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Budget 2021 for Education Sector

Govt Must Consider Low GST Rate for Education Sector in Budget 2021

Due to the Covid-19 pandemic, online classes and work from home protocols become the new normal. Due to these changes, a spike has been reported in demand for digital infrastructure across each and every sector of the country. Mr. Nitin Potdar, a Corporate Partner at J. Sagar Associates, and leading the education practice of the […]

GST - 10th Installment Payment of INR 6k CR

Govt Gives 10th Installment Payment to States As a GST Compensation

To the states Rs, 6000 cr as the 10th installment is given by the union so as to bridge the gap of GST compensation and thus releasing the amount with the sum of Rs 60000 cr. Out of this Rs, 5,516.60 crores have been issued to 23 states and Rs 483.40 crore to Delhi along […]

Electronic Units Paid INR 35,634 CR GST

Electronics Production Units Paid INR 35,634 CR GST Earlier Under PLI Scheme

Beneath the previous electronics manufacturing incentive policy the manufacturing units given the goods and service tax (GST) worth Rs 35,634 cr in which the provided subsidy was just Rs 1021 cr which shows that the substantial cost advantage for the government which the GST will only enhance below the new production associated incentive (PLI) policy. […]

GST Compensation Sixth Installment

Centre Govt Transfers 6th Payment Installment As a Compensation to States

Rs 6000 cr to the states has been given by the center as a 6th installment concerning as a back loan so to furnish the GST shortfall, with the amount of Rs 36000 cr via a special window. Out of this amount of Rs. 5,516.60 crore has been issued to 23 states and Rs.483.40 crore […]

GST Suggestions for Union Budget 2021-22

Vivek Johri (Special Secretary & Member) Asks GST Suggestions for Budget 2021-22

The special secretary and member Vivek johri has recently issued a letter to its colleagues which stated that there might be multiple changes in the union budget of 2021-22 which would be presented in Jan/Feb 2021. In the amendment, it has been suggested that there would be changes in the duty rates and rationalization of […]

15th Finance Commission on GST Dues to States

15th FC: GST Compensation to States Could Reach INR 7 Lakh CR in 2022

The bridge between the collection of GST cess along with the revenue shortfall seen by the states to implement the goods and service tax can lie between anywhere from Rs 5 lakh crore to Rs 7 lakh crore as by June 2022 as from Rs 2.35 lakh crore expected for this year, the 15th finance […]

Indian Economy on Recovery Path

Power Consumption & High GST Collection Display Recovery, Ex-RBI Chief

The past governor of RBI C Rangarajan clarifies that due to covid-19 the slump in the rise of the economy occurs as a disaster which lies for a shorter duration. The opinion was raised during ‘SICCI-360’ raised by the Southern India Chamber of Commerce and Industry, said the chairman of Economic Advisory Council Rangarajan. “(Normally) […]

0 Percent Growth Rate Till March 2021

Expected Growth Rate 0% Till March 2021 & No GST Rate Cut Possible

Due to corona, another package for the economy which gets canceled is now again launched by the government said by finance secretary Ajay Bhushan. Although he has not stated the time when it will be provided. Indeed he also says that the Indian Economy might reach a 0% growth The biggest tax reform i.e. Goods […]

GST Revenue Collection in October 2020

More Than INR 1 Trillion GST Revenue After 8 Months in Oct 2020

INR 1 trillion GST has been collected for the very first time in the eight months in October post unlocking from September. Any month GST collection resembles the business received in the previous month. There is only a 10% rise at Rs 95,379 cr from the previous year which stood at Rs 1.05 trillion which […]

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