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The parliamentary panel has recommended to the finance ministry that the government needs to make breakthrough /structural changes in the mechanism of goods and services tax (GST) and should step up the compliance procedure to boost revenues and fill up the gap in states GST revenue receipts. Due to the CORONA pandemic, several states have […]
Tax revenue from Indirect Tax collected by the Government i.e. Goods and Services Tax (GST) is mushrooming every month after the corona situation is in control. In January 2020 also, it soared to INR 1,19,875 crore and in March 2021, it might cross the record of January (INR 1,19,875 crore) i.e. by at least INR […]
For the 5th continuous month, the Centre’s goods and services tax (GST) collection attained at Rs 1 trillion marks in Feb month. As per the government, this was the outcome of the implemented activities so to enhance the recovery inside the economic activities. With the same speed, the government can effectively meet the amended GST […]
The 15th Finance Commission, which is conducted by N K Singh, has recommended that the 12% and 18% slabs beneath the Goods and Services Tax (GST) be united into one conventional rate, and GST is deliberated into the 3 rate platform accompanied by the 5% merit rate and 28-30% failure rate. For a long time, […]
The finance ministry shows mentioned the 13th weekly installment of INR 6k crore to the states on Monday, January 25, to bridge the GST shortage. From that Rs 5,516.60 crore was delivered to 23 states and a value of Rs 483.40 crore was delivered to the 3 Union Territories (UT) with Legislative Assembly (Delhi, Jammu […]
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 […]
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 […]
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. […]
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 […]
