Page 8 - Gst Collections

GST collection crosses Rs 1-trn mark for the fourth month in a row in Feb

The mop-up could have been much higher, but tax on imports fell 2 per cent year-on-year

Every penny counts as GST officers send demand notices to companies

Desperate push to meet collection target; firms receive notices for as low as Rs 2

Rs 81,043 cr GST compensation released to states for Apr-Sep: Govt to RS

GST compensation cess of Rs 7,607 crore was collected in October, Rs 7,727 crore in November, Rs 8,331 crore in December and Rs 8,637 crore in January

AI, data analytics help GST collection, loopholes being plugged: Sitharaman

Red-flag reports prepared every month, SMS being sent to those mentioned therein

GST collection crosses Rs 1.1 trn mark in January; in line with the target

In January, domestic GST collection was around Rs 86,453 cr. Around Rs 23,597 cr was collected through IGST and cess

FinMin revises target for GST collection in FY20; aims mop-up at Rs 1.5 trn

The government aims to collect Rs 10,000 crore more than what was targeted earlier at a time when all months till December in FY20 yielded less than Rs 1.1 trillion, except for April

Odisha's GST collection grows by 2% in Dec; country-wide growth at 16%

States like West Bengal (16 per cent), Assam (33 per cent), Chhattisgarh (15 per cent) and Andhra Pradesh (11 per cent) registered an impressive growth in GST collections in the same month

States likely to step up borrowing in 4th quarter for social expenditures

Almost all states have raised much more debt than at the same time last year, except Maharashtra.

GST Council to set up grievance redressal mechanism for taxpayers

The committee will meet once every quarter or more frequently as decided by the co-chairs

Re-think GST: No economy can afford to persist with a failed tax experiment

Let's pretend no more that the system isn't broken. The Centre needs to break heads in the GST Council and work out new slabs and rates (the fewer the better) and make a fresh start, writes T N Ninan

Don't over-react on GST

Govt must be restrained on collection targets

Don't tinker with GST rates: Amit Mitra to Sitharaman ahead of Council meet

West Bengal finance minister says Council should find ways to help the industry tide over present crisis

New GST rates likely from April 1; rate structure decision on Dec 18

Kerala Finance Minister Thomas Isaac told Business Standard that the proposal of tweaking the lower slabs would be strongly opposed

Central GST collection falls short of budget estimate by 40% during Apr-Nov

The minister said that as many as 999 cases were registered till October in the current fiscal for GST evasion and Rs 8,134.39 crore has been recovered.

There is economic slowdown, but no signs of recession: FM Sitharaman

The finance minister touched upon the difficulties in meeting the fiscal deficit, and indirectly signalled a fiscal slippage for the year

Govt concerned over fake invoicing in B2B trade impacting GST collections

He also asked the industry to contribute towards making India a USD 5 trillion economy.

UP GST collection dips 12%, Adityanath raps tax officials for muted numbers

Currently, only 1.4 million traders are registered under the GST. The CM stressed the number needed to increase to 2.5 million by next financial year

GST collections below Rs 1-trillion mark for a third straight month in Oct

October was the second month when the collection declined year-on-year. In September, it was down 2.7%

Oct GST collections remain subdued at Rs 95,380 cr despite festive season

This is the third consecutive month when GST mop-up remained below the Rs 1 trillion mark, despite October being a festive month

Centre's GST collections go up, states' portion dip in current fiscal year

In April-August 2019, Centre's GST revenue grew 13%, SGST for key states contracted 5%