Page 9 - Gst Collection

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)

GST's high point

More than recovery, better compliance has improved collection

Government launches massive crackdown on 7,000 GST evaders, 185 arrested

The government netted a record GST collection of Rs 1.15 lakh crore in December 2020, helped by the action against tax evaders alongside pick up in the economy

GST mop-up at record high, surges to Rs 1.15 trillion in December

The collection rose for the fourth consecutive month in December, indicating the reinstatement of normalcy in economic activity after months of disruption caused by the Covid-19 lockdown

Top headlines: Companies hold back on capex, GST mop-up at record high

Business Standard brings you top news of the evening

Clampdown on fake bills: Rs 50 lakh a month biz to suffer 1% GST in cash

Rule 86B under Central GST Act limits use of input tax credit for discharging liability, changes GST registration rules as well

At least 104 arrested in 3 weeks in fake GST invoice fraud: DGGI

On Friday, the authorities arrested 8 more fraudsters, booked 65 cases and unearthed 114 fake GSTIN entities

GST mop-up crosses Rs 1 trn for second straight month on festive sales

Experts attribute it to festive season demand; warn it may not be sustainable

States' indebtedness may soar 36% to Rs 68 trn this year: Report

The report is based on the state of finances of the top-18 states, including Goa and excluding Delhi, which account for 90per cent of the aggregate gross state domestic product

Curbing GST evasion: E-invoicing has a long way to go, say experts

The Centre will extend it to companies with at least a Rs 100-crore turnover in January and for all companies in April next year for B2B transactions.

Fake invoice issue: GST Council law panel urges Aadhaar-like registration

Wants physical verification if applicants opt for non-aadhaar process. Committee met in the wake of rising number of fake invoices under GST system

Difficult to sustain Rs 1-trillion monthly GST collection, say experts

They believe the October mop-up may have resulted from pent-up demand, and are sceptical about the post-festive season scenario