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Tag "goods and services tax"

GST collection drops 9% to Rs 90,917 cr in June

GST collection drops 9% to Rs 90,917 cr in June

🕔17:30, 1.Jul 2020

New Delhi, July 1  The COVID-19 induced shrinking of economic activity for past few months has continued to have its impact on government’s tax collections with revenue under the Goods and Services Tax (GST) falling far below the psychological level

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Govt releases Rs 36,400 cr as GST compensation to states for Covid-19 expenditure

Govt releases Rs 36,400 cr as GST compensation to states for Covid-19 expenditure

🕔07:15, 5.Jun 2020

New Delhi, June 5  In a bid to provide further relief to states amid the coronavirus outbreak, the finance ministry has released Rs 36,400 crore to states as compensation for their revenue loss in the goods and services tax (GST)

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GST collections dip to Rs 97,597 crore in March

GST collections dip to Rs 97,597 crore in March

🕔07:05, 2.Apr 2020

New Delhi, April 2  The sluggishness in the economy for the past few months has begun reflecting in the tax collections with the Goods and Services Tax (GST) mop-up breaching the psychological Rs 1 lakh crore level to Rs 97,597

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GST on mobile phones raised to 18%, rates on MRO services cut to 5%

GST on mobile phones raised to 18%, rates on MRO services cut to 5%

🕔09:42, 15.Mar 2020

New Delhi, March 14 The GST Council chaired by Finance Minister Nirmala Sitharaman on Saturday decided to raise rates on mobile phones to 18 per cent from 12 per cent now stating that the move would correct the inverted duty

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Govt firms up plan to tighten screw on GST evaders

Govt firms up plan to tighten screw on GST evaders

🕔18:09, 7.Jan 2020

New Delhi, Jan 7 (IANS) With the narrative shifting from rate increase to tightening the GST system, the government has finalised a slew of measures to curb evasion, including investigation of major fraud cases by Income Tax department (I-T) and frequent

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GST collection up 4.51% in August at Rs 98,202 crore

GST collection up 4.51% in August at Rs 98,202 crore

🕔19:41, 1.Sep 2019

New Delhi, Sep 1  The gross goods and services tax (GST) collection in August, 2019 stood at Rs 98,202 crore, up 4.51 per cent compared to Rs 93,960 crore in the same month last year. The GST collection, although higher

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June GST collection below Rs 1 lakh cr mark for first time in FY20

June GST collection below Rs 1 lakh cr mark for first time in FY20

🕔10:49, 2.Jul 2019

New Delhi, July 2  The Goods and Services Tax (GST) collection for the month of June rose 4.52 per cent to Rs 99,939 crore from the year ago period, but fell below Rs 1 lakh crore monthly revenue mop-up for

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CII calls for ‘GST 2.0’, tax rationalisation

CII calls for ‘GST 2.0’, tax rationalisation

🕔10:30, 1.Jul 2019

New Delhi, July 01  Stating that the Goods and Services Tax (GST) had been a “huge success”, industry body Confederation of Indian Industry (CII) on Saturday called for implementation of its next version. The call for further evolving GST comes

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GST Council focus now on easing compliance, curbing tax evasion

GST Council focus now on easing compliance, curbing tax evasion

🕔21:31, 21.Jun 2019

New Delhi, June 21  With the Goods and Services Tax (GST) regime stabilizing after a series of rate rationalizations, the focus of the government has now clearly shifted to easing the compliance burden and containing tax evasion. In its 35th

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NDDB urges finance minister to rationalize taxes on dairy items

NDDB urges finance minister to rationalize taxes on dairy items

🕔10:58, 13.Jun 2019

Anand, June 13  The National Dairy Development Board (NDDB) has called upon the Union Finance Minister Nirmala Sitharaman to rationalize direct and indirect taxes on dairy items and reduce the Goods and Services Tax (GST) on ‘ghee’ and flavoured milk,

