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.
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.
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).
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.