Former Finance Minister Arun Jaitley Monday said the 12 and 18 per cent tax slabs in goods and services tax (GST) could be merged going forward as revenues increase, thereby effectively making it a two-tier tax.
The industrial districts of Coimbatore and Tiruppur, and the Nilgiris district saw an increase in GST revenue from April to June this year compared to the same period last year.
NEW DELHI: A new scheme is being worked out to encourage employment generation by small and medium enterprises in the country, with special focus on scheduled castes and tribals, the government told Rajya Sabha on Monday.
The Indian rupee opened marginally lower at 68.97 per dollar on Tuesday versus previous close 68.95.
NEW DELHI: After breaching the ₹1 trillion mark in goods and services tax (GST) collections for two consecutive months, indirect tax mop-up in June fell marginally to ₹99,936 crore.
GST Collection dipped below the Rs one lakh crore mark in June for the first time this fiscal. The total GST mop up stood at Rs 99, 939 crore in June.