Diabytes
GST India News
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The revenue in May, 2019 is 2.21% higher than the monthly average of GST revenue in FY 2018-19 (Rs 98,114 crore).
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The revenue from goods and services tax (GST) in September was Rs 94,442 crore.
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A central monitoring committee, comprising of 15 top secretaries, will meet every Tuesday to take stock of the situation.
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Lower global oil prices have boosted economic activity, and helped lower inflation.
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The Union Cabinet this week cleared four supplementary Goods and Services Tax (GST) legislations which will be introduced in Parliament in the ongoing budget session.
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Finance Minister Arun Jaitley said on Wednesday that the government was hoping to implement the Goods and Services Tax (GST) by July 1 after the enabling Bills get Parliament`s nod in the current budget session.
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Prime Minister Narendra Modi on Monday said that the government will talk to all parties on GST and seek a consensus for its passage.
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Congress wants the government to cap the GST rate at less than 20 percent.
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Gearing up to roll out GST from April 1, 2016, the Finance Ministry on Wednesday set up two committees to suggest tax rates and look into IT preparedness for the new indirect tax regime.
Government needs to reconsider levy of one percent additional tax by states over and above GST rate as it could make intra-state movement of goods expensive and hurt the 'Make in India' campaign, Chief Economic Advisor Arvind Subramanian said on Tuesday.
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