Tag: goods and services tax
17 Results
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Economic recovery after Covid-19 second wave, Punjab registers 24.76 % growth in GST collection
An official spokesperson said Punjab's GST revenue receipts in September 2021 stood at Rs 1316.51 Crore against Rs 1055.24 Crore for the same period the previous year (September 2020).
October 11, 2021 -
Odisha GST collection grows 48% to Rs 3325 crore in September
The constant increase in the collection in recent months indicates the fact that the economy is recovering at a fast pace in the State. The economic activities had borne the brunt due to the COVID-19 situation last year. The State is on the path of economic revival and the increasing GST collection is a clear indicator of it.
October 2, 2021 -
‘Majoritarianism in GST Council’
Mitra, who demanded for a full tax waiver on Covid-related medical supplies, said his demand for zero GST rate or a token 0.1 per cent would have enabled tax reduction to consumers as well as availability of tax credits to producers was ignored.
June 15, 2021 -
GST rate reduction a relief
The group had also registered grievances on the Administrative Reforms and Public Grievances portal and received a response.
June 14, 2021 -
Govt’s move to bring small businesses under GST chain is boon for tax consultants: Startup
The government has notified the mandatory requirement of e-invoicing for B2B transactions for businesses with a turnover of over Rs 100 crore with effect from January 1, 2021.
December 28, 2020 -
GST compensation shortfall: Centre to borrow up to Rs 1.1 lakh crore on behalf of states
'Based on the suggestion of many states, it has now been decided that the central government will initially receive the amount and then pass it on back-to-back to the states as loan.'
October 16, 2020 -
GST collections at Rs 95,480 crore in September
Goods and Services Tax mop up in September was the highest so far this fiscal.
October 1, 2020 -
Opposition MPs stage protest against Centre at Parliament demanding GST compensation for states
Leaders who were protesting in front of Mahatma Gandhi statue at the Parliament premises were sloganeering 'We want compensation of the GST.'
September 17, 2020 -
Rahul Gandhi hits out at Centre, says contraction in economy due to ‘Gabbar Singh Tax’
'Many have been badly affected by this- lakhs of poor families, crores lost their jobs, states' economy was affected,' he said.
September 6, 2020 -
Ideologically driven
The Union HRD minister, Ramesh Pokhriyal Nishant’s cavil that “uninformed comment” has greeted the decision of the Union government, will cut no ice.
July 11, 2020 -
Three-pronged initiative
Making systemic changes and sharpening the tools that would facilitate sustainable transformation require the political leadership to possess an acute understanding of the governance process and a statesmanlike long-term vision. The government has to show resolve with compassion, the Opposition has to be critical yet constructive, and the public adequately informed and rational.
March 9, 2020 -
FinMin Sitharaman invites suggestions on ‘GST Feedback Diwas’
This is the first time after introduction of GST that taxpayer consultation is being done on "such a large scale".
December 7, 2019 -
‘Sorry, GST may have flaws, but it’s law of land’: Nirmala Sitharaman
During an interaction with businessmen, entrepreneurs, CAs and others in Pune, Sitharaman asked tax professionals not to curse the GST system and sought their help to make it better.
October 12, 2019 -
GST Conundrum
This is far removed from the promised uncomplicated, ‘one nation; one tax’ that the GST was supposed to be, with expectations of a single rate across all goods and services, ideally under 15 per cent, lowering costs for payer and administrator.
September 9, 2019 -
GST Collections: Haryana contributes 4.7 pc to national kitty
While stating this on Tuesday, the excise and taxation minister, Abhimanyu said that the per capita GST Collection from the state stands at Rs 21,745 whereas national per capita GST collection is Rs 9,370.
July 24, 2019 -
Chetan Bhagat wants to use his books to address issues
Bhagat's latest non-fiction book "India Positive" comprises essays examining a gamut of subjects such as education, employment, Goods and Services Tax (GST), corruption and casteism.
July 7, 2019 -
Two years on, Arun Jaitley says GST proved to be consumer, business-friendly
In pre GST era the States had multiple laws which entitled them to impose taxation at different points. The States were scared of the fear of the unknown but the Central Govt. persuaded States with a 14% annual increase from the tax base of 2015-16 for a period of five years, said Jaitley.
July 1, 2019