The government has settled Rs 25,091 crore to CGST and Rs 19,427 crore to SGST from IGST as regular settlement.
November 1, 2020After regular settlement, the Centre and the states have earned a total revenue of Rs. 43,851 crore for CGST and Rs 46,252 crore for the SGST in the month of December 2018
January 1, 2019India collected Rs 7.41 lakh crore in taxes in the first year of the Goods and Services Tax (GST) with revenues for a good part of four months not being accounted for because of the mid-year rollout and an accounting lag. The government had last reported a GST collection of Rs 7.17 lakh crore for …
Continue reading "Government collects Rs 7.41 lakh cr GST in FY18"
April 27, 2018With Kerala approving the State Goods and Services Tax (SGST) Act on Wednesday, Jammu and Kashmir remains the only state yet to pass the legislation ahead of the July 1 launch of the pan-India tax regime. "All states and union territories, except Jammu and Kashmir, have approved the SGST Act and are ready for the …
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June 21, 2017The Goods and Service Tax (GST) Council will meet on Thursday to discuss the remaining two draft laws — UTGST (Union Territory GST) and sGST (state GST) — to enable a likely rollout of the new indirect tax regime by July 1. GST Council consists of Finance Minister Arun Jaitley and state finance ministers. The …
Continue reading "Council likely to meet on Thursday to approve UTGST"
March 16, 2017