GST becomes law as President gives assent to constitutional amendment bill

President Pranab Mukherjee on Thursday gave assent to Constitution Amendment Bill on Goods and Services Tax, a major step towards rolling out the new indirect tax regime which the Modi government......

GST bill passed in Rajya Sabha; truly historic, says PM

In the biggest tax reform since Independence, the national sales tax or GST Bill was on Wednesday approved by the Rajya Sabha to replace a raft of different state and local taxes with a single......

GST revenues grow 15% to nearly Rs 1.50 lakh cr in Dec

The collections from Goods and Services Tax (GST) grew by 15 per cent to over Rs 1.49 lakh crore in December 2022, indicating improved manufacturing output and consumption demand, besides better......

Govt proposes host of incentives to revamp Special Economic Zones

The commerce ministry is proposing a host of direct and indirect incentives such as deferral of import duties and exemption from export taxes to revamp Special Economic Zones through a new......

GST revenues at nearly Rs 1.41 lakh cr in May

GST revenue for May stood at nearly Rs 1.41 lakh crore, a 44 per cent increase over the same month last year, the finance ministry said on Wednesday. Illustration: Uttam Ghosh/Rediff.com Bucking......

GST revenues at all-time high of Rs 1.68 lakh cr in April

The GST collection in April touched the highest ever level of about Rs 1.68 lakh crore, up 20 per cent from the year-ago period, on improved compliance and recovery in business activity, the......