GST collection
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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What Arun Jaitley said after GST collection hit Rs 1 lakh cr mark
Fri, Nov 02, 2018
GST revenue had first crossed the landmark figure in April when the collections were Rs 1,03,458 crore. Since then collections have maintained above Rs 90,000 crore mark. The collections stood at Rs 94,016 crore in May, Rs 95,610 crore in June, Rs 96,483 crore in July, Rs 93,960 crore in August and Rs 94,442 crore in September.
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Disappointing GST data signals fiscal slippage in FY18
Fri, Dec 29, 2017
ICRA highlighted that stripping off 50% of the IGST inflows and the entire GST compensation cess receipts in November 2017, indicates that the balance taxes of the GoI contracted by a considerable 14.8% relative to November 2016 .
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