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Tax Specialists on Sunday said there will be a uniform and one-nation-one-tax in the form of GST effective from April 2017. The experts along with CAs were present at a regional tax conference held with the Joint efforts of Nashik and Jalgaon branches of The Institute of Chartered Accountants of India (ICAI).
GST would be giving much more emphasize on the 8 percent growth of India as speculated by S&P Global. The report said that India GST passage gives us additional conviction around our 8%-ish GDP growth forecast over the next few years.
The biggest tax reform i.e. Goods and Services Tax is now a part of Indian Economy. A new and unified tax structure is followed for indirect taxation on the place of various tax laws like Excise duty, Service Tax, VAT, CST etc.
The number of income taxpayers in India surpasses 10 crore, showing an influential expansion in the tax base as per the updated time series data from the Central Board of Direct Taxes (CBDT). It exhibits a 98% rise over the past 10 years with the number of taxpayers rising from 5.26 crore at the finish […]
An astonishing growth has been witnessed in the personal income tax collection in India over the past decade, exceeding the speed of corporate tax collections, as per the updated data released by the Central Board of Direct Taxes (CBDT). Personal income tax revenue surged by 294.3 per cent, increasing to Rs 10.45 lakh crore in […]
Micro, Small, and Medium Enterprises (MSMEs) in recent years have attained significant importance in driving economic growth and development. Such businesses secures an important role in creating jobs, fostering innovation, and contributing to the overall Gross Domestic Product (GDP) of a country. The MSMEs importance is been discussed in this blog and also why they […]
In drawing down the cost of logistics in the country the GST has played an effective role. The ‘One Nation, One Tax‘ regime has assured that trucks did not need to wait for hours on the state borders which has drawn down the travel time by up to 30%. It has diminished the cost of […]
Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget 2024 on July 23. Yesterday, Sitharaman participated in the Halwa ceremony, which marks the final stage of budget preparation and precedes the lock-in process for officials involved in the budget. The ed-tech sector has high expectations from the budget 2024, including hopes for reduced […]
Gross Direct Tax collections for the Financial Year (FY) 2024-25 register a growth of 22.19% Net Direct Tax collections for FY2024-25 grow at over 20.99% Advance Tax collections for FY2024-25 stood at Rs. 1,48,823 crore with a growth of 27.34% Refunds aggregating to Rs. 53,322 crore issued in the current fiscal The provisional numbers of […]
