GST collection
Govt to exceed FY22 tax collection target, direct tax mop-up at Rs 6 lakh cr till Oct: Official
Sun, Nov 21, 2021
With the net direct tax collection till October closing in on Rs 6 lakh crore and average monthly GST mop-up likely around Rs 1.15 lakh crore this fiscal, the government's tax collection kitty will surpass budget estimates this financial year, Revenue Secretary Tarun Bajaj said.
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High GST collection shows resilience of Indian economy: Anurag Thakur
Thu, Jul 01, 2021
Minister of State for Finance and Corporate Affairs Anurag Thakur said that the record high GST collections in the past few months despite the pandemic show India's economic resilience and the sincerity of businesses towards nation building.
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Despite lack of business activity, GST collection in April astounding, says Anil Singhvi
Mon, May 03, 2021
In a special edition of the Editor’s Take show, Zee Business Managing Editor Anil Singhvi said that he was surprised about the goods and services tax (GST) collection in April. The central government on Friday reported a record GST revenue collection of Rs 1.41 lakh crore in April 2021.
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Covid-19 impact: GST collection drops 14% to Rs 87,422 cr in July
Sun, Aug 02, 2020
The Covid-induced shrinking of economic activity for the past few months 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 of Rs 1 lakh crore to Rs 87,422 crore in July.
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GST collection drops 9% to Rs 90,917 cr in June
Wed, Jul 01, 2020
The revenues during the financial year has been impacted due to COVID-19, firstly due to the economic impact of the pandemic and secondly due to the relaxations given by the Government in filing of returns and payment of taxes due to the pandemic. However, figures of past three months show recovery in GST revenues, the statement added.
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Centre eyes NEW revenue stream to add to GST collection! Looks to raise as much as Rs 46K cr
Wed, Feb 12, 2020
As per the letter, the Principal ADG (systems) on Feb 1, 2020 generated and shared the GSTIN wise list of the registered persons who have not discharged the due interest liability while filing their GSTR 3B returns belatedly. On perusal of said report, it was observed that the interest amounting to Rs 45,996 crores remains unpaid to the government on account of delayed payment of tax.
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Meeting Fiscal deficit target for FY 2018-19 will be challenge for govt: Experts
Mon, Jan 14, 2019
Fiscal deficit: Some of the experts have already projected that the fiscal deficit could rise to 3.5 per cent of the GDP, more than the budget estimate of 3.3 per cent of the GDP for the current fiscal. The government's fiscal deficit touched 114.8 per cent of the full-year estimates at the end of November.
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