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"finance-ministry"

  • GST revenues soar 18 per cent to Rs 1.33 lakh crore in February

    New Delhi: Gross revenue collection from the Goods and Services Tax (GST) surged to Rs 1.33 lakh crore in February, posting an increase of 18 per cent year-on-year, the government data showed on Tuesday. The gross GST revenue collected in the month of February 2022 is Rs 1,33,026 crore of which CGST is Rs 24,435 […]
  • GST collection at Rs 1.29 lakh cr in December, 13% rise from last year

    New Delhi: GST revenue collected in December 2021 was over Rs 1.29 lakh crore, 13 per cent higher than the same month last year, the Finance Ministry said on Saturday. Though the collection was lower than Rs 1.31 lakh crore mopped up in November, December is the sixth month in a row when revenue from […]
  • How new Provident Fund interest rules impact your pocket

    Interest now earned from contributions above thresholds will be treated the same way as interest earned by term deposits in banks
  • Rapid vaccination needed for economic recovery: Finance Ministry

    Finance Ministry report suggested that maintaining a fast pace of vaccination and plugging the lags in the healthcare infra would be the most sustainable stimulus for economic recovery
  • GST revenue slips below Rs 1 lakh cr mark in June

    The gross GST revenue collected in the month of June 2021 stands at Rs 92,849 crore of which Central GST is Rs 16,424 crore, State GST Rs 20,397, Integrated GST Rs 49,079 crore
  • GST reduced tax rate, increased compliance: Finance Ministry

    Under GST, businesses with an annual turnover of up to Rs 40 lakh are exempt from the tax.
  • Finance ministry, Infosys meet on glitches in new I-T portal on Tuesday

    At the company's annual shareholder meeting, Infosys had on Saturday stated that it is working to resolve the issues and has already succeeded on some fronts.
  • Indians’ funds in Swiss banks: Govt seeks details from Swiss authorities

    Quoting data from Switzerland's central bank, PTI had reported on June 17 that funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions
  • Finance Ministry releases third instalment of revenue deficit grant of Rs 9,871 cr

    The grants are released as per the recommendations of the Finance Commission in monthly instalments to meet the gap in Revenue Accounts of states post devolution.
  • Finance Ministry relaxes spending norms

    Finance Minister Nirmala Sitharaman in the Budget 2021-22 had announced a sharp increase in capital expenditure and provided Rs 5.54 lakh crore.
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