Recent Highlights
All Stories for Gst Revenues
GST collections for March at a record Rs 1.06 lakh crore, fails to meet govt target for fiscal year
• 6 years agoGST collections in March indicate that the revenue growth has been picking up despite various rate rationalisation measures
PM-KISAN scheme funding: Does govt plan to rely too much on GST revenues to finance mega farmers’ project?
Vivek • 6 years agoThe allocation for the PM-KISAN scheme clearly has to be more than Rs 75,000 crore, unless the idea is to implement the scheme in stages.
Govt says rising revenue trend prompts to peg 18% rise in FY20 GST collections; plans to mop up over Rs 7.61 lakh cr next fiscal
• 6 years agoThe collection during this fiscal would be less by Rs 1 lakh crore from the Rs 7.43 lakh crore estimated in the Budget for 2018-19.
Declining GST revenues: Tax officials likely to examine high usage of input tax credit
• 6 years agoDuring the meeting of the GoM, it was pointed out that as much as 80% of the total GST liability is being settled by ITC and only 20% is deposited as cash
GST collection drops to Rs 94,726 cr in December; compliance improves as sales returns rise to 72.44 lakh
• 6 years agoInclusion of petrol, diesel under GST not possible till revenues stabilise, says Arvind Subramanian
• 6 years agoThe GST needs to be improved in terms of many things, so there are many many challenges ahead for the economy, Subramanian said.
GST revenues will go up in coming months on improved compliance and market demand: Piyush Goyal
• 7 years agoGoyal said GST revenue collections are "within our target so far" and the festive season would help increase demand in the market going forward.
Narendra Modi is right in ruling out a single GST rate; but why continue with a complex tax structure?
Dinesh Unnikrishnan123 • 7 years agoModi is right in ruling out a single GST rate at this stage, but it doesn’t justify the continuance of a six rate structure that includes one of the world’s highest GST rates at the top end.