GST revenue collection for July 2020
NEW DELHI: The gross GST revenue collected in the month of July, 2020 is Rs 87,422 crore of which CGST is Rs 16,147 crore, SGST is Rs 21,418 crore, IGST is Rs 42,592 crore (including Rs 20,324 crore collected on import of goods) and Cess is Rs 7,265 crore (including Rs 807 crore collected on […]
No GST exemption to help businesses fight Covid-19 disruptions
NEW DELHI: The Finance Ministry has ruled out GST waiver or deference to businesses as part of the economic relief package to help them cope with the situation arising in the wake of Covid-19 pandemic and the resultant nationwide lockdown. In discussions within the ministry, it has been said that Goods and Sales Tax exemption […]
Clear picture of April GST collections will come by June-end: Finance Secretary
NEW DELHI: Finance Secretary Ajay Bhushan Pandey on Wednesday said the clear picture regarding GST collections for April would emerge only by June 30 — the deadline by which businesses with up to Rs 5 crore turnover can file returns without any late fee and interest. The government had in March extended the deadline to […]
Himachal Pradesh gets share of Rs 1899 crore as taxes from Centre
SHIMLA: The Himachal Pradesh government has received Rs 1,899 crore as taxes from the Centre, an official spokesperson said on Wednesday. The state government received the amount as per its share from central taxes in April this year from the union government, he added. The amount includes revenue deficit reimbursement, GST deficit reimbursement, Himachal’s share […]
GST mop-up slips below Rs 1 lakh crore-mark, March collection at Rs 97,597 crore
NEW DELHI: GST collections in March slipped below the psychological Rs 1 lakh crore-mark for the first time in four months to Rs 97,597 crore as COVID-19 lockdown that shut most businesses compounded tax collections in an already sluggish economy. Goods and Services Tax (GST) mop-up in March recorded a 8.4 per cent decline over […]
GST collections at Rs 1.05 lakh crore in February
NEW DELHI: The government of India on Sunday said it has collected Rs 1.05 lakh crore as GST revenue in February, up 8 per cent over the same month last year. The collection from Goods and Services Tax (GST) in February was, however, lower than the Rs 1.10 lakh crore collected in January 2020. “The […]
CBI books GST Assistant Commissioner Deepak Pandit for undeclared income
NEW DELHI: The CBI has booked Deepak Pandit, an Assistant Commissioner of GST and Central Excise, in corruption charges for amassing assets worth over Rs 3.96 crore which are 376 per cent above his known sources of income, officials said on Friday. Pandit, a close relative of film personality Ashoke Pandit, is alleged to have […]
GST collection at Rs 1.03 lakh crore in December
NEW DELHI: The gross GST revenue collected in the month of December, 2019 is Rs 1,03,184 crore of which CGST is Rs 19,962 crore, SGST is Rs 26,792 crore, IGST is Rs 48,099 crore (including Rs 21,295 crore collected on imports) and Cess is Rs 8,331 crore (including Rs 847 crore collected on imports). The […]
GST revenue collection declines to Rs 95,380 crore in October despite festive season
NEW DELHI: The Goods and Services Tax (GST) collection in October declined to Rs 95,380 crore, as against Rs 1,00,710 crore in the same month a year ago, as per government data released on Friday. The gross GST revenue collected in the month of October, 2019 is Rs 95,380 crore of which CGST is Rs […]
Oil Minister urges Sitharaman to include jet fuel, natural gas under GST
NEW DELHI: Oil Minister Dharmendra Pradhan on Monday made a vehement appeal to Finance Minister Nirmala Sitharaman for bringing jet fuel and natural gas under the ambit of GST to reduce multiplicity of taxes and improve business climate. When GST was introduced on July 1, 2017 amalgamating over a dozen central and state levies, five […]
GST collection falls below Rs 1 trillion in August
NEW DELHI: India’s gross GST collections slipped below Rs 1 trillion to Rs 98,202 crore in August, according to official data released on Sunday. Gross revenue collections from the Goods and Services Tax (GST) in July stood at Rs 1.02 trillion. The August 2019 mop-up was, however, 4.5 per cent higher than the Rs 93,960 […]
GST collections in June fall to Rs 99,939 crore, down from Rs 1 trillion in May
NEW DELHI: In signs of sluggish momentum in tax collections, Goods and Services Tax (GST) receipts in June fell to Rs 99,939 crore, down from over Rs 1 trillion in the previous month, the finance ministry said on Monday. While the GST collections in June were lower than Rs 1,00,289 crore in May, they were […]
Congress committed to single GST: Rahul Gandhi
NEW DELHI: Congress president Rahul Gandhi on Thursday said the “Gabbar Singh Tax” and demonetisation “destroyed” crores of jobs, and asserted that his party was committed to implementing a “single GST”. He also tweeted a video on the Congress’s vision for “GST 2.0”, which highlights the problems faced by small traders from the current version […]
GST collections records Rs 1.06 lakh crore in March
NEW DELHI: Total Gross GST revenue collected in the month of March, 2019 is Rs. 1,06,577 crore of which CGST is Rs. 20,353 crore, SGST is Rs.27,520 crore, IGST is Rs.50,418 crore (including Rs. 23,521crore collected on imports) and Cess is Rs. 8,286 crore (including Rs. 891crore collected on imports). The total number of GSTR […]
NAREDCO welcomes lowering of GST; demand for further rationalization
NEW DELHI: The apex body of real estate sector, National Real Estate Development Council (NAREDCO) has lauded government’s move to lower goods and services tax (GST) on affordable housing from 8 to 1 percent and other housing from 12 to 5 percent. In the last Meeting GST Council has announced the lowering of GST on […]
Lowering of GST in real estate will boost sales in affordable housing: BK Goenka, ASSOCHAM President
NEW DELHI: The central tax authority, GST Council has taken a bold decision to lower the GST rates for under-construction housing projects to 1 per cent from 8 per cent in affordable housing and 5 per cent from 12 per cent earlier in the non-affordable segment. The decision will be implemented from April 1, 2019. […]