Page 7 - Gst Collection

Govt unlikely to press for hike in GST rates for non-essentials next month

However it will have to find ways in which essential and non-essential items can be segregated

Centre considers market borrowing for GST compensation to states

Raising GST rates or rationalisation of tax slabs may be discussed by the GST Council in the next meeting to be scheduled early next month.

Clear picture of April GST collections will come by June-end: Finance secy

The government had in March extended the deadline to file GST returns for taxpayers with turnover of over Rs 5 crore by 15 days till May 5

Covid-19 may prompt states to hold on to revenue sources outside GST

Given the states limited capacity to mobilise revenues, it will be difficult to bring oil, fuel and tobacco under the purview of GST in the near future

GST rates and the medical devices industry

Let us use the GST rate regime to build up a strong domestic industry in sectors like pharmaceuticals and medical devices that can play to our strengths in labour-intensive production

Centre releases another Rs 34,000 cr GST compensation to states, more soon

States, so far, have been paid pending dues till November and the remaining will be cleared in phases soon

The long shadow of FY20 on Centre's finances can not be missed by anybody

There may be no official word yet on how the Centre's tax revenue assumptions for the current year have gone awry

Govt set to release Rs 20,000 cr pending GST compensation to states soon

second fiscal stimulus likely to be announced soon

The fiscal gridlock

Budget constraints of states need immediate attention

GST collection slips below Rs 1 trillion in March after four months

The numbers pertain to GST paid in February but collected in March, suggesting that collections might turn grimmer going forward.

Odisha GST collections up 11% to Rs 27,044 cr during April-February

The gross GST collection during the last month was Rs 2,790 crore

Best of BS Opinion: GST collection, India's telecom crisis, and more

Business Standard Opinion pieces for the day talk about government finances in the context of GST, along with other policy issues.

Don't increase GST

Higher tax rates will stifle demand and growth

Current architecture of GST is my brainchild, says PM Narendra Modi

PM defends extended questionnaire for NPR

Budget 2020: The focus is on simplifying GST and preventing evasion

The direct tax proposals aim to accelerate economic momentum and ease of living for taxpayers, though the key will lie in smooth administration

Union Budget 2020: It's time to unclutter tax regime, says expert

The budgetary figures continue to not cover many forms of expenditures

Cong govts to review manifesto promises over Centre delaying GST transfers

Former Maharashtra CM Prithviraj Chavan said "resource constraints are a real challenge before the state governments", and not just those run by the Congress

Some stability, but risks remain

With destocking over, growth is stabilising but its revival faces several pro-cyclical headwinds

Govt addressing issues without waiting for Budget, says Nirmala Sitharaman

She also said that GST collection, which crossed Rs 1 lakh crore per month mark during the last two months, will remain "good" in coming days

States face over Rs 1 trillion revenue gap post GST compensation withdrawal

At the time of implementation of the Goods and Services Tax (GST) on July 1, 2017, the Centre had promised to compensate states for loss of revenue for five years at an agreed formula