English हिन्दी
Connect with us

India News

GST collections in December rose to Rs 86,703 cr, reverse earlier declines

Published

on

GST

[vc_row][vc_column][vc_column_text]Earlier in November last year the GST receipts decreased to Rs 80,008 crore, while the collections were more than Rs 83,000 crore in October.

In a major relief for the finance ministry, the Goods and Service Tax (GST) collections reversed the decline witnessed in the previous months, as the GST receipts in December 2017 rose to Rs 86,703 crore, as on January 24.

According to officials, the government is expecting better collections in the coming months as the measures to raise compliance have started being productive. Earlier in November last year the GST receipts decreased to Rs 80,008 crore, while the collections were more than Rs 83,000 crore in October and over Rs 92,000 crore in September.

An official of the government said, “There is a slight improvement seen in collections. The government expects collections to improve further after the introduction of the interstate e-way bill system from February 1.”[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_raw_html]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[/vc_raw_html][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]The collections in December rose despite the tax rate cuts on 178 goods from 28% and on restaurants to 5% in November. According to analysts, economic recovery in the previous months might also have helped the rise in GST receipts.

MS Mani, senior director of Deloitte India said, “The increase in GST collections for December compared to November is a welcome sign given that it was the first full month after the rate cuts on several products. It appears that GST collections have started entering the stabilisation phase and are now expected to improve in the coming months.”

However, even as the December collections showed better results than expected, the composition scheme under GST is seemingly not working, while the figures for the quarter July-September 2017 showed only Rs 335.86 crore collections.

Sharing a post on social networking platform Twitter, the Finance Ministry wrote, “For the composition dealers, for quarter July-September 2017, the last date of filing GSTR 4 Return was 24 December, 2017. A total of 8.10 lakh returns were filed by Composition Dealers paying a total of Rs. 335.86 crores as GST.”[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_raw_html]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[/vc_raw_html][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]On January 18, Finance Minister Arun Jaitley, following the latest GST council meeting asserted that the composition scheme was discussed at length in the meet since the collections were low.

“Out of the 17 lakh dealers who have registered themselves under the scheme at 1% rate, the collection for the first quarter has only been around Rs 307 crore. The scheme has not been enthusiastically responded to,” said Jaitley.[/vc_column_text][/vc_column][/vc_row]

2024 Lok Sabha Elections

Amit Shah accuses Congress of preserving Article 370 for 70 years

Shah was addressing a Lok Sabha election rally in Jaunpur district of Uttar Pradesh where he said the Congress and the Samajwadi Party preserved Article 370 for 70 years, due to which terrorism in the country increased.

Published

on

Amit Shah accuses Congress of preserving Article 370 for 70 years

Union Home Minister Amit Shah on Sunday attacked Congress on Sunday for preserving Article 370 of the Constitution, due to which terrorism increased in the country. He further added that BJP will never let another division of the country happen. Shah was addressing a Lok Sabha election rally in Jaunpur district of Uttar Pradesh where he said the Congress and the Samajwadi Party preserved Article 370 for 70 years, due to which terrorism in the country increased.

Addressing the people Shah said they had made Modiji the prime minister for the 2nd time and he abrogated Article 370 from Jammu and Kashmir on August 5, 2019.  He compared the situation to earlier times in the valley, when the Army had to be taken along for hoisting the tricolour, at that same Lal Chowk (Jammu and Kashmir) to the situation now when the shobhayatra of Lord Krishna is being taken out. The rally was organised to garner support for B P Saroj, the BJP candidate from the Machhlishahr Lok Sabha constituency in Jaunpur.

Shah further added that the divisive policies of the Congress want to divide the country again but BJP will never let that happen again. The Union Home Minister accused the grand old party of spreading lies that if PM Modi comes to power for a 3rd time at the centre then he will abolish reservation.

Shah Pointed out that the prime minister has been in majority for the last 10 years and he did not use it to abolish reservation. Shah said, he wanted to ask (SP chief) Akhilesh Yadav and (Congress leader) Rahul Gandhi that when their government was in power for 10 years, what did Uttar Pradesh get in that period? The UPA government gave Rs 4.9 lakh crore to Uttar Pradesh in 10 years as compared to the NDA government which gave Rs 19.11 lakh crore.

