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The council is headed by the union finance minister Nirmala Sitharaman assisted with the finance minister of all the states of India. The GST council makes recommendations to the Parliament of India to make or amend laws related to the taxes on goods and services in India. [48] The 54th GST Council Meeting was held on 9th Sept 2024. [49] [50] [51]
ISO 3166-2:IN is part of the ISO 3166 standardization codes published by the International Organization for Standardization (ISO) for India. It is part of the ISO 3166-2, which defines codes for the names of the principal subdivisions (provinces or states) of all countries coded in ISO 3166-1.
In India states earn revenue through own taxes, central taxes, non-taxes and central grants. [1] For most states, own taxes form the largest part of the total state revenue. [1] Taxes as per the state list includes land revenue, taxes on agricultural income, electricity duty, luxury tax, entertainment tax and stamp duty. [2]
Map of the world showing national-level sales tax / VAT rates as of October 2019. A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit.
Bombay State was enlarged by the addition of Saurashtra State and Kutch State, the Marathi-speaking districts of Nagpur division of Madhya Pradesh and the Marathwada region of Hyderabad State. Rajasthan and Punjab gained territories from Ajmer State and Patiala and East Punjab States Union respectively and certain territories of Bihar were ...
States Andhra Pradesh = AP Arunachal Pradesh = AR Assam = AS Bihar = BR Chhattisgarh = CG Goa = GA Gujarat = GJ Haryana = HR Himachal Pradesh = HP Jharkhand = JH Karnataka = KA Kerala = KL Madhya Pradesh = MP Maharashtra = MH Manipur = MN Meghalaya = ML Mizoram = MZ Nagaland = NL Odisha = OD Punjab, Punjab (India) = PB Rajasthan = RJ Sikkim = SK
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.
GSDP is the sum of all value added by industries within each state or union territory and serves as a counterpart to the national gross domestic product (GDP). [1] As of 2011 [update] , the Government accounted for about 21% of the GDP followed by agriculture with 21% and corporate sector at 12%.