Finance Minister Nirmala Sitharaman announced on Saturday that GST rates will come down further and that the process of ...
India’s GST Collections: According to the data, the central GST stood at ₹35,204 crore, the State GST at ₹43,704 crore, the Integrated GST at ₹90,870 crore, and the compensation cess at ...
Tax Partner at EY India. The GST Council, headed by Sitharaman and comprising her State counterparts, in September 2021, set up a group of ministers (GoM) to rationalise GST rates and suggest ...
She said that the revenue neutral rate (RNR) has come down from 15.8 per cent at the time of the launch of GST on July 1, 2017, to 11.4 per cent in 2023.
In contrast, it had ranked second and third in India in terms of GST growth rate in FY18-FY19 and FY19-FY20. Chart 1 compares the GST growth rates for India and Manipur. Manipur’s GST growth ...
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