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).
According to the government, the GST has greatly benefitted the economy but many including outgoing Chief Economic Advisor Arvind Subramanian are of the view that the multiple tax rates, especially the 28% slab, can be done away with to simplify the regime
As per the statement, the buoyancy in tax collection under the GST "reflects the upswing in the economy and better compliance".
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