Page 5 - Gst Collection

Top headlines: Companies hold back on capex, GST mop-up at record high

Business Standard brings you top news of the evening

Clampdown on fake bills: Rs 50 lakh a month biz to suffer 1% GST in cash

Rule 86B under Central GST Act limits use of input tax credit for discharging liability, changes GST registration rules as well

At least 104 arrested in 3 weeks in fake GST invoice fraud: DGGI

On Friday, the authorities arrested 8 more fraudsters, booked 65 cases and unearthed 114 fake GSTIN entities

GST mop-up crosses Rs 1 trn for second straight month on festive sales

Experts attribute it to festive season demand; warn it may not be sustainable

States' indebtedness may soar 36% to Rs 68 trn this year: Report

The report is based on the state of finances of the top-18 states, including Goa and excluding Delhi, which account for 90per cent of the aggregate gross state domestic product

Curbing GST evasion: E-invoicing has a long way to go, say experts

The Centre will extend it to companies with at least a Rs 100-crore turnover in January and for all companies in April next year for B2B transactions.

Fake invoice issue: GST Council law panel urges Aadhaar-like registration

Wants physical verification if applicants opt for non-aadhaar process. Committee met in the wake of rising number of fake invoices under GST system

Difficult to sustain Rs 1-trillion monthly GST collection, say experts

They believe the October mop-up may have resulted from pent-up demand, and are sceptical about the post-festive season scenario

Telangana accepts Centre's borrowing option to meet GST shortfall

Telangana has accepted Centre's borrowing proposal to meet GST revenue shortfall and will get Rs 2,380 crore through the special window. "The Government of Telangana has communicated its acceptance for Option-1 out of the two options suggested by the Ministry of Finance to meet the shortfall in revenue arising out of GST implementation.The state has now joined 22 other states and 3 Union Territories (Delhi, Jammu & Kashmir and Puducherry) who have opted for Option-1," the Finance Ministry said in a statement. The Centre has already borrowed Rs 18,000 crore on behalf of the states in three instalments and has passed it on to 22 states and 3 Union Territories on October 23, November 2 and November 9. Now Telangana will receive funds raised through this window and the next instalment of borrowings is likely to be released on November 23, the ministry added. Under the terms of Option-1, besides getting the facility of a special window for borrowings to meet the shortfall arising out ..

New issuers advance listing plans, look to cash on market resurgence

Half a dozen IPOs could be launched in 4-6 weeks to raise up to Rs 10,000 cr

GST shortfall: Now, Rajasthan accepts Centre's compensation proposal

The Centre borrowed and transferred the second installment of Rs 6,000 crore to 16 states and three UTs under a special borrowing window on Monday

GST collection, power consumption show recovery: Ex-RBI chief C Rangarajan

If there is no second wave of COVID-19, 2021-22 can see a pick-up and by the end of FY 2021-22, there will be further picking up (of the economy), he said

Best of BS Opinion: The post-lockdown scars, pollution in NCR, and more

Here's a selection of Business Standard opinion pieces for the day

GST shortfall: Puducherry accepts Centre's compensation proposal

States like Kerala, West Bengal, Punjab and Jharkhand have not accepted the proposal, hence are not getting the borrowed amount

GST collections cross Rs 1 trillion in October for first time in 8 months

Mop up grows 10% y-o-y at Rs 1.05 trillion, almost equal to levels in February before a nationwide lockdown to contain the coronavirus pandemic

GST collections cross Rs 1 trillion in October for first time in 8 months

GST collections in October stood at over Rs 1.05 trillion, crossing for the first time Rs 1 trillion mark since February this year, the finance ministry said

Jump in returns filing may take GST mop-up to Rs 1 trillion this month

Experts say this may sustain for the next three months

GST compensation shortfall: Tamil Nadu becomes 21st state to pick Option 1

Gets nod to borrow Rs 9,600 crore, total additional borrowing touches Rs 78,000 crore

FPIs turn positive on Indian markets, invest Rs 1,086 cr so far in October

According to the depositories data, overseas investors pumped in a net Rs 5,245 crore into equities and withdrew Rs 4,159 crore from the debt market during October 1-9

Top headlines: Economic recovery picks up pace; GST mop-up rises by 4%

From pickup in GST mop-up to new FSSAI roadblocks for food and beverage companies near schools, here are top headlines this morning