationalizations, the focus of the government has now clearly shifted to easing the compliance burden and containing tax evasion. In its 35th meeting, the GST Council on Friday decided to introduce electronic invoicing system in a phase-wise manner for […]

New Delhi: In an apparent sign of economic slowdown, India’s GST collections in August dropped to Rs 98,202 crore from over Rs 1.02 lakh crore in the previous month, the finance ministry said on Sunday. However, total Goods and Services Tax (GST) mop-up for August this year was 4.5 per cent higher than the Rs […]