July 27, 2021 23:04 (IST)
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Ex-CBI special director Rakesh Asthana appointed Delhi Police Commissioner | US Secretary of State Antony Blinken arrives in India, to hold talks with leaders tomorrow | BJP picks up Basavaraj Bommai as new CM for Karnataka, Yediyurappa congratulates his successor | Tokyo Olympics 2020: Indian shooters disappoint, make early exits | Assam-Mizoram border clash: Himanta govt announces 3-day mourning, compensation to slain officers

GST collection for June drops to Rs. 92849 crore

New Delhi: The gross GST revenue collected in the month of June’ 2021 is Rs. 92,849 crore of which CGST is Rs. 16,424 crore, SGST is Rs. 20,397, IGST is Rs. 49,079 crore (including Rs. 25,762 crore collected on import of goods) and Cess is Rs. 6,949 crore (including Rs. 809 crore collected on import of goods).

GST Council reduces tax on equipment, meds to fight Covid19

New Delhi/IBNS: The Goods and Services Tax Council Saturday slashed taxes on medicines, medical equipment needed in hospitals and other items used to fight Covid-19.

Rs 1.02 lakh cr GST collected in May: Govt

New Delhi: The government on Saturday informed that a total of Rs 1,02,709 crore was collected in the form of Goods and Services Tax in the month of May, 2021.

GST Council meet on May 28; likely to discuss States' Covid-related demands

New Delhi/UNI: The Goods and Services Tax Council will meet on May 28 after a gap of seven months amid calls from States for policy measures related to COVID-19 pandemic.

After Mamata seeks tax waivers on Covid meds and equipment, Sitharaman explains how taxation reduces burden on buyers

New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman has emphasised that a minimum 5 per cent tax on vaccines and 12 per cent tax on medicines and oxygen concentrators is necessary to keep their prices low while replying to West Bengal Chief Minister.

GST Revenue collection for December 2020 touches all time high figure of Rs. 1,15,174 crore

New Delhi: The gross GST revenue collected in the month of December 2020 is Rs. 1,15,174 crore.

Modi government to borrow Rs. 1.1 lakh cr on behalf of states for GST compensation

New Delhi/IBNS: After months of confrontation over the Goods and Services Tax (GST) dues, the Centre has decided to borrow Rs. 1.1 lakh crore on behalf of the states prompting Union Finance Minister Nirmala Sitharaman to explain the reason behind the government's change in stance over the issue, media reports said.

COVID-19: Finance Minister announces measures of Rs 73,000 crore to stimulate consumer spending before end of Financial Year

New Delhi: Union Minister for Finance & Corporate Affairs Nirmala Sitharaman here on Monday announced measures of Rs 73,000 crore to stimulate consumer spending in the economy in an effort to fight the slowdown due to COVID-19 pandemic following lockdown.

Coronavirus act of God which affected GST collections: Nirmala Sitharaman

New Delhi/IBNS: Amid pressure from several states to compensate the revenue shortfall, Union Finance Minister Nirmala Sitharaman on Thursday said Novel Coronavirus is an act of God that has affected the Goods and Services Tax (GST).

Indian Finance Ministry highlights positive changes under GST regime on Arun Jaitley's death anniversary

New Delhi/UNI: On the occasion of the first death anniversary of former Finance Minister Arun Jaitley on Monday, the Finance Ministry highlighted 'positive changes brought forth under the Goods and Services Tax (GST) regime.'

June GST collection stands at Rs. 90,917crore

New Delhi/IBNS: The gross GST revenue collected in the month of June, 2020 is Rs. 90,917crore of which CGST is Rs. 18,980crore, SGST is Rs. 23,970crore, IGST is Rs. 40,302crore (including Rs. 15,709crore collected on import of goods) and Cess is Rs.7,665 crore (including Rs. 607crore collected on import of goods).

GST Council meet: No late fee for GST returns filing for entities with nil tax liability

New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman on Friday chaired the crucial  40th GST Council meeting where it was announced that there will be no late fee for delayed filing of GST returns by registered entities with nil tax liability between July 2017 to January 2020. 

GST collection for March 2020 stands at Rs 97,597 crore

New Delhi/IBNS: The gross GST revenue collected in the month of March, 2020 is Rs. 97,597crore of which CGST is Rs. 19,183 crore, SGST is Rs. 25,601 crore, IGST is Rs. 44,508 crore (including Rs. 18,056 crore collected on imports) and Cess is Rs. 8,306 crore (including Rs. 841 crore collected on imports), the government said in a statement today. 

Coronavirus outbreak: Centre extends last date for filing GST returns till Jun 30

New Delhi/IBNS: The central government on Tuesday extended the last date for filing GST returns for the fiscal year 2018-19 till Jun 30 amid the Novel Coronavirus outbreak.       

GST collections up by 8 percent in February

New Delhi/IBNS: The Indian government on Sunday said it collected Rs.  1.05 lakh crore as GST revenue in February  this year, official data released showed.