NEW DELHI: The Central GST collection so far this fiscal stood at Rs 3.26 lakh crore, which is around half the government's target for 2019-20, Parliament was informed on Monday.
In April-Oct of FY20, direct tax collection at 38 per cent of BE; GST around 50 per cent
Surat: Modernisation in the country’s largest man-made fabric (MMF) sector will take a hit with the union ministry of textiles reducing the central fund allocation under the Amended Technology Upgradation Fund (ATUFS) scheme for 2019-20.
NEW DELHI: The recent World Trade Organization (WTO) ruling asking India to roll back its export sops scheme has put New Delhi in a “spot,” said the India managing director of Foxconn, the world’s largest contract manufacturer.
NEW DELHI: Tax authorities have identified B2C sales as a key source of leakage of goods and services tax (GST) as consumers are often cajoled into paying in cash without taking a bill and are looking to incentivise digital payments to plug revenue leakages.
Indian government think tank NITI Aayog has cautioned the government that the path to a $5-trillion economy by 2025 is plagued with several hindrances.