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GST COLLECTIONS RISE 23% AMID STRONG ECONOMIC ACTIVITY WHY IN THJE NEWS ? Strong Growth: India’s gross GST collections increased by nearly 23% year-on-year, crossing ₹2.31 lakh crore in October. Economic Momentum: Robust domestic economic activity and higher import-related tax revenues contributed to the significant rise. Revenue Performance: The increase reflects improved tax mobilisation and …
Read MoreGST 2.0 Reforms Simplify Taxation Syllabus GS 3: Fiscal Policy Why in the News? Recently, the 56th GST Council meeting on September 3, 2025, approved landmark GST 2.0 reforms, simplifying tax slabs, reducing compliance burden, easing classification norms, and promising benefits for consumers, MSMEs, and the economy. This significant GST news has caught the attention …
Read MoreGST 2.0 IS A LANDMARK IN INDIA’S TAX JOURNEY Why in the news? The simplification of multiple GST slabs marks a people-centric reform. The 56th GST Council meeting (September 3, 2025) stands out as a defining milestone in India’s tax history. The reforms extend beyond mere tax rates and structures. They reflect a decisive move …
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