GST collection surges by 10 pc to Rs 1.75 trillion in August
The rise in domestic GST collection was 9.2 per cent, while that from imports was over 12.1 per cent.
The rise in domestic GST collection was 9.2 per cent, while that from imports was over 12.1 per cent.
A plea has been filed before the Supreme Court challenging the constitutionality of certain amendments introduced in the Constitution for implementing Goods and Services Tax (GST), which will be heard by a bench headed by CJI D.Y. Chandrachud on Monday.
Union Minister for Road, Transport and Highways, Nitin Gadkari on Thursday said that India is the fastest growing economy in the world while underscoring the need to develop industries and trade for the growth of the country.
GST council is likely to give clarity on whether tax collected at source (TCS) should be deducted by the buyer or the e-commerce platform
An official spokesperson said Punjab's GST revenue receipts in September 2021 stood at Rs 1316.51 Crore against Rs 1055.24 Crore for the same period the previous year (September 2020).
"The government has been pro-actively engaging with various sectors and I am confident that going forward the council would continue to address issues," he added.
Gandhi's remarks came 2 days after PM Modi said that the government was aiming to bring 99 per cent of items at or below 18 per cent GST slab.
The measures taken by the government to check GST evasion are intelligence-based enforcement, eWay bill squads, systematic analysis of data and setting up of Directorate General (Analytics and Risk Management), the Ministry said.
The jump from 130 two years ago to 100 last year and now to 77 bears a strong testimony to the efforts taken by the government to create a very conducive business environment.
This was a marked improvement over the September GST collection (for August) which stood at Rs 94,442 crore.
