Business Economy

GST collection reaches Rs 1,29,780 cr in December 2021

New Delhi [India]: The gross GST revenue collected in the month of December 2021 is Rs 1,29,780 crore of which CGST is Rs 22,578 crore, SGST is Rs 28,658 crore, IGST is Rs 69,155 crore (including Rs 37,527 crore collected on import of goods) and cess is Rs 9,389 crore (including Rs 614 crore collected on import of goods), informed the Ministry of Finance on Saturday.The government has settled Rs 25,568 crore to CGST and Rs 21,102 crore to SGST from IGST as regular settlement. The total revenue of the Centre and the States in the month of December 2021 after settlements is Rs 48,146 crore for CGST and Rs 49,760 crore for the SGST. The revenues for the month of December 2021 are 13 per cent higher than the GST revenues in the same month last year and 26 per cent higher than…

Entertainment Punjabi

‘Honsla Rakh’ Witnessed A Rise On Wednesday

Diljit Dosanjh starrer ‘Honsla Rakh’ had a great opening weekend in India and overseas. It has turned into the highest-opening Punjabi film of all time. In the meantime, on the weekdays the collections had dropped a little, which is a quite normal phenomenon. Nevertheless, it seems that the movie is again picking up the pace as the week inches towards the weekend. According to Box Office India, the movie’s collection in Punjabi witnessed a rise of Rs. 2,00,000. On Tuesday, the collection from East Punjab was Rs. 83,00,000, while on Wednesday, the movie made a business of Rs. 85,00,000. Though the collections saw a drop in Delhi city, it was only after the great run of the first five days. According to the reports, Punjab is expected to see a drop on day seven. On the other hand, there is a chance that the movie…

Business Economy

GST Collection For The Month Of June Fell Below Rs 1 Trillion For The First Time

Goods and Services Tax (GST) collections for the month of June fell below Rs 1 trillion for the first time in months, government data released on Tuesday showed. The gross GST revenue collected in the month of June is at Rs 92,849 crore. The collection dropped below Rs 1 trillion marks after posting above the mark for eight months in a row. GST collections moderated to an eight-month low of Rs 1.02 trillion in May. The revenues for the month of June 2021 are 2 percent higher than the GST revenues in the same month last year. The figures include GST collection from domestic transactions between June 5 to July 5 since taxpayers were given various relief measures in the form of waiver/reduction in interest on delayed return filing for 15 days for the return filing month June for the taxpayers with the aggregate turnover…