At Rs 1.15 lakh crore, India records highest GST collections in Dec - The Daily Guardian
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At Rs 1.15 lakh crore, India records highest GST collections in Dec

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The gross GST revenue collected in the month of December 2020 rose to Rs 1,15,174 crore, an all-time monthly high since the implementation of the new tax regime, according to Union Finance Ministry. The December figures, which are 12% higher the GST revenues in the same month last year, are in line with the recent trend of recovery in the GST revenues, the Ministry added.

The highest GST collection till now was Rs 1.13 lakh crore in April 2019.

Of the Rs 115,174 crore in December 2020, the Central GST was Rs 21,365 crore, State GST Rs 27,804 crore and Integrated GST Rs 57,426 crore (including Rs 27,050 crore collected on imports) and cess Rs 8,579 crore (including Rs 971 crore collected on imports).

The total number of GSTR 3B returns filed for the month of November up to December 31 is Rs 87 lakh, according to a statement issued by the Finance Ministry.

The government settled Rs 23,276 crore to CGST and Rs 17,681 crore to SGST from IGST as regular settlement.

The total revenue earned by Central government and state governments after regular settlement in December is Rs 44,641 crore for CGST and Rs 45,485 crore for the SGST.

“This is the highest growth in monthly revenues since last 21 months,” said the statement. The December 2020 revenues are significantly higher than last month’s revenues of Rs 104,963 crore.

“It has been due to combined effect of the rapid economic recovery post-pandemic and the nationwide drive against GST evaders and fake bills alongwith many systemic changes introduced recently, which have led to improved compliance.”

This is the third month in a row in current financial year after the economy has been showing signs of recovery post-pandemic that the GST revenues have been more than Rs 1 lakh crore.

The average growth in GST revenues during the last quarter has been 7.3 per cent as compared to minus 8.2 per cent during the second quarter and minus 41 per cent during the first quarter of financial year.

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CAPTAIN AMARINDER’S BONDING WITH HARYANA CM CONTINUES TO LEAD TO NEW POLITICAL SCENARIO

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Captain Amarinder Singh, former Chief Minister of Punjab met Manohar Lal, the Chief Minister of Haryana recently leaving everyone with new political speculations. The captain continues to struggle for his political survival after he was removed from the post of Chief Minister of Punjab. Following this, he formed a new party and remained in touch with the BJP.

Even he had a conversation with the Prime Minister Narendra Modi and other BJP stalwarts. In continuation to mentioned above, his meeting with Manohar Lal is being considered another new development. Political experts are of the opinion that Manohar Lal is most likely to help him to get lost political ground in Punjab.

No one can deny that Manohar Lal is in the good books of the PM Modi, Amit Shah, Union Home Minister along with national party president JP Nadda. Thus, it is clearly visible how crucial role he can play for Captain as he is believed to come with an alliance with the BJP ahead of the assembly election in Punjab.

Everyone is familiar with the fact that earlier both Manohar Lal and Singh continued to take on each other pertaining to many issues belonging to both Haryana and Punjab states. Particularly, Sutlej Yamuna Link (SYL), Haryana’s demand of its share in assembly and separate High court emerged as main factors for rift between Manohar Lal and Captain Amrinder, then CM of Punjab.

Singh’s removal from the post of Chief Minister by the Congress party high command led to give birth to new political scenario. It came to know that both stalwarts had long talk over a string of issues, be it personnel or political. Putting aside previous experiences and bitterness, both also involved in discussion about the upcoming assembly elections in Punjab.

Apart from aforesaid, it is worth mentioning that BJP’s bonding with Amarinder Singh is also likely to help the party in Haryana as he owns a well reputation in the state, particularly among farmers. The agrarian community is not in good terms with the BJP-JJP government after the contentious farm laws were introduced by the Union Government.

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Ratan Malakar to file nomination as independent candidate

Arup Kali

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Outgoing co-ordinator Ratan Malakar submitted his nomination as an independent candidate in Chief Minister Mamata Banerjee’s ward after he was denied a ticket. In the list of pre-poll Trinamool candidates announced on Friday, Kajri Bandyopadhyay, wife of CM’s brother Kartik Bandyopadhyay, was made a candidate in the ward of the Chief Minister’s house.

