GST collections reached a record high of more than Rs 1.15 lakh crore in December, reflecting holiday demand and the revival of the economy. GST gross revenue collected in the month of December 2020 is Rs 1,15,174 crore and is the highest since the introduction of the goods and services …
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The government faces a new internal trade-off between fiscal stability and sticky inflation. The government has a difficult decision on whether to keep gasoline and diesel prices high or low, since in either case, retail fuel prices will hurt the economy in their own way. While high fuel prices can …
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Over the past few weeks, there has been a heated discussion between the central and state governments about offsetting the goods and services tax (GST). The Center had assured states compensation for any shortfall in tax collection through 2022. Mint explores the issue. Why is tax revenue so stressed? Tax …
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