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Tag: GST

Business / News Update

All states except J’khand join Centre’s suggested formula on GST compensation

December 3, 2020December 3, 2020 - by IANS

New Delhi: With Chhattisgarh communicating its acceptance of Option-1 to meet the revenue shortfall arising out of GST implementation, all the states barring Jharkhand have joined the Centre’s suggested formula …

All states except J’khand join Centre’s suggested formula on GST compensation Read More
Business / News Update

November GST collection at nearly Rs 1.05 lakh Cr

December 1, 2020 - by IANS

New Delhi:  Gross GST revenue collection in November stood at nearly Rs 1.05 lakh crore, an official statement said on Tuesday. The revenues for the month of November 2020 were …

November GST collection at nearly Rs 1.05 lakh Cr Read More
Business / News Update

Punjab chooses Option-1 to meet GST implementation shortfall

November 28, 2020 - by IANS

New Delhi: Another opposition-ruled state Punjab has now communicated acceptance of Option-1 to meet the revenue shortfall arising out of GST implementation. The states earlier had voiced its concern on …

Punjab chooses Option-1 to meet GST implementation shortfall Read More
Business / News Update

Expected GST improvement due to traction in economic activity: SBI Ecowrap

November 26, 2020 - by IANS

New Delhi:  The expected improvement in GST collections will occur due to traction in economic activity during the festive month of November, said a SBI Ecowrap report on Thursday. According …

Expected GST improvement due to traction in economic activity: SBI Ecowrap Read More
Business / National / News Update

GST collection crosses Rs 1 lakh cr in Oct, first in FY21

November 1, 2020 - by IANS

New Delhi: The gross GST revenue collected in the month of October 2020 was Rs 1,05,155 crore, an official statement said on Sunday. This is the first time in the current …

GST collection crosses Rs 1 lakh cr in Oct, first in FY21 Read More
Business / National / Special

GST compensation: 1st option set to get nod with 21 states on board

September 20, 2020 - by IANS

New Delhi: With 21 states expressing their preference for the Borrowing Option-1 proposed by the Centre to meet the GST compensation needs of states this year, decks have been cleared for …

GST compensation: 1st option set to get nod with 21 states on board Read More
National / News Update

BJP govt attacked unorganized economy with demonetisation, GST, lockdown: Rahul

August 31, 2020 - by IANS

New Delhi:  Congress leader Rahul Gandhi on Monday launched a scathing attack on the Prime Minister Narendra Modi-led BJP government and said the central government has attacked the country’s unorganized …

BJP govt attacked unorganized economy with demonetisation, GST, lockdown: Rahul Read More
Business / News Update

Govt sets out to decriminalise GST laws

August 29, 2020 - by IANS

New Delhi, Aug: After company law, the government has now set out to decriminalise various offences under the GST laws to improve ease of doing business and ensure better compliance. …

Govt sets out to decriminalise GST laws Read More
Business / News Update

GST Council meet on Thursday, to mull Centre’s compensation default

August 26, 2020 - by IANS

New Delhi:  The GST Council will meet here on Thursday to take up the single-point agenda of GST compensation to states affected by delays in the release by the Centre, …

GST Council meet on Thursday, to mull Centre’s compensation default Read More
Business / National / Special

Evolving taxation: Weighted GST rate declines to 11.6% since inception

August 24, 2020 - by IANS

New Delhi: The Goods and Services Tax (GST), often hailed as the “biggest tax reform” in India, has evolved over the years, and the weighted rate of GST has declined in …

Evolving taxation: Weighted GST rate declines to 11.6% since inception Read More

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