As soon as the name was announced, campaign started and Ratan did not take part in it. On the last day, he submitted his nomination as an independent candidate in ward no. 73. Ratan, who is also the chairman of Boro-9, said: “I have voluntarily become an independent candidate. I don’t want to say anything against anyone.”

In 2000, Ratan stood for the first time as a TMC candidate in Ward No. 71. At the behest of the then Leader of the Opposition Mamata Banerjee, the leaders accepted Ratan as their candidate. He was shifted to ward no. 73 in 2005.

He became a councillor from the ward of the Chief Minister’s house in 2005, 2010 and 2015. But Ratan was not made a candidate this time. Ward 73 is part of the Chief Minister’s Assembly constituency Bhabanipur. On Tuesday, Sachchidananda Bandyopadhyay, former chairman of Kolkata municipality, stood as an independent candidate in ward no 80, after being denied a ticket from ward number 70.

Trinamool is uneasy as there are two independent candidates in the Chief Minister’s constituency. Former Minister Subrata Mukherjee’s sister Tanima Chatterjee has become an independent candidate. Her name was withdrawn after the announcement. December 4 is the last day for withdrawal of nominations.

However, South Kolkata district Trinamool president Debashis Kumar has spoken harshly against Sachchidananda and Ratan. “Many stand as independent candidates for many reasons. Fourth is the last day for withdrawal of nomination. If they withdraw their nomination on that day, then it is all right. But if they do not withdraw their nomination, we will take appropriate action.”

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BJP MP ROOPA GANGULY SLAMS BENGAL LEADERSHIP, WALKS OUT OF MEET

Arup Kali

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Actor-turned-politician Roopa Ganguly raised serious allegations against senior state BJP leadership for being biased while distributing tickets for the Kolkata Municipal Corporation (KMC) election after she expressed dismay over the selection of candidates for the civic polls during a virtual meeting chaired by West Bengal BJP president Sukanta Majumdar (who was in Delhi), MP Dilip Ghosh and state general secretary (organisation) Amitava Chakraborty.

During a virtual meeting of the BJP on Tuesday, she expressed her anger and stormed out of the room. “Don’t call me to this meeting,” she said. The Bengal BJP will approach the central leadership with her behaviour.

A few days prior to the Kolkata bypolls, the BJP has already announced the list of candidates. After that the political equation within the party is changing. An atmosphere of anger is also being created in some cases. This time, BJP MP Ganguly is against the party.

It is learned that the meeting was held with the pre-vote. Apart from Roopa, the meeting was also attended by BJP state president Sukant Majumder, former state president and party’s all-India vice president Dilip Ghosh. Many more BJP leaders took part in the meeting. During that meeting, she abruptly left it. Sources said the Bengal BJP will inform the central leadership about this.

After that, Ganguly wrote a post on Facebook: “Today my belief got confirmed that Tista death was not a mere accident but a murder. Sorry BJP4Bengal, I am with Gaurab in my little capacity.”

She further wrote, “I understand that the death of Tista is not a mere accident. I will be by Gaurab’s side.” ‘Tista’s husband’s name is Gaurab. According to sources, Roopa is angry that she did not get a ticket in the pre-poll.

After the death of BJP councillor in a road accident, Rahul Sinha stood in front of the body and said there should be an investigation.

A post by Roopa on social media after the recent death of Subrata Mukherjee also made the party uneasy. She wrote, “You have taken Tista, boss. Ma Kali will take something back.” She further claimed that he was supposed to join the BJP before the 2021 elections. But he didn’t like the deal.” She added: “I don’t say all these things. I remain silent. The BJP leadership did not agree with his remarks.”

The BJP was supposed to give tickets to Gaurab, the husband of Tista Biswas. But Biswas’s husband did not get a ticket. So, he will fight from that ward as an independent. Several BJP leaders are also angry over the nomination of candidates. The team has already taken action against a few.

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Chautala asks farmers to open borders after farm laws repealed

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Haryana Deputy Chief Minister Dushyant Chautala on Wednesday said that the farmers protesting on the Delhi borders should return home and open the borders as the Centre has taken back the three farm laws and is ready to talk on the Minimum Support Price (MSP).

