New Delhi: Goods and Services Tax (GST) collection in March rose 15.6% from a year ago to hit ₹1.06 trillion, the highest since the new indirect tax system took effect on 1 July 2017.
Surat: Power loom weavers in the country’s largest man-made fabric (MMF) hub in the city are up in arms against Goods and Services Tax (GST) department after the latter raised interest demand of 18% on Rs650 crore worth of input tax credit (ITC).
The Indian rupee erased some of its morning losses but trading lower by 7 paise at 69.22 per dollar versus Friday's close 69.15.
Retail inflation rose at a faster pace than anticipated in February. It picked up to 2.57 percent, after easing to 1.97 percent in January.
The RBI is likely to cut its key lending rate by another 25 basis points (bps) in backdrop of low inflation and slowing industrial production.
Commerce Secretary Anup Wadhawan recently said that Indian and European and Oceania countries should put more effort to push bilateral trade.