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GST collections total Rs 1.02 lakh crore in May

New Delhi [India], June 5 (ANI): The gross Goods and Services Tax (GST) revenue collected in May was at Rs 102,709 crore, the government said on Saturday. ....

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Goods And Services Tax (GST) Collection In May 2021 Declines, Holds Rs 1 Lakh Crore Mark

GST revenue in May 2021 stood at Rs 1,02,709 crore, said the finance ministry
The gross goods and services tax (GST) revenue collected in May 2021 stood at Rs 1,02,709 crore, holding the Rs 1 lakh crore mark for the eighth month in a row, said the Ministry of Finance in a statement released on Saturday. However, on a month-on-month basis, GST revenue collection declined in May from the all-time record high mark of Rs 1.41 lakh crore registered in April 2021. Out of the total gross GST revenue of Rs 1,41,384 crore, the central goods and services tax (CGST) stood at Rs 17,592 crore, while state good and services tax (SGST) stood at Rs 22,653. ( ....

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GST collections in April at record high of Rs 1.41 lakh crore

GST collections in April at record high of Rs 1.41 lakh crore
ANI |
Updated: May 01, 2021 15:27 IST
New Delhi [India], May 1 (ANI): The gross Goods and Services Tax (GST)revenue collected in April was at Rs 141,384 crore, touching the highest level since its introduction, the government said on Saturday.
Of this, central GST was Rs 27,837 crore, state GST Rs 35,621 crore, Integrated GST Rs 68,481 crore crore (including Rs 29,599 crore collected on import of goods) and cess Rs 9,445 crore (including Rs 981 crore collected on import of goods).
Despite the second wave of COVID-19 pandemic affecting several parts of the country, Indian businesses have once again shown remarkable resilience by not only complying with the return filing requirements but also paying their GST dues in a timely manner during the month, said a statement issued by the Ministry of Finance. ....

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COVID-19 vaccination drive: India's average daily vaccination per million in a week drops from 2554 per million to 2408

ANI
The total number of COVID-19 vaccines doses in the country has crossed 12.71 crore till April 20 morning, as per the government data. But Indiaâs average daily vaccination per million people in the week ending April 18 was 2,408, lower than 2,554 per million in the previous week, stated a report.
This drop is despite India having a special focus on the inoculation process with âTika Utsavâ across India, from 11 to 14 April. The fall in average vaccination numbers is mainly due to a shortage in vaccine availability in the country.
Over the last few weeks, the shortage of vaccines had put pressure on the central government to impose export curbs and allow foreign vaccine manufacturers to come to India. Until recently, only two vaccine manufacturers were permitted to sell in the country. The two vaccines were Serum Institute of India s Covishield and Bharat Biotech s Covaxin. Now, Sputnik has received government approval too. ....

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Chief Economic Advisor KV Subramanian Bats For Inclusion Of Petroleum Products Under GST

Chief Economic Advisor KV Subramanian Bats For Inclusion Of Petroleum Products Under GST
Crowded Petrol Station (Photo by Mujeeb Faruqui/Hindustan Times via Getty Images)
Chief Economic Advisor (CEA) to the Government KV Subramanian has come out in support of a proposal suggesting the inclusion of petroleum products under the Goods and Services Tax (GST) regime,
Economic Times.
While acknowledging that the decision on the subject will have to be taken up by the GST council, Subramanian emphasised that it would be a good move . Subramanian made the assertion during a recent interaction with industry body FICCI s FLO members.
Subramanian s assertion in favour of the inclusion of petroleum products under GST comes just days after Union Petroleum Minister Dharmendra Pradhan had also urged Finance Minister Nirmala Sitharaman to do the same. ....

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