Sun, Mar 03, 2024
GSDP indicates the total economic output generated within a state's boundaries over a specified period, typically a fiscal year.
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Thu, Nov 02, 2023
Cover Story: There is bumper demand all around during the festive season, and the government's coffers are getting filled as GST collection is increasing significantly.
Sun, Oct 01, 2023
The gross GST collection for the first half of 2023-24 ending September (Rs 9,92,508 crore) is 11 per cent higher than the gross GST collection in the first half of 2022-23 (Rs 8,93,334 crore).
Wed, Aug 09, 2023
The Union Cabinet on Wednesday approved changes to GST laws to levy a 28 per cent tax on the full face value of bets in online gaming, casinos and horse race clubs, sources said.
Wed, Sep 28, 2022
"The collection in September is likely to be little more than Rs 1.45 lakh crore. Improved business activity is expected to yield better collections in coming months," the official said.
Mon, Nov 16, 2020
In a statement, the Department of Revenue (DoR) reiterated that there will be no extra compliance burden on the taxpayers for GST turnover displayed in the Form 26AS, which is an annual consolidated tax statement that can be accessed from the income-tax website by taxpayers using their Permanent Account Number (PAN).
Sun, Jan 27, 2019
The government has already admitted the revenue shortfall "since GST is still in stabilization stage" and has stated on multiple occassions that it is looking at attaining a monthly average of Rs 1 lakh crore as against the monthly target of Rs 1.12 lakh crore set in the Budget (including SGST and cess).
According to sources, availing ITC ideally should not result in loss of revenue but there could be possibility of misuse of the provision by unscrupulous businesses by generating fake invoices just to claim tax credit.
Wed, Jan 23, 2019
The GST trend in FY19 so far has been a mixed bag, with only two months posting over Rs 1 lakh crore revenue collection. It needs to be noted that, the centre estimated Rs 12.9 lakh crore
Thu, Sep 28, 2017
Finance Minister Arun Jaitley today said the Goods and Services Tax (GST) collections in the first two months have met the target and going forward the revenue will see further surge.
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