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Thursday, March 28, 2024
TopicGST

Topic: GST

GST revenue collection drops to Rs 1.02 lakh cr in May from Rs 1.41 lakh cr in April

The collection in May 2021 was 65% higher than the Rs 62,009 crore GST revenue of May last year.

Why everyone won’t be happy with GST relief on Covid related items

Exemption given from IGST extended to even paid imports of Covid relief material, is likely to benefit NGOs recognised by states. But many others will be left out.

Modi govt likely to borrow Rs 1.58 lakh cr more to compensate GST shortfall of states

If the borrowing materialises, it will be in addition to the over Rs 12 lakh cr budgeted this year to bridge the fiscal deficit gap.

Manpreet Badal writes to FM Sitharaman, seeks timely, comprehensive action on GST

Punjab Finance Minister Badal said even though the GST Council is meeting after 8 months, the agenda for it is 'mundane' and does not deal with substantive issues.

GST exemption on Covid vaccines, drugs would make them costlier –– Sitharaman tells Mamata

Domestic supplies and commercial imports of vaccines currently attract a 5 per cent Goods and Services Tax, while it is 12 per cent in case of Covid drugs and oxygen concentrators.

GST collections touch record high of over Rs 1.23 lakh crore in March

The finance ministry said closer monitoring against fake-billing, deep data analytics and effective tax administration contributed to the steady increase in tax revenue.

Why India shouldn’t use blockchain for GST. It will make planet hotter, for one

India’s GST system will not work better if carried out through blockchains — they can be as easy to manipulate.

Not possible to bring petrol, diesel under GST for next 8-10 years, says Sushil Modi in RS

The BJP leader said that if petrol or diesel is brought under the Goods and Services Tax regime then states would suffer loss of Rs 2 lakh crore revenue.

India’s answer to tax-evasion lies in blockchain

Modi govt must consider putting GST collection on blockchain, which is a technocratic solution and need not be managed by the State.

GST collections cross Rs 1 lakh crore-mark for fifth consecutive month in February

The finance ministry said that the revenues for the month of February 2021, which stood at Rs 1.13 lakh crore, were 7% higher than the GST revenues in the same month last year.

On Camera

Profit margins in lottery industry are tiny. Here’s how Future Gaming paid for its electoral bonds

Neither state govts nor companies earn large profits from lotteries. However, a look at the system shows there’s ample evidence of murky dealings and financial irregularities. 

BRO connects new axis to Ladakh, to be shortest route

The all-weather Nimmu-Padam-Darcha Road will connect Manali to Leh through Darcha and Nimmu on Kargil-Leh Highway.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.