The gross revenue from Goods and Service Tax (GST) in the month of May came in at Rs 140,885 crore, data showed on Wednesday. New Delhi, June 1 (IANS) The gross revenue from Goods and Service Tax (GST) in the month
The Centre has cleared the entire amount of Goods and Service Tax (GST) compensation payable to states up to May 31, by releasing an amount of Rs 86,912 crore, an official statement said on Tuesday. New Delhi, May 31 (IANS) The
New Delhi, May 1 (IANS) The monthly collection under the Goods and Services Tax (GST) has touched a record high of Rs 1.68 lakh crore in April 2022, data showed. The gross GST collection has crossed the Rs 1.5 lakh crore-mark
The net direct tax collections (income tax and corporate tax) reached an all time high of Rs 14.09 lakh crore in financial year 2021-22 against Rs 9.45 lakh crore collections in FY 2020-21, CBDT Chairman J.B. Mohapatra said on Tuesday.
Accelerated economic recovery along with enhanced compliance pushed India’s FY22 tax collection to Rs 27.07 lakh crore, almost Rs 5 lakh crore above the Union budget’s estimate of Rs 22.17 lakh crore. New Delhi, April 9 (IANS) Accelerated economic recovery along
New Delhi, April 4 (IANS) The GST Council has not recommended reduction of the 18 per cent GST rate on health insurance schemes, Finance Minister Nirmala Sitharaman told the Parliament on Monday. At present, GST on health insurance services is levied
The gross GST collection in Odisha has recorded a 49 per cent growth during the financial year 2021-22 against the collection made during the previous financial year (2020-21), officials said here on Saturday. Bhubaneswar, April 4 (IANS) The gross GST collection
New Delhi, April 2 (IANS) India’s GST collection touched a record high in March 2022 at Rs 1,42,095 crore, official data showed on Friday. The previous record high stood at Rs 1,40,986 crore collected in January 2022. On a year-on-year basis,
Union Finance Minister Nirmala Sitharaman on Tuesday said that the GST Council should not be politicised as it is a body in which every finance minister from every state sits in and decides on how the disbursements happen. New Delhi,
New Delhi, March 11 (IANS) The Central government on Thursday invited applications from the drone industry for the sector’s production linked incentive (PLI) scheme. The total incentive in the scheme is Rs 120 crore spread over three financial years, and the
New Delhi, March 1 (IANS) India’s GST collection rose 18 per cent in February 2022 on a year-on-year basis to Rs 133,026 crore, official data showed on Tuesday. However, on sequential basis, last month’s collections were slightly lower than those of
Chennai, Feb 23 (IANS) Indian beedis are being exported to various countries, said officials at a panel discussion and therefore on the need to reduce the Goods and Services Tax (GST) tax rate on the product from 28 per cent. Industry
New Delhi, Feb 11 (IANS) The Confederation of All India Traders on Thursday urged Union Finance Minister Nirmala Sitharaman to withdraw the proposed GST tax on textiles. In the GST Council meeting in late 2021, it was unanimously decided to defer
Bhubaneswar, Feb 4 (IANS) Odisha recorded a 27.35 per cent growth in gross GST collection in January 2022 as compared to the same month of 2021, officials said here on Thursday. The state collected Rs 3,995.40 crore last month as against
New Delhi, Jan 18 (IANS) Shares in textile business have witnessed a consistent uptick in the recent months due to various policy measures and on hopes of a firm outlook for the sector going ahead. Besides, the GST council’s recent move
New Delhi, Jan 1 (IANS) India’s GST collection rose 13 per cent in December 2021 on a year-on-year basis to Rs 1,29,780 crore. However, December’s collections declined on a sequential basis from Rs 1,31,526 crore reported for November. “The revenues for
New Delhi, Dec 16: The Minister of State for Petroleum and Natural Gas, Rameswar Teli in a written reply to a question in the Lok Sabha today informed that in order to promote ethanol blending, the Government has lowered Goods
Bhubaneswar, Dec 3 (IANS) Odisha has recorded 64 per cent growth in GST collection in November compared to the same month of the last fiscal, officials said on Thursday. The state has collected GST of Rs 4,136 crore last month as
New Delhi, Dec 1 (IANS) India’s GST collection rose on both sequential and year-on-year basis in November. Accordingly, the gross GST collection rose to Rs 1,31,526 crore last month. This was the second straight month when the gross GST collection crossed
New Delhi, Nov 15 (IANS) Based upon specific intelligence, officers of the Anti Evasion Branch of Central Goods and Service Tax (CGST) Commissionerate, Delhi (East) have unearthed a case of availment/utilisation and passing on of inadmissible input tax credit (ITC), through
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