July 2024 was first time no official release on GST collections was issued. Collections were Rs 1.74 lakh crore in June & average collections this fiscal yr are highest ever, it is learnt.
He also noted the 15th Finance Commission cut Karnataka’s share in central taxes ‘too drastically’, much more than other similar-performing southern states.
Visiting Professor Ashoka Mody says India chose to ‘dismiss inconvenient truths’ about GDP data to look good. Where was criticism when the economy tanked during COVID, asks govt.
GST was first introduced in India on 1 July, 2017. But tax experts now call for key reforms, such as setting up tribunals for appeals and including petroleum products in the regime.
Dept of Investment & Public Asset Management secretary Tuhin Kanta Pandey says govt is trying to strike a balance between earning revenue through dividends & disinvestment receipts.
Prior to the clarification, all such non-medical, non-educational transactions would've attracted 20% TCS from 1 July. Govt imposing TCS on foreign credit card spends was widely criticised.
An average Lajpat Nagar playboy knows that women will reply to his Instagram story of the chicken curry he cooked for lunch. And he is proven right, every single time.
The concern is not that 2025’s rally was irrational, but that it may be difficult to repeat. Outlooks remain anchored to AI investment and growth without reigniting inflation.
If deal goes through, Greece will be 2nd foreign country to procure vehicle. Morocco was first; TATA Group has set up manufacturing unit there with minimum 30 percent indigenous content.
Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.
If GST collections rise. Then cut petrol taxes. That’s only reasonable.