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Through stabilizing the economic activity specifically the services the government is seeking that monthly GST collection will stabilize nearly Rs 1.5 lakh cr over the subsequent months assisting the complete scenario of GST revenue at the centre as well as states. It reveals that mop-up shall be more than the record collections of Rs 1.4 […]
The government has recently revealed the GST revenue collection of the month of September 2021 which now stands at INR 1,17,010 crore and the share of CGST is INR 20,578 crore, the SGST is 26,767 crore and the IGST came to INR 60,911 crores which also accommodates the INR 29,555 crore on behalf of the […]
In positive news coming from every corner of the nation, the union finance ministry has highlighted some of the good jumps in GST collections from 3 developed states of India. Talking about Kerala. From the past period i.e August 2020 the state, Kerala had set a 31% rise in GST collection which is a new […]
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 […]
Amidst the second corona pandemic wherein the life of hundreds of people, constituting a large proportion of people was ruined and devastated and consequently, the economy was hit, The GST revenue exchequer of the government for May 2021 was nearly Rs 1,02,709 lakh crore.— It slipped from April 2021 which was Rs 1.41 lakh crore. […]
Indicating which thing can be in stock of the state towards the collection of goods and services (GST) in May month in the situation of lockdown the collection dips 42% since March besides COVID-19 pandemic was raging in Bengaluru. The net GST collection consisting of cess which fells from Rs 9954 cr in March to […]
The message about ‘economic activity during lockdown’ is clear. Tax exchequer is in direct proportion to the volume of economic activity undertaken in a particular period of time. Things are worse than the previous month but better than the lockdown of the first Corona Pandemic in the same month of 2020. The restrictions that have […]
