IMF Advises 3 Steps For India To Sustain Its High Growth Rate

To sustain the high growth rate India has achieved, the country should carry out banking sector reforms; continue with fiscal consolidation, simplify and streamline GST; and renew impetus on reforms, the International Monetary Fund or IMF said today.

The Vice Chairman of Niti Aayog, Rajiv Kumar says it's impractical to bring petroleum products under GST right now, owing to the state and center's high dependency on taxes that come from petrol and diesel .

Former Finance Minister P Chidambaram today slammed the government for terming the Goods and Services Tax (GST) as a "celebration of honesty", saying if that was the case, why did the BJP oppose it for five years prior to coming to power in 2014.

Prime Minister Narendra Modi in his 45th edition of Mann Ki Baat hailed states for the success of Goods and Services Tax or GST. Describing GST as "a celebration of honesty", the Prime Minister said, "One nation, one tax reform is now a reality...for this I give maximum credit to the states. GST has set a fine example of cooperative federalism and states unitedly cont...

Prime Minister Narendra Modi addressed the nation on Sunday in the 45th edition of his radio programme Mann Ki Baat.

The Directorate General of GST (Goods and Services Tax) Intelligence (DGGI) has detected Rs 672.51 crore worth of tax evasion in 46 cases, in which Rs 15.31 crore were recovered in 20 cases from July 2017 to March 2018, an official said.

Despite an adverse impact of GST implementation, India saw a 20 per cent increase in both the number of dollar millionaires and their wealth in 2017, to emerge as the fastest growing market for high net worth population.

Everyday, when Krishna Kumar serves lunch to his customers along with his wife at the small restaurant he owns in Coimbatore, he says he is reminded of the misfortune that hit him.

National passenger carrier Air India announced it has revised the applicable Excess Baggage Rate (EBR) on domestic sectors effective Monday.

Former finance minister P Chidambaram today said that state of the economy was bad in the country due to the wrong policies of the NDA government and tyres of three of the four wheels on which the economy rides were punctured.

A new category of small vehicles - Quadricycles, has been approved by the Indian government and in particular the Ministry Of Road Transport and Highways. This new category, which will mainly be used to classify small four wheeled personal vehicles (or commercial vehicles) will have to pass a list of emissions, crash and other norms which will be laid down by the gove...

International passengers buying goods at airport 'duty-free' shops will not be subject to GST and the revenue department will soon clarify on this exemption, an official said.

Bihar Chief Minister Nitish Kumar on Friday expressed gratitude towards the Centre for agreeing to exempt from GST items used in community kitchens at Gurudwaras and other religious places.

A CBI team today conducted searches at the main office of the Goods and Services Tax (GST) in Vadodara city and questioned some officials.