GST Council meet begins: Focus on aid for Covid drugs, petrol under tax regime
The crucial meeting of the GST Council was underway in Lucknow on Friday.
The crucial meeting of the GST Council was underway in Lucknow on Friday.
The Goods and Services Tax (GST) system, country’s biggest tax reform, is going to complete four years today.
<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>
<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>
<p>Finance Ministry has said that 1 lakh 5 thousand 1 hundred 55 crore rupees of gross GST revenue has been collected in the month of October this year. Out of the gross GST revenue collected CGST is 19 thousand 1 hundred 93 crore rupees, SGST is 25 thousand 4 hundred 11 crore rupees, IGST is […]</p>
<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>
<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>
<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>
<p>Government has collected over one lakh five thousand crore rupees as Goods and Services Tax in February this year which is eight percent more than the GST collected in the same month of last year. Out of the total revenue, Central Goods and Service Tax (CGST) is over 20 thousand crore rupees, State Goods and […]</p>