Tag: GST

GST Compensation Shortfall Released to States Reaches Rs. 1 Lakh Crore
GST, Banking & Finance

GST Compensation Shortfall Released to States Reaches Rs. 1 Lakh Crore

SMEStreet Edit Desk- February 20, 2021

The Government of India had set up a special borrowing window in October, 2020 to meet the estimated shortfall of Rs. 1.10 lakh crore in ... Read More

Bharat Band Called by CAIT on Feb 26th Over GST Issues
Retail, Sectors

Bharat Band Called by CAIT on Feb 26th Over GST Issues

SMEStreet Edit Desk- February 10, 2021

"The GST council has not only pampered various anomalies and distortions in "One Nation-One Tax" principle of GST but has not taken any step to ... Read More

Finance Secretary Hinted for Another GST Compensation Package for States
Banking & Finance, Finance

Finance Secretary Hinted for Another GST Compensation Package for States

SMEStreet Edit Desk- February 3, 2021

Speaking to media in a post-budget interaction Ajay Bhushan Pandey said though there will be a gap in GST compensation in FY 22 as well, ... Read More

GST Collection In January To Touch Rs 1.2 Lakh Crores
Banking & Finance, Finance

GST Collection In January To Touch Rs 1.2 Lakh Crores

SMEStreet Edit Desk- February 1, 2021

Out of the total GST collection, CGST was Rs 21,923 crore, SGST was Rs 29,014 crore, IGST was Rs 60,288 crore (including Rs 27,424 crore ... Read More

GST Collection in January 2021 May Touch 1.20 Lakh Crore: SBI Ecowrap Report
Banking & Finance, Finance

GST Collection in January 2021 May Touch 1.20 Lakh Crore: SBI Ecowrap Report

SMEStreet Edit Desk- January 30, 2021

The GST cess collection has stood at Rs 60,312 crore, 17 per cent lower than last year. The combined amount of SGST, allocated IGST and ... Read More

LocalCircles Survey Identifies GST and Cash Crunch As Major Hurdle for MSMEs’ Growth
Finance, GST

LocalCircles Survey Identifies GST and Cash Crunch As Major Hurdle for MSMEs’ Growth

SMEStreet Edit Desk- January 19, 2021

''About 73 per cent startups favoured removal of GST under the reverse charge or services procured from overseas as a measure to boost Indian Startups ... Read More

CAIT Challenged to Agitate Against Complex GST System
Banking & Finance, GST

CAIT Challenged to Agitate Against Complex GST System

SMEStreet Edit Desk- January 18, 2021

According to CAIT, the GST has become a hurdle in the smooth retail trade because of the complexities and arbitrariness of its provisions. Read More