Addressing a press conference here, the Deputy CM said, “Now that the Centre has taken back the three farm laws in the Parliament and their MSP demand is ready to be talked about by the Centre, farmers should return and open our borders.” Chautala further announced that the government will withdraw even the “non-lethal” cases against the farmers. “Even the non-lethal cases against farmers will be taken back,” he said.

The Deputy CM appealed to the Centre to replicate the act of the state government of directly transferring the MSP on paddy crops for the last two harvests. “Farmers demanded MSP in Haryana and our govt, in the last 2 harvests, directly transferred Rs 30,000 crores for MSP on paddy crops. I urged the Centre to replicate this all over the nation,” he said.

Earlier this month, Jannayak Janta Party leader Dushyant Chautala welcomed the Centre’s decision to repeal the three contentious farm laws and hoped they would be reintroduced in a better way.

Speaking briefly to reporters in the national capital today, Chautala said, “The Prime Minister has himself said that he could not let the benefits be understood by the farmers. I think now it is high time that we make the farmers understand the benefits and reintroduce the laws in a better way.”

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GST COLLECTED IN NOV 2021 SECOND HIGHEST SINCE IMPLEMENTATION

As per finance ministry, the recent trend of high GST revenues has been a result of various policy and administrative measures that have been taken in the past to improve compliance.

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The gross Goods and Service Tax (GST) revenue of Rs 1,31,526 crore collected in November is the second-highest since the implementation of GST, said the Ministry of Finance.

As per the release issued by the ministry, this includes Central Goods and Service Tax which is Rs 23,978 crore, State Goods and Service Tax which is Rs 31,127 crore and International Goods and Service Tax which is Rs 66,815 crore, Rs 32,165 crore collected on import of goods and Cess of Rs 9,606 crore (including Rs 653 crore collected on import of goods). “The GST revenues for November have been the second-highest ever since the introduction of GST, second only to that in April 2021, which related to year-end revenues and higher than last month’s collection, which also included the impact of returns required to be filed quarterly. This is very much in line with the trend in economic recovery, “ reads the release.

“For the second straight month, gross GST collection crossed Rs 1.30 lakh crore. The revenues for the month of November 2021 are 25 per cent higher than the GST revenues in the same month last year and 27 per cent over 2019-20. During the month, revenues from import of goods were 43 per cent higher and the revenues from the domestic transaction (including import of services) are 20 per cent higher than the revenues from these sources during the same month last year,” it added.

As per the release, the recent trend of high GST revenues has been a result of various policy and administrative measures that have been taken in the past to improve compliance. “Central tax enforcement agencies, along with the State counterparts have detected large tax evasion cases, mainly cases relating to fake invoices, with the help of various IT tools developed by GSTN that use the return, invoice and e-way bill data to find suspicious taxpayers,” it said.

“A large number of initiatives undertaken in the last one year like enhancement of system capacity, nudging non-filers after the last date of filing of returns, auto-population of returns, blocking of e-way bills and passing of input tax credit for non-filers has led to consistent improvement in the filing of returns over the last few months,” it added.

As per the data shared, the highest amount of tax is collected from Maharashtra (Rs 18,656 crore), followed by Gujarat (Rs 9,569 crore) and Karnataka (Rs 9,048 crore).

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IMD PREDICTS ABOVE-NORMAL RAINFALL IN SIX STATES

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India Meteorological Department (IMD) on Wednesday predicted above-normal rainfall for December to February for coastal Andhra Pradesh, Rayalaseema, south interior Karnataka, Tamil Nadu, inner Puducherry, and Kerala.

“Our prediction for above-normal rainfall for December to February is for coastal Andhra Pradesh, Rayalaseema, south interior Karnataka, Tamil Nadu, inner Puducherry, and Kerala,” said the Indian Meteorological Department. “Below normal rainfall probability is predicted for North-West India, thus their average temp is expected to stay above normal,” it added.

“Punjab, Haryana, and west Rajasthan are expected to experience a normal average temperature,” it added. “It is difficult to tell the temperature as above or below normal of east and west Uttar Pradesh, Madhya Pradesh, east Rajasthan, and Gujarat, but the maximum temperature is expected to stay below normal,” it said.

Eight people have died in rain-related incidents in Tamil Nadu in November, While, torrential rains claimed 27 lives in Kerala in October. While unprecedented rainfall claimed the lives of 44 people in Andhra Pradesh.

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