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India’s economic landscape is currently under intense scrutiny from both domestic and international observers. The nation’s impressive growth is supported by macroeconomic stability, consistent policies, and transformative structural reforms. As India is poised to become a significant contributor to global GDP growth in the coming years, the Economic Survey...
July marks the seventh anniversary of the Goods and Services Tax (GST) in India, a landmark economic reform since the liberalization policies of 1991. GST was designed to unify the tax system by consolidating various state and central taxes, thereby creating a single market across the country. The aim...
Every Friday, Plain Facts takes a comprehensive dive into the data landscape, offering readers a chance to explore the week's news stories through the lens of numbers and statistics. This week's data recap highlights the significant growth in Goods and Services Tax (GST) collections, explores the trends in car...
The latest changes relating to GST recommended in the 47th GST council meeting, came into effect from 18th of July.  The Central Board of Indirect Taxes and Customs issued a set of FAQs on Sunday night, just before when new GST rates will be applicable to specified products. This move...