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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 […]
Punjab has Reported a 29% YOY Rise in GST revenue in July The revenue consists of the state GST, central GST, and Integrated GST raised to Rs 1533 cr in July 2021 with respect to the same month of the last year which was Rs 1188 cr as per the tax department. The SGST and […]
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 […]
Good news for the Government and common men! This time there are indications of Positive economic sentiment in the market that shall ultimately result in the welfare of the people of the country. The direct tax These types of taxes are directly imposed and paid to the government of India. Example of Direct Tax is […]
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 […]
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 […]
The government exchequer collected from Goods and Services Tax (GST) has been on the peak/pinnacle since its journey started in July 2017 across the entire nation. The revenue collection from GST was a whopping Rs 1.24 trillion in a single month of March 2021 — a historical and a mammoth figure in the history of […]
With respect to the last year, the corporate houses have furnished over 20% more tax this financial year with respect to the last year as per the information available through the Central Board of Direct Taxes (CBDT) as of March 25. In the top 10 list, HDFC bank leads with paying Rs 12050 cr in […]
Revenue from direct tax collection, amidst fiscal stress provided relief to the government. It is moving nearby to the amended Budget target for 2020-21 and might receive a stimulus from the final installment of the payment of advance tax. Its deadline ended on Monday. The revenue from net direct tax declined to 5 percent year-on-year […]
