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GST collection News
February GST collection crosses Rs 1 lakh crore mark
Sun, Mar 01, 2020
The government has collected ₹1.05 lakh crore as GST revenue in February, up 8% over the same month last year. This is the fourth consecutive month when the government mopped up GST collection above ₹1 lakh crore mark.
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.
Zee Exclusive: PMO addresses meeting over ways to boost GST collection
Fri, Oct 11, 2019
Zee Exclusive: PMO addresses meeting over ways to boost GST collection.
GST collection hits record high of ₹1.06 lakh crore in March
Mon, Apr 01, 2019
Finance Ministry said that GST collection in March surged to ₹1.06 trillion—the highest monthly mop-up for 2018-19. Watch full video to know more.
GST collections in February 2019 up 13%
Fri, Mar 01, 2019
Out of the Rs 97,247 crore collected in February 2019, Rs 17,626 crore was collected as Central-GST (CGST), Rs 24,192 crore as State-GST (SGST), Rs 46,953 crore as Integrated-GST (IGST) and Rs 8,476 crore as cess.
Budget 2019: 6 key things that will decide fate of India's finances in FY19-20
Fri, Feb 01, 2019
Budget 2019: Interim Finance Minister Piyush Goyal will announce interim Union Budget 2019 on the morning of February 01.
Government may miss divestment target by Rs 20K cr: Report
Fri, Jan 18, 2019
Fiscal deficit will come at 3.5 percent as against the targeted 3.3 percent on the shortfall in disinvestment mop-up and also the dip in the GST collections, domestic rating agency Care Ratings said Friday.
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.
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.
Fiscal slippage, LTCG, rural push main focus of Budget 2018
Thu, Feb 01, 2018
Higher than estimated expenses and lower revenue on account of lower GST collections and no spectrum auctions lead to miss fiscal deficit target
GST promises to be a buoyant source of future revenues: Economic Survey
Mon, Jan 29, 2018
For understanding the current revenue performance, the survey explained that it requires all the taxes that the GST replaced from an all-India perspective.
India Inc may get relief in GST transition credit in Budget 2018
Tue, Jan 09, 2018
Goods and Service Tax (GST) has been effective in India since July 2017, and many taxpayers, exporters, industries and markets have claimed that they faced difficulties in adapting the regime.
After low GST collection, govt extends GSTR-1 deadline till January 10, 2018
Fri, Dec 29, 2017
GSTR-1, which summarizes all outward supplies by normal and casual registered taxpayers, has total 13 sections and is based on your turnover.
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 .
Tax payers can see status of returns filed on GSTN portal
Wed, Dec 27, 2017
"All users logging on the GST portal can now see the status of their returns filed for all the returns like GSTR-1 or GSTR-3B at one place," GSTN CEO Prakash Kumar said.
GST collections dip in October to Rs 83,346 cr; 95.9 lakh taxpayers registered
Mon, Nov 27, 2017
The Finance Ministry said that the states' revenues have been fully protected taking base year revenue as 2015-16, providing a projected revenue growth rate of 14%.
GST collection tops Rs 94,000 crore for July from 44 lakh biz
Thu, Sep 07, 2017
Finance Minister Arun Jaitley had last week stated that 38.38 lakh businesses had filed their returns and paid Rs 92,283 crore in taxes for the month of July - the first month of implementation of independent India's biggest tax reform, the GST.