India’s GST Collections for March 2025: Trends, Insights, and Implications
The Goods and Services Tax (GST) collections for March 2025 reflect significant trends in India’s economic activity, indicating robust growth in tax revenues. This article provides a comprehensive analysis of…
Taxation: An Essential Pillar of Economic Development
A tax is a mandatory financial charge imposed by the government on individuals and legal entities to finance public expenditures. Taxes serve as the backbone of economic development, funding critical…
Tariffs: Definition, Types, Impact & Global Implications
Introduction Tariffs have long played a critical role in global trade, influencing economic policies, international relations, and market dynamics. A tariff is a tax or duty imposed by a government…
MSME Reforms in Budget 2025-26: Expanding Horizons for Entrepreneurs
The Union Budget 2025-26, presented by Finance Minister Smt. Nirmala Sitharaman, introduces significant reforms aimed at bolstering the Micro, Small, and Medium Enterprises (MSME) sector, recognizing it as a pivotal…
Marginal Tax Relief Explained: A Guide for Income Above ₹12 Lakh
The Union Budget 2025 has brought significant revisions to India’s income tax structure under the new regime, ensuring fair taxation for individuals earning beyond ₹12 lakh per annum. One crucial…
Goods and Services Tax (GST): A Comprehensive Guide
Introduction The Goods and Services Tax (GST) is a comprehensive, multi-stage, destination-based tax levied on the supply of goods and services in India. Implemented on July 1, 2017, GST replaced…
Comparing India’s GST with Global Taxation Models: Lessons from Other Countries
In the rapidly evolving landscape of taxation, the introduction of the Goods and Services Tax (GST) in India stands out as one of the most significant reforms in recent decades.…
GST Compensation Cess: Why It Matters for States’ Finances
Introduction The introduction of the Goods and Services Tax (GST) in India marked a significant shift from the previous tax structure, aiming to unify indirect taxation across the country. However,…
GST E-Invoicing: How It Works and Its Impact on Businesses
Introduction E-invoicing under the Goods and Services Tax (GST) framework is a system introduced by the Indian government to enhance tax compliance and streamline invoice reporting. It requires businesses to…
Why Petroleum and Liquor Are Outside GST: A Detailed Analysis
Goods and Services Tax (GST) is a unified tax system that has replaced multiple indirect taxes in India. However, certain high-revenue generating commodities like petroleum products and liquor have been…













