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Single rate GST not possible in a country with poor people: Jaitley

Monday, July 1, 2019, 6:54 PM

As GST completed two years of implementation on Monday, former Finance Minister Arun Jaitley in a blog wrote, "Those who argued for a single slab GST must realise that a single slab is possible only in extremely affluent countries without poor people." "As revenue increases, it'll allow policymakers to possibly merge 12% and 18% slab into one," he added.
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GST Council to consider reducing tax on electric vehicles: Anurag

Monday, June 24, 2019, 1:28 PM

The GST Council will consider reducing tax on electric vehicles, which are seen as more environment-friendly, and the matter is pending before it, Minister of State for Finance Anurag Thakur informed the Lok Sabha on Monday. "The matter has been placed before the GST Council and will be considered. As of now, it is pending before the council," he said.
 
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Government collects Rs 1,00,289 crore GST in May

Saturday, June 1, 2019, 4:37 PM

For the third month in a row, government has managed to collect over Rs.1 lakh Goods and Services Tax. India's gross GST revenues in month of May, 2019 stood at Rs.1,00,289 crore, the finance ministry said today. The gross collection in May is, however, lower than Rs.1,13,865 crore collected in April, when it hit an all-time high. GST collections in March was Rs.1,06,577 crore.

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