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Goods And Services Tax (India) Revenue Statistics
From 1 May 2018 onwards Ministry of Finance of Government of India started releasing monthly GST revenue collection data via official press release through Press Information Bureau. And to further improve transparency Government of India started issuing state-wise monthly collection data from 1 January 2020. Revenue Collections Monthly National Revenue CollectionsOfficial Source State-Wise Monthly Revenue Collections States Note: ''Below tables does not include GST on import of goods'' =Andhra Pradesh= =Arunachal Pradesh= =Assam= =Bihar= =Chhattisgarh= =Goa= =Gujarat= =Haryana= =Himachal Pradesh= =Jharkhand= =Karnataka= =Kerala= =Madhya Pradesh= =Maharashtra= =Manipur= =Meghalaya= =Mizoram= =Nagaland= =Odisha= =Punjab= =Rajasthan= =Sikkim= =Tamil Nadu= =Telangana= =Tripura= =Uttar Pradesh= =Uttarakhand= =West Bengal= Union Territories Note: Below tables does not include GST on import of goods =Andaman and Nicobar Islands= ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Finance (India)
The Ministry of Finance (IAST: ''Vitta Maṃtrālaya'') is a ministry within the Government of India concerned with the economy of India, serving as the Treasury of India. In particular, it concerns itself with taxation, financial legislation, financial institutions, capital markets, centre and state finances, and the Union Budget. The Ministry of Finance is the apex controlling authority of ''four'' central civil services namely Indian Revenue Service, Indian Audit and Accounts Service, Indian Economic Service and Indian Civil Accounts Service. It is also the apex controlling authority of one of the central commerce services namely Indian Cost and Management Accounts Service History R. K. Shanmukham Chetty was the first Finance Minister of independent India. He presented the first budget of independent India on 26 November 1947. Department of Economic Affairs The Department of Economic Affairs is the nodal agency of the Union Government to formulate and monitor country's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of India
The Government of India (ISO: ; often abbreviated as GoI), known as the Union Government or Central Government but often simply as the Centre, is the national government of the Republic of India, a federal democracy located in South Asia, consisting of 28 union states and eight union territories. Under the Constitution, there are three primary branches of government: the legislative, the executive and the judiciary, whose powers are vested in a bicameral Parliament, President, aided by the Council of Ministers, and the Supreme Court respectively. Through judicial evolution, the Parliament has lost its sovereignty as its amendments to the Constitution are subject to judicial intervention. Judicial appointments in India are unique in that the executive or legislature have negligible say. Etymology and history The Government of India Act 1833, passed by the British parliament, is the first such act of law with the epithet "Government of India". Basic structure The gover ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Goods And Services Tax (India)
Goods and Services Tax (GST) is an indirect tax (or consumption tax) used in India on the supply of goods and services. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes. Multi-staged as it is, the GST is imposed at every step in the production process, but is meant to be refunded to all parties in the various stages of production other than the final consumer and as a destination-based tax, it is collected from point of consumption and not point of origin like previous taxes. Goods and services are divided into five different tax slabs for collection of tax: 0%, 5%, 12%, 18% and 28%. However, petroleum products, alcoholic drinks, and electricity are not taxed under GST and instead are taxed separately by the individual state governments, as per the previous tax system. There is a special rate of 0.25% on rough precious and semi-precious stones and 3% on gold. In addition a ce ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Press Information Bureau
The Press Information Bureau, commonly abbreviated as PIB, is a nodal agency of the Government of India under Ministry of Information and Broadcasting. Based in National Media Centre, New Delhi, Press Information Bureau disseminates information to print, electronic and web media on government plans, policies, programme initiatives and achievements. The head of PIB is also the Official Spokesperson of the Government of India and holds the rank of Principal Director General (Special Secretary equivalent). The post is currently headed by Shri. Satyendra Prakash, IIS (Batch of 1988). History The Press Information Bureau was established in June 1919 as a small cell under Home Ministry under the British government. Its main task was to prepare a report on India to be placed before the British Parliament. It was then located in Shimla. The first head of the publicity cell was Dr. L.F. Rushbrook Williams of Allahabad University who was designated as Officer on Special Duty. Prof. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Live Mint
