GST collection drops below Rs 1 lakh crore in June for the first time in FY20

The GST collection dropped below the Rs 1-lakh-crore mark in the month of June 2019. The total revenue collection under the indirect tax regime for past month totaled to... Read more »

Solar sector expects to reach the 100 GW clouds mark says Crisil.

Inconsistent government actions has cast a shadow over developer sentiment; slows down capacity addition momentum. CRISIL Research expects solar power capacity additions of 48-50 GW between fiscals 2019 and 2023.... Read more »

GST Council postpones decision on tax on real estate, extends deadlines for sales returns

The GST Council has delayed a decision on rationalisation of tax rates for real estate and lotteries till February 24 when it will continue the discussion, as some opposition-ruled... Read more »

Cashback incentive to promote digital payment

The Goods and Services Tax (GST) Council in its meeting on Saturday decided to start a pilot project to give 20 per cent cashback of the GST paid to... Read more »

GST rationalisation to strengthen demand for consumer discretionary

Acuite believes that the reduction of GST on over 50 items, largely consumer durables will boost consumption in the economy and is likely to have a positive impact on... Read more »