Tag: GST revenue
GST NEWS
States’ GST revenue shortfall to be lower due to better collections in last months: Finance Secy
Finance Secretary Ajay Bhushan Pandey said taxing interest on employee contributions to provident fund over Rs 2.5 lakh per annum is based on ‘principles of equity’. This...
GST NEWS
GST revenue of states declined by 30.4% in April-August
The GST revenue from the month of April to August 2020-21 has decreased by 30.4% of all the states and union territories. The total...
GST NEWS
GST compensation, Centre’s revenue deficit grant shores up Himachal’s first-quarter revenue
The Himachal Pradesh state had earned GST revenue of around Rs.7,000crore from April to June (first quarter). The state’s own revenue had decreased by...
GST NEWS
Punjab’s GST inflow in April-July 38% short of last year’s mop-up
In the first four months of current fiscal year, the Punjab government had suffered a loss of GST of 38%. According to taxation department,...
GST NEWS
Odisha: Lockdown may further affect state’s revenue
Lockdown for 14 days in four major districts namely Ganjam, Khurda, Cuttack and Jajpur as well as might impact the state’s revenue collection that...
GST NEWS
GST revenue fell 56% in April-May
Due to nationwide lockdown, the GST Collection and the consumption of diesel had fell by 56% and 42%, respectively in the first two months...
GST NEWS
Lockdown | Tamil Nadu loses 85% of GST revenue in April
Since March 24, the Tamil Nadu Government had suffered an 85% fall in revenue collection of Goods and Services Tax (GST) in April. According...
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