''Mint'' is an Indian financial daily newspaper published by HT Media, a Delhi-based media group which is controlled by the K. K. Birla family that also publishes ''Hindustan Times''. It mostly targets readers who are business executives and policy makers. It has been in circulation since 2007. Of the five business dailies published in India, Mint rose to the number two position immediately after its launch and has remained there (behind The Economic Times ever since. It publishes a single national edition that is printed and distributed in New Delhi, Mumbai, Bangalore, Hyderabad, Chennai, Kolkata, Pune, Ahmedabad and Chandigarh. Unlike most mainstream newspapers from India, Mint is not published on Sunday. It instead offers its readers Mint Lounge every Saturday, a weekend magazine focused on intelligent lifestyle, fashion, food, books, science and culture. Mint's editorial coverage and its style of presentation is noted for its refreshing clarity and accessibility - facets ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Today (India)
''Business Today'' is an Indian fortnightly business magazine published by Living Media India Limited, in publication since 1992. Business Today Multiverse is a multifaceted media entity, with the many arms of the multiverse comprising a magazine, a website, television, YouTube, multiple social media channels, and an array of powerful event IPs. In February 2022, the magazine released 2-volume edition to celebrate its 30th anniversary. After naming Udayan Mukherjee as its global business editor, the network has named prominent magazine editor, Sourav Majumdar, as the new editor of business today Magazine, and Siddharth Zarabi, former editor of Bloomberg TV, as the managing editor of Business Today TV. Circulation Business Today has the highest circulation and readership amongst business magazines, and is also among the top 10 English-language magazines across genres. Business Today is published once a fortnight, and commands a readership base of 1.7 million readers. Events ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Hindu Business Line
''Business Line'' or ''The Hindu Business Line'' is an Indian business newspaper published by Kasturi & Sons, the publishers of the newspaper ''The Hindu'' located in Chennai, India. The newspaper covers priority industry verticals, such as Agriculture, Aviation, Automotive, IT, in weekly specials. The paper is printed at 17 centres across India, reaching metros as well as emerging Tier I and Tier II cities. Business Line has a daily circulation of 1,17,000 copies, per the Audit Bureau of Circulation in 2016. See also *List of newspapers in India , there were over 100,000 publications registered with the Registrar of Newspapers for India. India has the second-largest newspaper market in the world, with daily newspapers reporting a combined circulation of over 240 million copies . There are ... References External links * 1994 establishments in Tamil Nadu English-language newspapers published in India The Hindu Group Newspapers published in Kolkata Business newspa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inland Customs Line
The Inland Customs Line, incorporating the Great Hedge of India (or Indian Salt Hedge), was a customs barrier built by the British colonial rulers of India to prevent smuggling of salt from coastal regions in order to avoid the substantial salt tax. The customs line was begun under the East India Company and continued into direct British rule. The line had its beginnings in a series of customs houses established in Bengal in 1803 to prevent the smuggling of salt to avoid the tax. These customs houses were eventually formed into a continuous barrier that was brought under the control of the Inland Customs Department in 1843. The line was gradually expanded as more territory was brought under British control until it covered more than , often running alongside rivers and other natural barriers. It ran from the Punjab in the northwest to the princely states of Orissa, near the Bay of Bengal, in the southeast. The line was initially made of dead, thorny material such as the In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Taxation In India
Taxes in India are levied by the Central Government and the State Governments by virtue of powers conferred to them from the Constitution of India. Some minor taxes are also levied by the local authorities such as the Municipality. The authority to levy a tax is derived from the Constitution of India which allocates the power to levy various taxes between the Union Government and the State Governments. An important restriction on this power is Article 265 of the Constitution which states that "No tax shall be levied or collected except by the authority of law". Therefore, each tax levied or collected has to be backed by an accompanying law, passed either by the Parliament or the State Legislature. Nonetheless, tax evasion is a massive problem in India, ultimately catalyzing various negative effects on the country. In 2019–20, the Direct tax collections reported by CBDT were approximately INR 12.33 trillion. History India has abolished multiple taxes with passage of time and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Value Added Taxes
A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of tax that is assessed incrementally. It is levied on the price of a product or service at each stage of production, distribution, or sale to the end consumer. If the ultimate consumer is a business that collects and pays to the government VAT on its products or services, it can reclaim the tax paid. It is similar to, and is often compared with, a sales tax. VAT is an indirect tax because the person who ultimately bears the burden of the tax is not necessarily the same person as the one who pays the tax to the tax authorities. Not all localities require VAT to be charged, and exports are often exempt. VAT is usually implemented as a destination-based tax, where the tax rate is based on the location of the consumer and applied to the sales price. The terms VAT, GST, and the more general consumption tax are sometimes used interchangeably. VAT raises about a fifth of total tax revenues bo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
