Page 8 - Gst Collections

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%

MP, Punjab express concerns over delay in release of GST share by Centre

Nath said the GST is not being executed properly and several amendments were being made in quick succession

Kerala finance minister Thomas Isaac blames 'mess in GST' for low mop-up

Isaac tweeted that the record low GST collections in Sept not only reflected an economic slowdown, but also mess in GST administration.

GST collection dips 19-month low at Rs 91,916 cr, reflects weak demand

The revenue collection in the same month a year ago stood at Rs 94,442 crore

Slowdown blues: UP to plug gaps, intensify enforcement as tax purse shrinks

Yogi government to auction stone quarries, curb illegal mining to expand kitty

Top 10 biz headlines: BPCL stake sale likely, Aug auto sales plunge & more

From the govt planning to offload its Rs 40,000-cr stake in BPCL to four- and two-wheeler sales falling by almost half in Aug from the equivalent month last year, here are today's top business stories

GST mop-up less than Rs 1 trillion in August; Council to meet this month

This was the second month in the current fiscal year that the collections could not hit the Rs 1-trillion mark, the first being June