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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.
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.
The GST is imposed at variable rates on variable items. The rate of GST is 18% for soaps and 28% on washing detergents. GST on movie tickets is based on slabs, with 18% GST for tickets that cost less than ₹100 and 28% GST on tickets costing more than ₹100 and 28% on commercial vehicle and private and 5% on readymade clothes. [33]
These are lists of Indian states and union territories by their nominal gross state domestic product (GSDP). 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]
Karnataka: 11-09-2007: 49: Manyata Embassy Business Park SEZ: Bengaluru, Karnataka: Cochin Special Economic Zone: IT/ITES: Karnataka: 16-11-2006: 50: Wipro Limited (Electronic City) Varthur Hobli, Electronic City, Bengaluru, Karnataka: Cochin Special Economic Zone: It: Karnataka: 07-07-2006: 51: Wipro Limited (Sarjapur) Varthur Hobli, Sarjapur ...
In April, 2008, the EC submitted a report, titled "A Model and Road map for Goods and Services Tax (GST) in India" containing broad recommendations about the structure and design of GST. In response to the report, the Department of Revenue made some suggestions to be incorporated in the design and structure of proposed GST bill.
Karnataka is the leader in the information technology sector in India and its capital, Bangalore, is known as the Silicon Valley of India. In the IT sector, Karnataka generated a total revenue of ₹ 516.5 billion in the financial year 2006–07 which included ₹ 487 billion from software exports and ₹ 29.5 billion from hardware exports. [28]
Karnataka (/ k ər ˈ n ɑː t ə k ə / kər-NAH-tə-kə; ISO: Karnāṭaka, Kannada: [kɐɾˈnaːʈɐkɐ]) is a state in the southwestern region of India. It was formed as Mysore State on 1 November 1956, with the passage of the States Reorganisation Act, and renamed Karnataka in 1973.