&w=3840&q=100)
Statsguru: As GST turns eight yrs old, need for reform push grows
The goods and services tax (GST), net of refunds, now yields close to ₹20 trillion to the exchequer - both the Centre's and states'
premium
Indivjal Dhasmana New Delhi
Listen to This Article
Prime Minister Narendra Modi had described it as a 'good and simple tax', while Opposition leader Rahul Gandhi had called it 'Gabbar Singh Tax'. Where does the truth sit? Perhaps somewhere in between.
The goods and services tax (GST), net of refunds, now yields close to ₹20 trillion to the exchequer – both the Centre's and states'— with average annual receipts three times the receipt during the pre-GST period from taxes that were subsumed in GST (Chart 1).
However, the average annual growth rate for receipts is a shade lower than that in the pre-GST period. Part
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
25 minutes ago
- Hans India
BJP's new state president will be announced tomorrow: Kishan Reddy
Hyderabad; Union Minister and Telangana BJP State President G Kishan Reddy announced that the notification for the election of the BJP state president will be released on Sunday, with nominations accepted on Monday. While addressing the media after attending Prime Minister Narendra Modi's 'Mann Ki Baat' program in Moti Nagar of Jubilee Hills Assembly constituency, he said the announcement for the new BJP state president is set for July 1. Nominations for the election will take place on Monday, and it is expected that the new president will be elected unanimously. Malkajgiri MP Eatala Rajender and former MLC N Ramachander Rao are the leading candidates in the race. Names of current BJP MPs, Dr Laxman and Bandi Sanjay Kumar, are also being discussed. Union Minister and Telangana BJP State President G Kishan Reddy announced that the official notification for the election of the BJP state president will be released on Sunday, with nominations accepted on Monday. Speaking to the media after attending Prime Minister Narendra Modi's 'Mann Ki Baat' program in Moti Nagar, Jubilee Hills Assembly constituency, he confirmed that the election process would be unanimous. The BJP high command plans to send state in-charge Sunil Bansal and national general secretary Shobha to oversee the nominations on Monday. Kishan Reddy also criticized Chief Minister A Revanth Reddy for speaking out of turn, stating that it is due to the Center's initiative that the National Turmeric Board (NTB) is being inaugurated. He emphasized, 'We will work only for the people of Telangana and not for Revanth Reddy or the Congress party.' Furthermore, the State BJP highlighted that the Detailed Project Report (DPR) related to the Metro project was submitted to the Center only last week and is currently under examination for feasibility.
Time of India
33 minutes ago
- Time of India
‘Drop guns & join mainstream': Amit Shah rules out talks with Reds
HYDERABAD: Union home minister Amit Shah on Sunday asserted that the Centre will not engage in any discussions with Naxals as they continue to bear arms. Speaking at a public meeting after the inauguration of the headquarters of Turmeric Board at Nizamabad in Telangana , the home minister emphasised that the Congress-governed state should not become a hub for Naxal activities. 'Congress asks (the Centre) to hold discussions with these people (Maoists). Our govt's policy is 'no talks' with those who hold arms. Give up weapons, surrender, and join the mainstream. I have serious doubts about whether Congress govt might offer shelter to Naxals on the run,' the Union home minister said. The home minister urged CM A Revanth Reddy to take a strong stance against making Telangana a hub for Naxals, highlighting losses among police and local tribes due to Maoist violence. 'Should we simply forget the sacrifices and allow them to roam free?' the Union minister asked. Shah reiterated the Centre's commitment to eradicating Naxalism from the country entirely by March next year. 'In several Northeastern states, over 10,000 extremists have surrendered, many of whom have even successfully contested local elections. In the past two years alone, over 2,000 Naxals have laid down their arms. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo If they continue to resist, we are determined that Naxalism will be wiped out by March 31, 2026,' Shah declared. Shah slammed the Congress govt, saying the tenure of the previous BRS regime was marred by corruption, which ultimately led the public to vote for Revanth. But despite the change in leadership, the people of Telangana have not seen the benefits they expected. 'Once Telangana was an ATM for BRS. Now, it has merely become an ATM for Congress leaders in Delhi,' Shah remarked. Shah denounced Congress LS leader of opposition Rahul Gandhi for raising questions about Operation Sindoor . 'Rahul, how many doubts do you have? During Operation Sindoor, we crossed into Pakistan and dismantled their terrorist camps.' On the turmeric board, Shah credited PM Narendra Modi with the initiative, saying the latter had promised it in 2023 and had not fulfilled it by meeting a four-decade-old demand to set up its headquarters in Nizamabad. 'Modi Ji always delivers on what he promises,' the Union home minister emphasised. Shah highlighted Modi's other measures for farmers such as increasing the agriculture budget by Rs 1 lakh crore, providing Rs 6,000 annually to every farmer, keeping fertiliser prices stable, and ensuring crop insurance.
Hans India
40 minutes ago
- Hans India
Intended to keep judiciary enslaved
New Delhi: Prime Minister Narendra Modi on Sunday recalled the Emergency imposed 50 years ago, calling it one of the darkest chapters in India's democratic history in his monthly Mann ki Baat address. Referring to the Emergency imposed in 1975, Modi said, "Those who imposed Emergency not only murdered the spirit of the Constitution but also tried to suppress the judiciary as puppets. "He said the country marked 50 years since the Emergency was imposed a few days ago and observed it as 'Samvidhan Hatya Divas'. "We must remember those who bravely fought against Emergency. This inspires us to remain vigilant to safeguard our Constitution," he said. During the address, the Prime Minister also played archival audio recordings of speeches by leaders such as Morarji Desai, Atal Bihari Vajpayee, and Jagjivan Ram, who had recounted the atrocities faced by people during the Emergency period. The Emergency was declared on June 25, 1975, and lasted 21 months until March 1977. It was marked by the suspension of civil liberties, press censorship, and widespread arrests of political leaders. Modi's criticism of the Emergency-era actions, delivered without directly naming the Congress or then Prime Minister Indira Gandhi, came at a time when the ruling BJP and opposition parties are engaged in a sharp exchange, with the opposition alleging that an undeclared Emergency exists under the Modi government.
