Page 6 - Gst Collection

From tax collection to car sales, India's economic recovery picks up pace

GST mop-up at 7-month high, manufacturing PMI at 8-year high, but new projects down 81% in Q2

GST mop-up rises 4% to Rs 95,480 cr in Sept as recovery picks up pace

The data comes in the backdrop of simmering tension between the Centre and states over the promised compensation and ahead of the Council meeting on Monday

GST collections at Rs 95,480 crore in September, highest this fiscal

In September, the tax collected from import of goods was 102% and the revenues from domestic transaction were 105% of the revenues from these sources during the same month last year

Mamata asks PM to intervene in GST impasse, joins non-BJP CMs in 'protest'

Asserts that Centre must borrow to meet GST shortfall at this critical hour of Covid-19 pandemic, says states will reciprocate

GST compensation row: State govts ask Centre to borrow and pay

The finance ministry on Saturday officially communicated the finer details of the two options to states to make up for the compensation shortfall by way of borrowings

West Bengal rejects Centre's borrowing propositions to meet GST shortfall

Says will engage with other states to take collective steps

Icra finds FinMin's estimates of GST compensation gap much smaller

Estimates by Icra put the total gap at Rs 2.92 trillion against the ministry's estimates of Rs 2.35 trillion

FinMin unlikely to take Covid-hit FY21 as a base for FY22 Budget

FY20 is being considered for a 'more realistic comparison'

Economic activity reviving; GST collections good sign: CBDT chief Mody

He tells Dilasha Seth, in an interview, that 58,000 cases will be assessed through the faceless mechanism by October.

GST compensation period: States likely to push for five-year extension

Set to seek higher borrowing limits as revenues dry up

Covid won't deter us from path of speedy GST reforms: Ajay Bhushan Pandey

While not affirming new timelines for the simplified returns forms, Pandey says invoice matching is already happening at the back-end and quarterly payments are allowed for small taxpayers.

Covid-19 crisis: States divided on alternative GST compensation mechanism

While Punjab and Kerala will press the GST Council to borrow in order to compensate states, Bihar Deputy Chief Minister Sushil Kumar Modi called the idea "wishful thinking"

The past three years of GST and the road ahead

The journey has been a mixed bag, as several issues remain unresolved: Let's turn back and revisit what GST has attained and it couldn't

Centre profiteering from price hike, says Sonia; Pradhan rebuts charges

Pradhan, however, said Congress-ruled states were equally responsible for an overall rise in oil prices

GST effect: How retail inflation rate changed over the last 3 years

The inflation rate in cigarettes hit double digits during July-March of FY18, but came down in the next two years

Centre should give guarantee for GST Council borrowing: Kerala FM

We are expecting a 15% decline in the state GDP in FY 21, said Issac Thomas

Revenue and compensation on table at GST Council meeting on Friday

The government has rung up just about Rs 95,000 crore as GST in April and May together, and that is less than half compared with the collection in the corresponding months last year.

Best of BS Opinion: Covid-19 impact on jobs, preserving the IBC, and more

From what the upcoming GST Council meet should focus on to how Trump's response to the protests helped it spread beyond its borders, here's a selection of Business Standard Opinion pieces for the day.

Reimagining GST for the post-Covid era

Revival of economic activity should overwhelm its agenda

Covid-19 crisis: Central GST collection falls 87% in April amid lockdown

The dip in revenue collections is being attributed to the country being put under lockdown to contain the coronavirus from March 24 and return filing being deferred