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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.
[44] [45] Example: if Goa has collected a total GST revenue (intra state transaction - seller and buyer both are located in same state) of ₹ 100 million (US$1.1 million) in January, then the share of central government (CGST) will be ₹ 50 million (US$570,000) and the remaining ₹ 50 million (US$570,000) will be a share of Goa's state ...
Total Expenditure ('Crores) Total Expenditure % Ministry of Finance ₹ 1,858,159 38.547% Ministry of Defence ₹ 621,941 12.902% Ministry of Road Transport and Highways ₹ 278,000 5.767% Ministry of Railways ₹ 255,393 5.298% Ministry of Consumer Affairs, Food and Public Distribution ₹ 223,323 4.633% Ministry of Home Affairs ₹ 219,643
The Goods and Services Tax (GST) is an abolished value-added tax in Malaysia. GST is levied on most transactions in the production process, but is refunded with exception of Blocked Input Tax, to all parties in the chain of production other than the final consumer. The existing standard rate for GST effective from 1 April 2015 is 6%.
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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.
The GST replaced existing multiple taxes levied by the central and state governments. It an indirect tax (or consumption tax ) used on the supply of goods and services. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes.
In the financial year 2024, the telecom equipment production exceeded the milestone of Rs 45,000 crore with exports totaling approximately Rs 10,500 crore. [268] India is the second-largest market in the world by number of telephone users (both fixed and mobile phones) with 1.053 billion subscribers as of 31 August 2016.