Cgst
Recent Highlights
All Stories for Cgst
GST mop-up slips below Rs 1 lakh cr-mark first time in four months, March collection at Rs 97,597 cr
•GST collections in March slipped below the psychological Rs 1 lakh crore-mark for the first time in four months to Rs 97,597 crore as COVID-19 lockdown that shut most businesses compounded tax collections in an already sluggish economy
GST collection crosses Rs 1 lakh cr-mark in February; gross revenue up 8% at Rs 1.05 lakh cr
•GST revenues during February from domestic transactions have shown a growth of 12 percent over the same month last year
GST collection crosses Rs 1 lakh cr mark for third month in a row in January; in line with set target
•The GST collection is in line with the target set by Revenue Secretary Ajay Bhushan Pandey after a high-level meeting with senior tax officials earlier this month.
GST revenue collection rises above Rs 1 lakh cr-mark for second month in row in December
•GST revenue collection remained above the Rs 1 lakh crore mark for the second month in a row with December mop-up rising to Rs 1.03 lakh crore as compared to the year-ago period
GST Council meeting on 18 December: Tax rates may go up for various items to compensate revenue shortfall
•With pressure on revenue collection, the Goods and Services Tax (GST) rates and slabs may be raised during the GST Council meeting next week
GST revenue collection crosses Rs 1 lakh cr after a gap of 3 months in November; up 6%
•After two months of negative growth, the GST revenue witnessed an impressive recovery with a growth of 6 percent in November 2019 over the November 2018 collections
GST collections dip to 19-month low of Rs 91,916 cr in September; 75.94 lakh returns filed: Finance ministry
•The Goods and Services Tax (GST) collection in September declined to Rs 91,916 crore, as against Rs 98,202 crore in the preceding month, as per government data released on Tuesday
National Anti-Profiteering Authority's extension reveals neta-babu tribe is not going to give up its chance to meddle with pricing
Seetha •The extension, without a freeze on new complaints, has also shown that the Jaitley-Adhia assurances that the NAA will be a benign, purely deterrent mechanism were also hollow.
Union Budget 2019: Indirect taxes imposed by govt to generate revenue; levied equally upon all taxpayers
Fp Research •Indirect taxes can be defined as taxation on an individual or entity, which is ultimately paid for by another person.
GST mop-up crosses Rs 1 lakh cr for three straight months in May; lower than record collection of Rs 1.13 lakh cr in April
•This is the third consecutive month in which GST collections have crossed Rs 1 lakh crore mark