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Even if the GST collection for the whole year is more than INR 1 lakh crores, the economists are still in a puzzle to find out the credible economic recovery of the nation. The government is however testifying this fact again and again that the economy is recovering at a very good pace but it […]
As per a recent report, a total of ₹ 1,12,020 crores has been collected in August 2021 as Gross GST Revenue collection. In this ₹ 1,12,020 Crore ₹, 20,522 crores are collected as for CGST, ₹ 26,605 crores for SGST, ₹ 56,247 crores (including ₹ 26,884 crores on import of goods) is for IGST and […]
In the previous months from April till June 2021 ‘Corona was in and GST was out’. Now the trend has reversed. ‘Corona is out and GST is in’. This assertion is based on facts and figures of the Goods and Services Tax, not an opinion. Maharashtra’s GST collection rose by nearly 38% in July 2021 […]
The central and state government had accumulated Rs 1.16 trillion in goods and services tax (GST) in July, shows that the consumption had plucked through the ease of mobility limitations. The finance ministry states that this figure covers the revenue collection from 1st July to 31st July. Towards the interest relief for late payment was […]
The senior council Revenue department of Andhra Pradesh head by Special Chief Secretary Rajat Bhargava, and Central and State GST officials talks about the methods to get optimized for good execution of GST acts in the state tax chief commissioner. The participants have an urge towards the coordination amid the center and the state tax […]
In the month of July the electronic-way bill directing to a recovery in the common days in context to the economic activities and refinement in GST collections for the month of August providing relief to the policymakers. From the given information through the GST network, it reveals that the daily average GST e-way bills Get […]
Nirmala Sitharaman finance minister has been chaired the 45th GST Council meeting at Lucknow city. The council members have discussed several issues such as states compensation and revision of GST rates on Covid essentials, petrol diesel GST applicability or not, and food delivery app applicability. The major discussion points for the council meeting are the […]
Most probably, India’s Fiscal Exchequer from Goods and Services Tax (GST) collections is likely to recover from July onwards after witnessing a fall in May and June as per the official data related to ‘one-way bills’ for the first fortnight of the month of June. The data connotes the gradual comeback of economic activity that […]
The launching of e-Invoicing has been a game-changer considering the facts and circumstances in India. It has been a sort of new revolution that shall transform and smoothen. Invoicing Process Revamped Tax Reporting Fuel the Interoperability of the Direct and Indirect Ecosystem Let’s understand the aforesaid transformation with the statistics related to eight months posts […]
