-Business Standard The share of GST collections in GDP has stagnated, even as IGST revenues from imports have gone up sharply The Modi government is elated over the steady improvement in the collection of goods and services tax (GST) in recent months. Along with the sharp growth in collections of other Union taxes, GST collections have also crossed the Rs 1-trillion mark for each of the last six months beginning July 2021. Please...
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Govt. Squeezes Spending, Even Though Tax Collections Have Increased -Subodh Varma
-Newsclick.in Modi government has restrained spending of various ministries including education, social justice, environment and others. Continuing with its policy of cutting down spending, the central government has spent only 47% of the budgeted amount by the end of September 2021. That’s half of the financial year 2021-22 gone. This is a new low (see graph below), and bizarrely, it comes at a time when Tax revenues have picked up. As can be...
More »Assam’s Evictions Are Turning Skilled Bengali Muslim Farmers Into Labourers -Makepeace Sitlhou
-Article-14.com In driving out ‘illegal encroachers’ from farms in an area smaller than Assam’s capital for an agriculture project that does not interest native Assamese, the Bharatiya Janata Party government is dispossessing productive Bengali Muslim farmers, many of whom say they bought land from locals and have been paying land taxes, some for up to 70 years. Darrang, Assam: On the day Moinul Haque, 28, was shot in the abdomen and killed...
More »More states want GST compensation cess extended -R Suryamurthy
-The Telegraph Kerala finance minister pitched for extending it beyond June next year as the state was already grappling with a significant revenue shortfall The clamour for compensation to states beyond June 2022 grew louder on Saturday with Kerala finance minister K.N. Balagopal saying the financial situation of the state would be deeply impacted if the assistance is not extended. Balagopal pitched for extending the GST compensation beyond June next year as his...
More »Lack of GST details stumps economists -Vikas Dhoot
-The Hindu States seek transparency in GST data. GST collections have crossed ₹1 lakh crore in eleven of the last 12 months, with the government attributing the trend to a rapid economic recovery and improved compliance levels, but economists are unable to analyse these tax numbers as critical data points are no longer shared by the government. Until December 2020, when monthly GST collections were released, the official statement from the Finance Ministry...
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