Page 8 - Gst Collection

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

Renewed risks to recovery

Rising Covid cases could reverse recent gains

Record GST collection due to recovery, increased compliance: Revenue Secy

GST collection in March this year stood at a record high of Rs 1,23,902 crore

Recovery on a roll: GST mop-up hits record Rs 1.24 trillion in March

Tax collections exceed Revised Estimates; Centre's fiscal deficit expected lower than 9.5% of GDP in FY21

Increased economic activities led to higher GST collection: MoS Finance

GST collections stood above Rs 1 trillion for five months in a row since October 2020

96% of GST compensation shortfall to states released so far, shows data

Under the special window, the Centre has been borrowing in Government Stock with a tenure of three years and five years on behalf of states

GST can make fuel cheaper by up to Rs 20 and Rs 25 per litre: Study

A dollar increase in crude oil prices will push up petrol price by 50 paise and diesel by 150 paise per litre

GST collections signal robust e-way bill generation in March, shows data

Transactions in February would primarily show in the March GST collections

Indirect Taxes: FM Sitharaman's Budget attempts a delicate balancing act

The focus has been on smoothening the GST structure and removing anomalies, as well as closing loopholes to curb fraudulent practices

GST revenues touch an all-time high of Rs 1.20 trillion in January

GST collections for January touched an all-time high of about Rs 1.20 trillion, the Finance Ministry said on Sunday.

Budget 2021: Govt stares at revenue shortfall of Rs 7 trn this fiscal year

Revenue from disinvestment has been Rs 17,958 crore this financial year, against a target of Rs 2.10 trillion

Budget Byte: How GST collections and share of central scheme alter spending

While the actual expenditure on centrally sponsored schemes was more than the Budget estimate for FY17 and FY18, the target remained unmet in FY19 and FY20 (revised estimate)