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May GST collection stays above Rs 1 lakh cr, but lower than April

May GST collection stays above Rs 1 lakh cr, but lower than April

🕔16:47, 1.Jun 2019

New Delhi, June 1  The Goods and Services Tax (GST) collection for the month of May rose 6.67 per cent to Rs 1,00,289 crore from a year ago period staying above Rs 1 lakh crore in monthly revenue mop-up. The

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Indian economy to grow at 7% range in FY20: CEA

Indian economy to grow at 7% range in FY20: CEA

🕔09:54, 14.May 2019

New Delhi, May 14  The Indian economy will grow at 7 per cent range in the current fiscal powered by the effects of the strong structural reforms such as bankruptcy laws, Goods and Services Tax (GST), crackdown on shell companies

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CARE Ratings pegs GST collection at Rs 12.60-13.40 lakh cr in FY20

CARE Ratings pegs GST collection at Rs 12.60-13.40 lakh cr in FY20

🕔18:38, 5.May 2019

New Delhi, May 5  Research and rating firm, CARE Ratings, has projected the gross Goods and Services Tax (GST) collections in the range of Rs 12.60 to 13.40 lakh crore in the current financial year requiring an average monthly collections

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GST collection soars in April to Rs 1,13,865 crore

GST collection soars in April to Rs 1,13,865 crore

🕔16:17, 1.May 2019

New Delhi, May 1  The Goods and Services Tax (GST) collection rose 10.05 per cent to Rs 1,13,865 crore in April from a year ago recording highest ever monthly revenue mop-up since the new indirect tax system was rolled out

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March GST revenue highest at Rs 1.06 lakh cr

March GST revenue highest at Rs 1.06 lakh cr

🕔17:10, 1.Apr 2019

New Delhi, April 1 The Goods and Services Tax (GST) collection for March rose 15 per cent year-on-year to Rs 1.06 lakh crore. The collection of Rs 1,06,577 crore for March though was the highest-ever monthly collection since the introduction

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GST collections for January expected at Rs 103,000 cr

GST collections for January expected at Rs 103,000 cr

🕔12:48, 1.Feb 2019

New Delhi, Feb 1 The Goods and Services Tax (GST) collections for January have crossed the Rs 1 lakh crore mark and is expected to be Rs 103,000 crore, acting Finance Minister Piyush Goyal said on Friday. Presenting the Interim Budget

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Movies, monitors, video games to cost less; GST Council leaves cement at 28%

Movies, monitors, video games to cost less; GST Council leaves cement at 28%

🕔21:49, 22.Dec 2018

New Delhi, Dec 22 (IANS) Computer monitors, TV screens, video games, lithium-ion power banks, retreaded tyres, wheelchairs and cinema tickets are among products and services set to get cheaper as they have been removed from the highest 28 per cent bracket

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Six items taken out of the 28% GST tax bracket: Jaitley

Six items taken out of the 28% GST tax bracket: Jaitley

🕔17:59, 22.Dec 2018

New Delhi, Dec 22  Finance Minister Arun Jaitley on Saturday said that six items have been removed from the 28 per cent tax bracket under the Goods and Services Tax (GST) regime. There were 34 items in the 28 per

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Government releases Rs 600 crore aid to Kerala

Government releases Rs 600 crore aid to Kerala

🕔08:33, 22.Aug 2018

New Delhi, Aug 22  The Centre on Tuesday released Rs 600 crore to the Kerala government for relief work in the flood-ravaged state and decided to waive Customs Duty and Goods and Services Tax (GST) on relief materials being imported.

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Cashback incentive to promote digital payment

Cashback incentive to promote digital payment

🕔20:49, 4.Aug 2018

New Delhi, Aug 4  The Goods and Services Tax (GST) Council in its meeting on Saturday decided to start a pilot project to give 20 per cent cashback of the GST paid to incentivise digital payment in the country. “Under

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