The government in its interim budget 2019 made an attempt to bring back the business class to its support before the crucial general election just few months away. Read here, how Modi government is trying to pacify the business class through measures announced in its interim budget in GST.
The government put forth crucial GST data, stating the impact of goods and services tax on the economy of India. The government in its budgets announced major achievements made through GST implementation. Read here the important announcement of budget 2019.
Group of Ministers to suggest ways to reduce GST for house buyers
The direct tax collection witnessed an increase from Rs 6.38 lakh crore in 2013-14 to almost Rs 12 lakh crore during modi government regime
The tax base is up from Rs 3.79 crore to 6.85 crore
Businesses with less than Rs 5 crore annual turnover, comprising over 90% of GST payers, will be allowed to return quarterly returns.
Indian Customs to fully digitised exim transactions and leveraging RFID for logistic. Govt abolishes duties on 36 capital goods
GST collections in January 2019 has crossed Rs 1 lakh crore