<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>
<p>The GST revenue collection has crossed one lakh crore rupees in December last year, which is a growth of 16% over the revenue collected in the same month in 2018. The total GST collected during last month was one lakh three thousand and 184 crore rupees. Finance Ministry said, a total of over 81 lakh […]</p>
<p>A range of measures to go after tax defaulters and simplifying the GST filing process was discussed by the Group of Ministers headed by Bihar Deputy Chief Minister Sushil Modi in Bengaluru yesterday. Briefing media persons in Bengaluru, Sushil Modi informed that the number of active GST taxpayers has gone up to one crore twenty-one […]</p>
<p>The Goods and Services Tax, GST Council approved to increase the rate for lotteries. A single GST rate of 28% will be imposed on state-run and private lotteries. Revenue Secretary Ajay Bhusan Pandey said, the council has decided to rationalise GST rate on Oven and Non-Oven Bags to 18%. The rates on lottery and oven […]</p>
<p>Centre releases Rs 35,298 crore as GST compensation to states. The move came two days ahead of the GST Council meeting scheduled for Wednesday. The central government on Monday released Rs 35,298 crore to states to make up for the loss of revenue due to rollout of the Goods and Services Tax (GST). When GST […]</p>
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