Category: Blog

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Centre releases Rs 8,698 crore as GST compensation to states

BENGALURU: The Centre has released Rs 8,698 crore to states to compensate them for revenue loss following GST implementation HIGHLIGHTS The Center has released Rs 8,698 crore to the GST implementation. All states, except...

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Finance Minister Arun Jaitley On State Of Economy

Finance Minister Arun Jaitley was holding the press conference at National Media Centre. Finance Minister Arun Jaitley and his colleagues raised the share of the economy of growth in the special efforts of the...

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Over 40% business entities make zero GST payment

Initially, the people were talking about heavy burden of GST over the small businesses. But figures are telling something else. Initial data describing that 40% of the 54 lakh companies claimed nil tax liability...

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GST V/s old taxation system

Taxes levied by the State Government was different across different Governments leading to the concentration of manufacture and production in States where the rates are less. However, in GST there is only one Tax...

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Advantages and Disadvantages of GST

ADVANTAGES OF GST:- 1. The entire Indian market will be a unified market which may translate into lower business costs. It can facilitate seamless movement of goods across states and reduce the transaction costs...

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History of GST

On 17th July 2000, GST was originated in India when the committee of State Finance Ministers was made by an Indian government. Also Read: What is GST? The State Finance Ministers of Gujarat, Maharashtra,...

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What is GST?

Goods and Services Tax (GST) is an indirect tax which replaces multiple cascading taxes. It was firstly introduced by France in 1954 and currently, it is active in more than 160 countries. India implemented the GST Law...