Finance
GST collections hit all-time high of ₹1.42Lcr in March
Of the total collection, central GST was Rs 25,830 crore; state GST was Rs 32,378 crore; and integrated GST was Rs 74,470 crore, including Rs 39,131 crore collected on import of goods. During the month, GST revenue from the import of goods was 25% higher while the collection from domestic transactions, including import of services, was up 11% over March 2021. The cess collection in the month was Rs 9,417 crore, including Rs 981 crore on the import of goods.
Direct Tax Code explained: Will it simplify India's outdated Income Tax regime?
During the debate on Finance Bill and the Appropriation Bill in the Rajya Sabha, former finance minister P Chidambaram said that Direct Taxes Code must replace the Income Tax Act. So what is the Direct Tax Code, and how it could simplify India's outdated Income Tax regime? ET's Sachin Dave explains. Watch
GST collection in March at record High at Rs.1.42 lakh crore
The average monthly gross GST collection for the last quarter of the FY 2021-22 has been Rs 1.38 lakh crore and the Finance Ministry attributed the collection to economic recovery, anti-evasion activities, especially action against fake billers.
Gross GST collection touches all-time high of Rs 1.42 lakh crore in March
Gross GST collection in March touched an all-time high of over Rs 1.42 lakh crore, the Finance Ministry said on Friday. The gross GST revenue collected in March 2022 is Rs 1,42,095 crore, of which CGST is Rs 25,830 crore, SGST is Rs 32,378 crore, IGST is Rs 74,470 crore (including Rs 39,131 crore collected on import of goods) and cess is Rs 9,417 crore (including Rs 981 crore collected on import of goods).
GST collection at all-time high of Rs 1.42 lakh crore in March
The gross GST revenue collected in March 2022 is Rs 1,42,095 crore, of which CGST is Rs 25,830 crore, SGST is Rs 32,378 crore, IGST is Rs 74,470 crore (including Rs 39,131 crore collected on import of goods) and cess is Rs 9,417 crore (including Rs 981 crore collected on import of goods).
Government to borrow Rs 8.45 lakh crore in first half of 2022-23
The Union government is looking to raise Rs 8.45 lakh crore through borrowing in the first half of 2022-23 to fund the revenue gap for reviving the economy, the Finance Ministry said on Thursday. Out of gross market borrowing of Rs 14.31 lakh crore estimated for FY2022-23, Rs 8.45 lakh crore is planned to be borrowed in the first half (H1), an official statement said.
Centre to borrow Rs 8.45 lakh cr in first half, 60% of FY23 estimate
The government plans to borrow 8.45 trillion rupees in April-September, out of the record borrowing plan of 14.31 trillion rupees for 2022/23, the government said in a statement on Thursday.
Fiscal deficit touched 82.7 pc of full year target at end of February: Govt data
In actual terms, the deficit stood at Rs 13,16,595 crore at the end of February this year, as per the data released by the Controller General of Accounts (CGA). The central government's total receipts stood at Rs 18.27 lakh crore or 83.9 per of the RE of Budget 2021-22. It was 88.2 per cent of the RE of 2020-21 in the corresponding period.
No restriction on Rupee-Rouble trade, says Russia
This suggests that the two countries might consider a rupee-rouble mechanism to settle trade in goods to avoid sanctions imposed by the West.
Topped up cess collection to fund schemes for states: FM Nirmala Sitharaman
In her reply to the finance and appropriation bills in the Rajya Sabha on Tuesday, Nirmala Sitharaman highlighted the utilisation of the various cesses.
India received 65 pc more FDI during Modi regime against 10 years of UPA rule: FM
Replying to the discussion on the Finance Bill, 2022, and Appropriation Bill, 2022, the minister said India continues to remain among the top five foreign direct investment recipient countries in the world, as per a UNCTAD report.
The govt do not store data related to crypto exchanges, says MoS finance
In a written reply, Pankaj Chaudhary, minister of state for finance informed Parliament that some cases of GST evasion has been detected by agencies. It has recovered approximately Rs 96 cr including penalty & interest
Govt detects GST evasions of Rs 81.54 cr by India's leading crypto exchanges
The GST investigation department has detected a total evasion of Rs 81.54 crore by crypto exchanges that included WazirX, Coin DCX and CoinSwitch Kuber
Govt's total liabilities rise 2% to Rs 128.41 lakh cr in December quarter
The government's total liabilities rose to Rs 128.41 lakh crore in December quarter from Rs 125.71 lakh crore in the three months ended September 2021, according to the latest public debt management report. The increase reflects a quarter-on-quarter increase of 2.15 per cent in October-December 2021-22.
Govt says Rs 95.86 crore recovered from 11 cryptocurrency exchanges for GST evasion
Zanmai Labs (WAZIRX), Coin DCX, CoinSwitch Kuber, Buy Ucoin, UnoCoin and Flitpay were among the exchanges that were involved in GST evasion cases. Others were Zeb IT Services, Secure Bitcoin Traders, Giottus Technologies, Awlencan Innovations India (Zebpay) and Discidium Internet Labs, according to the finance ministry.
Piyush Goyal on FTA with Dubai: FDI in last 7 years broken all records
FDI in the last 7 years has broken all records. The way Kashmir has become an attraction for investors in India and abroad after the abrogation of Article 370, was evident when a high-level delegation from UAE came to J&K: Union Minister Piyush Goyal on FTA with Dubai.
Load More...
BACK TO TOP