GST collection slips below Rs 1 lakh cr mark in March

GST collections in March slipped below the   psychological Rs 1 lakh crore-mark for the first time in four months to Rs 97,597 crore as the Covid-19 lockdown that shut most businesses......

Thanks to shutdown, April's factory output falls 55%

The government clarified that the majority of industrial establishments had reported nil production, and cautioned that the numbers should not be compared with those of previous months.  'It......

GST delay to cast shadow on Budget

Consensus seems a problem before the current session of Parliament ends.Business Standard's Dilasha Seth and Indivjal Dhasmana report. A delay in enforcing the proposed national goods and services......

How GST can boost revenue

  Even with less than ideal design features, the state VAT pushed up revenues. The Goods and Services Tax, with an improved design and a fully integrated IT system for both the Centre and the......