Former Revenue Secretary Tarun Bajaj to Head US-India Tax Forum In a significant development in the realm of bilateral economic relations, former Revenue Secretary Tarun Bajaj has been appointed as the head of the US-India Tax Forum. This appointment comes at a crucial juncture, as both countries seek to enhance cooperation in tax matters amid…
October Gross GST Collections Reach ₹1.72 Lakh Crore The Goods and Services Tax (GST) is an essential component of India’s fiscal landscape, and it often finds its way into government exams for various positions, including teachers, police officers, banking, railways, defense, and civil service positions like IAS. In October, India’s gross GST collections reached an…
India’s August GST Collection Surges to ₹1.59 Trillion The Goods and Services Tax (GST) regime has been a crucial aspect of India’s fiscal landscape since its implementation in 2017. In the latest developments, India has witnessed a remarkable surge in its GST collections for the month of August, reaching an impressive ₹1.59 trillion. This news…
GST Reward Scheme “Mera Bill, Mera Adhikar” to Launch Soon In a significant development for the Indian economy, the government is set to launch the GST Reward Scheme titled “Mera Bill, Mera Adhikar.” This initiative aims to empower consumers and promote transparency in the Goods and Services Tax (GST) system. Let’s delve into the details…
GST Council Sticks to its Plan to Collect 28% Tax on Online Gaming The Goods and Services Tax (GST) Council’s decision to levy a 28% tax on online gaming has been a topic of significant discussion and debate. This move is aimed at bringing the burgeoning online gaming industry under the tax net and generating…
Aaykar Diwas (Income Tax Day) 2023: Celebrating the Indian Tax System Aaykar Diwas, also known as Income Tax Day, is an annual observance in India that commemorates the establishment of the country’s income tax system. Celebrated on July 24th each year, this day holds significant importance as it marks the progress and growth of India’s…
G20 Finance Ministers and Central Bank Governors Meeting in Gujarat The G20 Finance Ministers and Central Bank Governors recently gathered in Gujarat for a crucial meeting. This high-profile event brought together financial leaders from the world’s most influential economies to discuss global economic challenges, policy coordination, and strategies for sustainable growth. In this article, we…
