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Tag: gst annual exclusion

The GST compensation amount for FY22 at the Centre should be greater than the anticipated Rs 1.58 lakh crore: Opp-ruled states

Three opposition-ruled states stated on Sunday that the compensation sum guaranteed by the Centre is expected to be more than the Rs 1.58 lakh crore anticipated by the Centre and that a special session of the GST Council will be summoned to debate it. The finance ministers of Kerala, Punjab, and Chhattisgarh claimed during the…
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GST compensation at the Centre for FY22 should be higher than the expected Rs 1.58 lakh crore: States dominated by the opposition

Three opposition-ruled states stated on Sunday that the compensation sum guaranteed by the Centre is expected to be more than the Rs 1.58 lakh crore anticipated by the Centre and that a special session of the GST Council will be summoned to debate it. The finance ministers of Kerala, Punjab, and Chhattisgarh claimed during the…
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GST and Non-GST Net Indirect Tax Collections Increase by 12% to Rs 10.71 Billion.

Indirect tax revenue (including GST and non-GST) totalled Rs 10.71 lakh crore in FY20, up 12% from real revenue receipts of Rs 9.54 lakh crore the previous fiscal year. Provisional collections account for 108.2 % of the FY21 Revised Estimates of Rs 9.89 lakh crore, according to the finance ministry. As a result of Covid,…
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