India Could Be A $20 Trillion Dollar Economy By 2040: Chief Economic Advisor

Indian economy could cross $5 trillion in 2026-27 and likely to become $20 trillion by 2040, Chief Economic Advisor Anantha V Nageswaran said

Finance Minister Nirmala Sitharaman on Wednesday said that country's fundamentals are sound again due to various measures taken by Centre since 2014

Goods and Services Tax (GST) collections for May 2022 stood at Rs 1,40,885 crore

Government has cleared the entire Goods and Services Tax (GST) compensation payable till date by releasing Rs 86,912 crore to states

India Ratings has said GST has not helped states achieve the key objective of boosting their tax revenue

The accused ran the fake GST input tax credit (ITC) racket by creating a network of around 500 bogus firms using forged documents, addresses and fake identities.

Finance ministry has not yet taken a view on the civil aviation ministry's plea for tax cuts on jet fuel or aviation turbine fuel to bring down prices

The goods and services tax (GST) rate rationalisation is likely to be delayed due to elevated inflation

Investigations by the CGST Gurugram are going on into the matter of fraudulent GST refunds

Taxpayers who have paid GST on 'Ocean Freight' on imported goods will be entitled to claim refunds, following the Supreme Court verdict

Government sources said that the Supreme Court's verdict on the GST Council does not have any bearing on how GST functions.

In a significant verdict, the Supreme Court Thursday ruled that the recommendations of Goods and Services Tax (GST) Council are not binding on the Union and the states and only have a persuasive value.

The Supreme Court on Thursday, in a significant verdict, ruled that the recommendations of the Goods and Services Tax (GST) council are not binding on the Union and the State Governments.

Directorate General of GST Intelligence Gurugram has arrested a person in connection with a case wherein a total Input Tax Credit (ITC) of over Rs 160 crore has been utilized and passed on by a network of nonexistent and fake firms.