COVID-19: Highest ever single day recoveries of 54,859 today (See 'TOG News')Goyal to dedicate Railway Museum at Hubballi to Nation (See 'TOG News')Agri Infrastructure Fund to generate job opportunities in rural economy: HM (See 'TOG News')I-T - Dismissal of appeal for being filed in name of a non-existent company amalgamated with another entity, is not tenable, where the court omits to consider an order passed by the HC regarding automatic transfer of litigations of transferor companies to transferee: HC (See 'TOG Latest')I-T - ATM units qualify as computers & are eligible for higher rate of depreciation - expenses incurred on taking premises on lease & on improving them qualify as revenue expense as such premises do not belong to the assessee & no capital asset arises therefrom: HC (See 'TOG Latest')Central Excise - Violation of principles of natural justice are per se insufficient to invoke extraordinary jurisdiction of High Court - issue of denial of opportunity to cross examine relevant witnesses can also be canvassed before the Tribunal: HC (See 'TOG Latest')VAT - An exemption notification has to be interpreted in a strict manner without adding any words to it - Carbide tip tools are treatable as consumable goods & are entitled for exemption, since they lose their utility upon use by the purchases & cease to remain tools or cutting devices: HC (See 'TOG Latest')Tomar, Goyal flag off first 'Kisan Rail' (See 'TOG News')Health Ministry engages with Districts reporting higher COVID-19 mortality (See 'TOG News')TP - Where main relief is granted on the basis of one reason, the adjudication of exclusion of a comparable company for other reasons may not be necessary - rectification application seeking adjudication of secondary grounds, need not be entertained: ITAT (See 'TOG Latest')I-T - Quantum of additions made on account of bogus purchases merits being restricted, where AO relies solely on information sourced from DGIT (Inv) without conducting independent inquiry & where assessee too fails to disprove such charges: ITAT (See 'TOG Latest')Central Excise - It is settled position in law that CENVAT credit is allowed in respect of Cargo Handling Services used for clearance of final product from the port for export: CESTAT (See 'TOG Latest')Central Excise - Goods which are not removed from factory without payment of duty, do not become contravening goods & so are not liable for confiscation - similarly, provisions of CEA 1944 do not enable seizure or confiscation of raw materials: CESTAT (See 'TOG Latest')NEP is based on holistic approach: PM (See 'TOG News')Is there a time limit to avail ITC of GST paid under Reverse Charge? PART-II (See 'THE INSIGHT')
Tax on Go
Budget 2015
Click the banner to download Documents
HOME       GST     INDIRECT TAX     INCOME TAX     DTAA     TP     MIXED BAG     LIBRARY    

GST - Exchequer netted Rs 102083 Cr in July this year

By TOG News Service
Aug 02, 2019 , New Delhi

TOG NEWS SERVICE, NEW DELHI, AUG 02, 2019: THE total gross GST revenue collected in the month of July, 2019 is Rs 1,02,083 crore of which CGST is Rs 17,912 crore, SGST is Rs 25,008 crore, IGST is Rs 50,612 crore (including Rs 24,246 crore collected on imports) and Cess is Rs 8,551 crore (including Rs 797 crore collected on imports). The total number of GSTR 3B Returns filed for the month of June up to July 31, 2019 is 75.79 lakhs.

The revenue in July, 2018 was Rs 96,483 crore and the revenue during July, 2019 is a growth of 5.80% over the revenue in the same month last year. During April-July 2019 vis-à-vis 2018, the domestic component has grown by 9.2% while the GST on imports has come down by 0.2% and the total collection has grown by 6.83%. Rs 17,789 crore has been released to the states as GST compensation for the months of April-May, 2019.