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Total 25 results found. Search for [ gst collection shortfall 2020-21 ]

Results 1 to 21 of 25
April 1, 2021
The total amount of GST compensation released so far this fiscal ending March 31 is Rs 70,000 crore

Dipak Mondal
February 1, 2021
Union budget 2021: The shortfall is largely on account of a shortfall of Rs 2.34 lakh crore in corporate taxes

Bela Sheth Mao
January 31, 2021
The inclusion of a statement on policy announcements on GST in the budget, of an intent to resolve these tax issues, will not only have a positive impact on the broader economy but also reaffirm confidence in the cooperative federalism model for tax policy

Joe C Mathew
January 29, 2021
The Economic Survey highlights that a resilient V-shaped recovery is well underway, as demonstrated by the recovery in GDP growth and the sustained resurgence in high frequency indicators such as power demand, E-way bills, GST collection, steel consumption, etc

Chitranjan Kumar
January 28, 2021
GST collections will be in the range of Rs 1.21-1.23 lakh crore and may still have an upside, according to economist at State Bank of India

January 4, 2021
With this, the central government has released a total of Rs 60,000 crore so far to all States and UTs, which amounts to more than 50 per cent of their estimated GST compensation shortfall

Dipak Mondal
December 31, 2020
Even if the government manages to collect the same tax amount in the last four months of FY21 as it did last fiscal, the total tax collection would be around Rs 18.6 lakh crore, almost 6 lakh crore lower than the budgeted estimate

November 11, 2020
The highest amount was released to Kerala at Rs 1,277 crore, followed by Rs 952 crore to Himachal Pradesh and Rs 638 crore to Punjab

Dipak Mondal
November 6, 2020
In the April-September 2020 period, the government's gross tax collection has fallen by 27.5% to Rs 7.2 lakh crore compared to Rs 9.2 lakh crore a year ago

Pratik Jain
November 2, 2020
Given the festivities and continued push in demand, the collections in November could also be robust. The question, however, remains as to whether this upsurge would continue in December and beyond

November 2, 2020
The Ministry of Finance, on October 23, had transferred the first tranche of Rs 6,000 crore to 16 States and 3 Union Territories for meeting their GST compensation cess shortfall under a special borrowing window

October 23, 2020
The states and UTs that received the first tranche of GST compensation are Andhra Pradesh, Assam, Bihar, Goa, Gujarat, Haryana, Himachal Pradesh, Karnataka, Madhya Pradesh, Maharashtra, Meghalaya, Odisha, Tamil Nadu, Tripura, Uttar Pradesh, Uttarakhand, Delhi and Jammu and Kashmir

October 12, 2020
Opposition states says Centre needs to find a common ground on the issue. They say they would move the Supreme Court in case the government put pressure on them and implement option 1

Dipak Mondal
October 5, 2020
Thomas Isaac said compensation gap can only be discussed when Centre adheres to no bifurcation of revenue shortfall for compensation and no linking of compensation to borrowing limits of states

Dipak Mondal
September 26, 2020
Compensation receipt in Consolidated Funds of India was subject to reconciliation in coming months, as usual, in forthcoming financial year. If, for that reason, amount remained in Consolidated Fund, that can't be treated as \"diversion\", clarify ministry officials

Dipak Mondal
September 20, 2020
Finance Ministry sources said that the GST Council with full presence of states and UTs needs, as per the GST Act, only 20 states to pass any resolution, in case voting is required on any issue

Prasanna Mohanty
September 14, 2020
Not only India's relief packages are grossly inadequate it is not even spending enough to revive demand in the crisis-hit economy; what is needed is clear: more fiscal spending, not \"keeping the power dry\" for future stimulus or unrealistic claim of a V-shaped recovery

Niti Kiran
September 14, 2020
According to the details shared by the Minister of State for Finance Anurag Singh Thakur in Lok Sabha, states such as Mizoram and Goa are staring at the widest shortfall of nearly 43 per cent in the comparable period

Dipak Mondal
August 27, 2020
ICRA estimates that the overall SGST collection during the year would fall by 21 per cent to Rs 4.01 lakh crore compared to Rs 5.06 lakh crore last year; compensation requirement this year could be Rs 3.63 lakh crore

Dipak Mondal
August 27, 2020
GST Council meet: The total compensation paid to the states in 2019-20 was Rs 1,65,302 crore whereas the amount of cess collected during the period  was Rs 95,444 crore, a shortfall of Rs 70,000 crore

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