Page 10 - Gst Collection

GST collections cross Rs 1 trillion in October for first time in 8 months

GST collections in October stood at over Rs 1.05 trillion, crossing for the first time Rs 1 trillion mark since February this year, the finance ministry said

Jump in returns filing may take GST mop-up to Rs 1 trillion this month

Experts say this may sustain for the next three months

GST compensation shortfall: Tamil Nadu becomes 21st state to pick Option 1

Gets nod to borrow Rs 9,600 crore, total additional borrowing touches Rs 78,000 crore

FPIs turn positive on Indian markets, invest Rs 1,086 cr so far in October

According to the depositories data, overseas investors pumped in a net Rs 5,245 crore into equities and withdrew Rs 4,159 crore from the debt market during October 1-9

Top headlines: Economic recovery picks up pace; GST mop-up rises by 4%

From pickup in GST mop-up to new FSSAI roadblocks for food and beverage companies near schools, here are top headlines this morning

From tax collection to car sales, India's economic recovery picks up pace

GST mop-up at 7-month high, manufacturing PMI at 8-year high, but new projects down 81% in Q2

GST mop-up rises 4% to Rs 95,480 cr in Sept as recovery picks up pace

The data comes in the backdrop of simmering tension between the Centre and states over the promised compensation and ahead of the Council meeting on Monday

GST collections at Rs 95,480 crore in September, highest this fiscal

In September, the tax collected from import of goods was 102% and the revenues from domestic transaction were 105% of the revenues from these sources during the same month last year

Mamata asks PM to intervene in GST impasse, joins non-BJP CMs in 'protest'

Asserts that Centre must borrow to meet GST shortfall at this critical hour of Covid-19 pandemic, says states will reciprocate

GST compensation row: State govts ask Centre to borrow and pay

The finance ministry on Saturday officially communicated the finer details of the two options to states to make up for the compensation shortfall by way of borrowings

West Bengal rejects Centre's borrowing propositions to meet GST shortfall

Says will engage with other states to take collective steps

Icra finds FinMin's estimates of GST compensation gap much smaller

Estimates by Icra put the total gap at Rs 2.92 trillion against the ministry's estimates of Rs 2.35 trillion

FinMin unlikely to take Covid-hit FY21 as a base for FY22 Budget

FY20 is being considered for a 'more realistic comparison'

Economic activity reviving; GST collections good sign: CBDT chief Mody

He tells Dilasha Seth, in an interview, that 58,000 cases will be assessed through the faceless mechanism by October.

GST compensation period: States likely to push for five-year extension

Set to seek higher borrowing limits as revenues dry up

Covid won't deter us from path of speedy GST reforms: Ajay Bhushan Pandey

While not affirming new timelines for the simplified returns forms, Pandey says invoice matching is already happening at the back-end and quarterly payments are allowed for small taxpayers.

Covid-19 crisis: States divided on alternative GST compensation mechanism

While Punjab and Kerala will press the GST Council to borrow in order to compensate states, Bihar Deputy Chief Minister Sushil Kumar Modi called the idea "wishful thinking"

The past three years of GST and the road ahead

The journey has been a mixed bag, as several issues remain unresolved: Let's turn back and revisit what GST has attained and it couldn't

Centre profiteering from price hike, says Sonia; Pradhan rebuts charges

Pradhan, however, said Congress-ruled states were equally responsible for an overall rise in oil prices

GST effect: How retail inflation rate changed over the last 3 years

The inflation rate in cigarettes hit double digits during July-March of FY18, but came down in the next two years