GST

Union Budget 2021: Automobile industry optimistic about recovery from pandemicIndia

Union Budget 2021: Automobile industry optimistic about recovery from pandemic

<p>vv. As the year 2021 unfolds, the Indian auto industry is optimistic to recover from the throes of the further downturn caused by COVID-19 pandemic. The government has already shown focus on initiatives that are likely to improve the sentiments in the auto sector. The rollout of schemes like ‘Production Linked Incentive’ (PLI); ‘Manufacture and […]</p>

By Connect Gujarat Desk 27 Jan 2021
GST collections over Rs 1 lakh crore for second consecutive monthIndia

GST collections over Rs 1 lakh crore for second consecutive month

<p>Finance Ministry has said that Revenue from the Goods and Services Tax(GST) exceeded One Lakh Crore Rupees for the second consecutive month. The Collection of one lakh four thousand nine hundred and 63 crore Rupees in November, a 1.4% year-on-year growth, and also registering a third straight month of growth – indicates that economic activity […]</p>

By Connect Gujarat Desk 02 Dec 2020
GST collections may cross Rs 1 lakh-crore mark for the first time in 8 monthsIndia

GST collections may cross Rs 1 lakh-crore mark for the first time in 8 months

<p>Goods and Services Tax (GST) collections, a barometer of economic health, are expected to exceed Rs 1 lakh crore in October for the first time in eight months since the coronavirus disease (Covid-19) pandemic gripped India and forced a national lockdown, according to two officials with direct knowledge of the situation. Available data show that […]</p>

By Connect Gujarat Desk 24 Oct 2020
Finance Ministry allows 20 States to raise over Rs 68,000 Cr through open market borrowingsIndia

Finance Ministry allows 20 States to raise over Rs 68,000 Cr through open market borrowings

<p>PicThe Department of Expenditure in the Ministry of Finance yesterday granted permission to 20 States to raise an additional amount of 68 thousand 8 hundred 25 crore rupees through open market borrowings. The Ministry of Finance said, additional borrowing permission has been granted at 0.50 per cent of the Gross State Domestic Product, GSDP to […]</p>

By Connect Gujarat Desk 14 Oct 2020
FM: GST compensation gap of over Rs two lakh crore can be met by states in consultation with RBIIndia

FM: GST compensation gap of over Rs two lakh crore can be met by states in consultation with RBI

<p>States have been given two borrowing options to meet shortfall of GST compensation. After chairing the 41st GST Council meet yesterday, Finance Minister Nirmala Sitaraman said, the two options were placed before states so that each state does not have to struggle for loans. Ms Sitharaman said, this year’s entire GST compensation gap of two […]</p>

By Connect Gujarat Desk 28 Aug 2020
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