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Moodys has downgraded Chinas long-term rating by one notch from Aa3 to A1 as the Chinese government grapples with the challenges of rising financial risks stemming from years of credit-fueled stimulus.

Tax reforms to expand revenue base in India: Moody's

India and Sri Lanka have both recently streamlined and levied their VAT or GST regimes.

31 May 2018 3:51 PM IST

The Income Tax Department has detected undisclosed income of over Rs 10,000 crore in fiscal 2017-18, thus recording a 20 per cent surge over the previous fiscal.

Direct tax collections surge 15.7 pc to Rs 6.75 lakh cr in Apr-Nov

Refunds worth Rs 1.23 lakh crore have been issued in the eight months of the current fiscal.

10 Dec 2018 12:52 PM IST

Visiting Venezuelan Foreign Minister Jorge Arreaza said in New Delhi on Monday that Venezuela wants trade with India in oil and other commodities such as food and medicines to be conducted in Indian Rupees and not in US Dollars. (Representational image)

GST collection in April exceeds Rs 1 lakh crore

The buoyancy in the tax revenue of GST reflects the upswing in the economy and better compliance.

1 May 2018 2:03 PM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

Govt appeals honesty in tax payment ahead of GST anniversary

The new indirect tax regime has added more jobs in formal sector and widened taxpayer base.

19 Jun 2018 11:44 AM IST

As per new IMF projections, Indias growth in 2016 is now estimated to be 6.6 per cent as against 7.6 per cent earlier. (Photo: AFP)

IMF asks India to consider simpler GST rate structure

GST as presently designed has an effective tax rate rising with household consumption.

8 Aug 2018 9:21 AM IST

Economist Sanjeev Sanyal.

GST slabs may reduce to 3 in long-term: Sanjeev Sanyal

Presently, there are four GST slabs of 5, 12, 18 and 28 per cent, plus the exempted category which attracts 0 per cent...

4 Aug 2018 4:13 PM IST

Finance secretary Hasmukh Adhia

Hasmukh Adhia leads drive to bolster GST inflow

GST collection for month of July touched Rs 96,483 cr, slightly higher than Rs 95,610 cr collected in June.

24 Aug 2018 8:41 AM IST

The agitation was held at Azad Maidan where almost one lakh lottery traders gathered under the banner of Lottery Bachao Mahakruti Samiti.

Lottery traders hold protest in Mumbai against 28 per cent GST

Lottery business has reduced to 25 per cent of what it was before the GST came into force on July 1.

21 Aug 2017 5:16 PM IST

Amit Shah hailed the government and Prime Minister Narendra Modi for stand on triple talaq issue before the SC. (Photo: PTI)

All the fears about GST were wrong, rollout was smooth: Modi

Resolution of public grievances has also been reviewed in 17 sectors.

31 Aug 2017 2:56 PM IST

Finance Minister Arun Jaitley (Photo: PTI)

GST revenue at Rs 92,283 crore gets a bumper start

So far 38.38 lakh taxpayers accounting for 64.42 per cent of the total businesses.

30 Aug 2017 12:22 PM IST

The government has proposed a penal tax rate of 50 per cent to incentivise black money hoarders to switch to formal economy.

India's GDP growth seen picking up to 6.6 per cent but GST fogs...

RBI earlier this month became the first major central bank in Asia to cut interest rates this year.

28 Aug 2017 12:59 PM IST

Earlier, the government had fixed August 20 as the last date for filing GSTR-3B forms for July. (Photo: File/Representational)

Cabinet may this week consider hike in GST cess on cars

Small petrol cars of less than 4 meters and 1,200 cc attract a cess of 1 per cent.

27 Aug 2017 2:32 PM IST