GST revenue collection declines to Rs 95,380 crore in October despite festive season
NEW DELHI: The Goods and Services Tax (GST) collection in October declined to Rs 95,380 crore, as against Rs 1,00,710 crore in the same month a year ago, as per government data released on Friday. The gross GST revenue collected in the month of October, 2019 is Rs 95,380 crore of which CGST is Rs […]
GST rates on 22 items cut; cement, auto parts still in highest slab in India
NEW DELHI:Federal indirect tax body, the Goods and Services Tax (GST) Council, on Saturday reduced tax rates on 22 items, of which seven were from the highest slab of 28%. Taxes on items with big revenue implications for the exchequer, such as cement and automobile components, still remain within the 28% bracket. India’s Finance Minister […]