Page 9 - Gst Collections

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

GST collection over Rs 1 trillion in July despite subdued CGST and SGST

However, the central and state portions remained subdued, posing a challenge for the revenue target for the financial year

Sitharaman says tax targets achievable, GST collections could rise: Report

GST collections fell below Rs 1 trillion ($14.59 billion) for the first time in the current fiscal year in June, projecting weak consumer demand

GST collections in June fall to Rs 99,939 cr, down from Rs 1 trn in May

While the GST collections in June were lower than Rs 1,00,289 crore in May, they were higher than Rs 95,610 crore receipts in the same month of the previous year

GST rates distortionary, procedures complicated: Bengal FM Amit Mitra

Mitra said the peak rate of 28% should be completely abolished

FY19 closes on a happy note with record GST collections at Rs 1.06 trillion

Together with direct taxes, it may help Centre move closer to fiscal deficit target

After breaching Rs 1-trn mark in Oct, Nov GST collections dip to Rs 976 bn

Rs 119.22 billion has been released to the states as GST compensation for the months of August and September

Festive season likely to drive GST collections past Rs 1 trillion in Nov

The collections during November and December 2018 would reflect the sales and purchases made during the months of October and November 2018

States moving closer to monthly GST mop-up targets; here's who stands where

The target for each state is based on the revenues that should flow to the state so that it does not need to be compensated for any loss in revenues from GST through the compensation cess

FinMin crafting strategy, engaging with states to boost GST revenues

The Centre paid Rs 149.3 billion to compensate states for revenue loss incurred in June and July, a nearly four-fold jump compared to Rs 38.99 billion paid for the months of April and May

Need to reach comfort zone before touching GST rates: Vanaja Sarna

In the GST, there is scope for rationalising rates, but timing is very important in all this, whether you want to do it now or wait for another 3 months & see how revenue is doing,says Sarna

For GST collections to keep growing

The government has cautioned that the March revenue figures cannot be taken as a trend for the future

April GST collections cross Rs 1 trillion, Jaitely terms it 'landmark'

The government mopped up Rs 1.03 lakh crore in GST collection in April, indicating stabilisation of the new indirect tax regime which was rolled out on July 1 last year

Rs 20,000 cr surplus in GST compensation cess fund as of end-Mar

In the last fiscal, the government collected Rs 62,021 crore as cess on sin and luxury goods

Rs 7.18 trn: July-Feb GST collections short of Rs 100 bn of original target

The mop-up was subdued in October, November and January, and that has led to some shortfall