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The GST collections for September are likely to be higher than Rs 95,000 crores for the first time this fiscal year. The amounts are registered to be published on Thursday. The figure might nearer to Rs 1 trillion. The GST collections prove to be the best economy for recovery. September results for the transaction were […]
In April and August of the current year, the Goods and Service Tax GST revenue sees a sharp decline of 30.4% in comparison to the last year. On September 14 the centre states that around Rs 2.72 lakh crore was the GST revenue between April and August 2020-21, and that was 3.90 lakh crore in […]
Recently Haryana has zeroed in on 138 new enrolled taxpayers for the state under GST for doubtful transactions said by The tax research unit (TRU) of the excise and taxation department. The taxpayers will be determined from the information analytic ability of TRU. The speaker of the state in the excise and taxation department states […]
The Finance Ministry released a statement on Tuesday and stated that GST collection declined for the second consecutive month to ₹ 86,449 crores in August. The August collection on a year-on-year basis was down 12%, compared to Rs 98,202 crore reported in the same month last year. Of the gross collection, Central Goods and Services […]
Recovery has been seen in GST collection which has seen a severe decline due to lockdown this year. Therefore since April, it has grown over five times in the past three months, with the rise in 21.92% from June and July this year. Information collected by the Excise and Taxation department compiled the difference in […]
Rs 87,422 crore GST revenue has been collected in July out of which SGST counts on Rs 21,418 crore, CGST is 16,147 crore, IGST is Rs 42,592 crore which includes Rs 20,324 crore that is negotiated on import of goods and Cess stood at Rs 7,265 crore which includes Rs 807 crore collected on goods […]
With the straight fall in the economy, states like Gujarat, Andhra Pradesh, Kerala and Tamil Nadu look out with the highest slump in the first quarter of the financial year compared to the previous financial year. Facts and figures of GST decline of these states show that the Indian economy seems to highly depend on […]
An officer of the Central Goods and Service Tax (CGST) of Kolkata zone, informed that the GST revenue Collection from assessments, which are controlled by Central Administrator, in West Bengal has fallen a bit in June 2020, as compared to the collection of the same period in the previous year. As per the previous year’s […]
The collection of Goods and Services Tax (GST) for June 2020 has seen a downfall as compared to that in June 2019. The GST collected for June, amounted to ₹ 90,917 crore (CGST- ₹ 18,980 crore SGST- ₹ 23,970 crore IGST- ₹ 40,302 crore Cess- ₹ 7,665 crore)the departments have already settled ₹ 13,325 crore […]