Continue Reading

2024 Lok Sabha Elections

Arvind Kejriwal says BJP started Operation Jhaadu to crush AAP

The Delhi chief minister alleged BJP has started Operation Jhaadu so that they do not grow big and become a challenge to them

Published

on

Arvind Kejriwal says BJP started Operation Jhaadu to crush AAP

Delhi chief minister Arvind Kejriwal on Sunday alleged BJP has started Operation Jhaadu to crush the Aam Aadmi Party since its popularity among the people is rising too fast. Kejriwal was addressing Aam Aadmi Party workers at the party office in New Delhi where he claimed the AAP’s bank accounts would be frozen after elections and they will be brought on the roads and left without an office.

The Delhi chief minister alleged BJP has started Operation Jhaadu so that they do not grow big and become a challenge to them.  He further added that through Operation Jhaadu, AAP’s big leaders will be arrested; they are being arrested, and in the coming days, Aam Aadmi Party’s bank accounts will be frozen.

Kejriwal pointed out that ED’s lawyer has already given this statement in court that soon after the election, AAP’s bank accounts will be frozen. He said that if they freeze their accounts now, then AAP will get sympathy. As a result after the election, ED will freeze AAP’s bank accounts. He said AAP’s party office will be cleared out, and the party will be brought to the streets.  Kejriwal said these are the 3 plans made by the BJP.

The Delhi chief minister claimed that no gold or money has been recovered from him, and the BJP, by creating false cases has got AAP leaders arrested. Kejriwal recalled that since the time he came to power in 2015, many allegations had been against him by the BJP. He said after the liquor policy scam has happened people are asking them if the scam happened then where is the money. He pointed out that in other places, when raids happen, notes and gold are recovered, but here nothing was found. Kejriwal asked the people that where is all the money? He said BJP had made fake cases and arrested AAP leaders.

Continue Reading

2024 Lok Sabha Elections

PM Modi says Congress is the mother of corruption, party was involved in coal and 2G scams

PM Modi said, Congress and JMM know nothing about development and their only job is to speak lies, loudly, again and again, and everywhere, their only objective is to do an the X-ray of poor people’s wealth and steal it.

Published

on

PM Modi says Congress is the mother of corruption, party was involved in coal and 2G scams

Prime Minister Narendra Modi addressed an election rally in Jharkhand’s Jamshedpur on Sunday (May 19) amid the ongoing Lok Sabha Elections 2024.  While addressing the election rally in Jamshedpur PM Modi said, people’s excitement told him what result will come on June 4 in Jamshedpur.

He recalled the time when he used to work as a BJP party worker for many years and used to ask people at that time they would come at 10 or 11 am to attend an election rally. But today he was witnessing a huge crowd here. The prime minister thanked all of them and said Lok Sabha election decides and strengthens the future of the country.

During a public rally in Jamshedpur, PM Modi said, Congress and JMM know nothing about development and their only job is to speak lies, loudly, again and again, and everywhere, their only objective is to do an the X-ray of poor people’s wealth and steal it. He further accused the Congress and JMM of snatching the reservation of SC and ST and the party leaders of the two parties are continuously abusing Modi every day. He asked if they are not able to think beyond this? He said the whole country has realised their truth.

PM Modi said, Congress and their ally parties, wherever they have governments, he challenged those chief ministers and this is not his political statement. The prime minister said Congress’s Shehzada keeps opposing business industries, businessmen and investments.

 PM Modi asked which businessman will go and invest in those states? What will happen to the youths of those states?  He said all investors who come to him and say that they would not go to these states because of their ideology against them. He said businessmen are verbally abused there and investors are forced to think that since Shehzada has this kind of thoughts, his ally parties would have the same thoughts as well. PM Modi added Congress is the mother of corruption and party was involved in coal and 2G scams as well

Continue Reading

Trending

-->

© Copyright 2022 APNLIVE.com