Page 8 - Gst Collection

Field officers are recovering GST without notice: Industry experts

In the recent instruction, the GST investigation wing asked the field formation to issue showcause notices well before the last date, so that the probe can be completed

GST Council extends levy of compensation cess till March 2026

The GST Council has agreed to levy compensation cess for an extended period upto March 2026 to enable the Centre to repay the loans, to compensate states for GST collection shortfall

Hit by GST recovery notices and summons, industry calls for help

GST authorities are issuing notices containing denial of input tax credit and in many cases they are blocking the entire input tax credit, even if only one vendor fails to deposit GST

Odisha records 41% jump in August GST collection to Rs 3,316.55 crore

The state collected Rs 16,977.92 crore GST in the current fiscal till August, as against a collection of Rs 9,888.99 crore in the same period last year

GST mop-up dips but stays above Rs 1 trillion for the second month

August number contrasts sharp pick-up seen in daily e-way bill generation

GST collection in August at over Rs 1.12 trillion: Govt

Govt says the robust GST revenues are likely to continue in the coming months too

GST collection recovers to a 3-month high of Rs 1.16 trn in July

On a year-on-year basis, the July GST collection witnessed a 33 per cent jump

GST collections fall below Rs 1-trn mark after eight months in June

Hit 10-month low due to second wave; experts say mop up is better than expected, will provide a cushion to govt to ramp up spending

Gadkari says GST was 'very essential', sees 'room for improvement'

Gadkari, who holds MSME portfolio along with road transport, further said there is a need to build consensus with states to bring petroleum products and alcohol under the GST regime

Enhanced GST mop-up of recent months should now be 'new normal': FM

Sitharaman said taxpayer base has almost doubled to 1.28 crore in four years of rollout of the historic tax reform and the enhanced GST mop up in the recent months should now be the "new normal"

Four years of GST

Some distance covered but there is scope for a huge improvement

GST: A turning point?

The recent upsurge in revenues offers the prospect of the country breaking out of the long-stagnant tax-to-GDP ratio

Advance tax collection surges 146% despite Covid-19-led economic disruption

Net direct tax mop-up zooms 100% till June 15

GST collections fall to an 8-month low in May; exceed Rs 1 trillion-mark

The goods and services tax collection stood at Rs 1.02 trillion in May compared with a record high of Rs 1.41 trillion in April and Rs 1.24 trillion in March

More misses than hits

GST Council should have addressed pressing issues

GST revenue shortfall: Centre may have to borrow Rs 1.58 trillion

Shortfall estimated at Rs 2.7 trn; Rs 1.1 trn may be met via cess collection

Centre, states stare at Rs 2-trillion GST cess gap amid Covid-19

The GST compensation of states is expected to widen to Rs 2.5-3 trillion in FY22 as against the cess collection of Rs 1 trillion estimated in the Budget

Rationalise rates

GST Council must address the shortfall in collection

Second Covid-19 wave: Daily e-way bill generation falls to one-year low

GST mop-up likely to fall in May, June

Charge 0.1% GST on Covid vaccines, medical items

GST is applicable on domestic supplies and commercial import of vaccines at 5 per cent and on Covid drugs, oxygen concentrators, etc. at 12 per cent