Chhattisgarh Current Affairs - 2019

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Maharashtra tops in GST collection in first five months

Maharashtra and Uttar Pradesh are top contributors among states and Union Territories in the first five months since the rollout of the Goods and Services Tax (GST) regime in July 1, 2017. The data was revealed by Minister of State (MoS) for Finance Shiv Pratap Shukla in reply to a question in Lok Sabha.

Key Facts

State GST (SGST) collections: Maharashtra tops SGST collections with Rs 18,701 crore. Tamil Nadu is at the second spot with Rs 8,739 crore collection followed by Karnataka and Gujarat with SGST collections of Rs 7,736 crore and Rs 7,375 crore, respectively.

Cess Collection: Maharashtra garnered Rs 3,702 crore and Uttar Pradesh collected Rs 3,549 crore through cess levied on sin and luxury goods. Karnataka ranks third with cess collection of Rs 3,110 crore, followed by Chhattisgarh that raised Rs 2,288 crore as cess. The Central Government has garnered Rs 30,224 crore as cess from July November 2017 period.

Total Collection: In July November 2017 period, government has garnered Rs 30,224 crore as cess. about Rs 59,048 crore as Central GST (CGST) and Rs 87,888 crore as SGST.

Integrated GST (IGST): Rs 1.91 lakh crore has been collected as IGST. Out of the total IGST collection, Rs 90,038 crore has been collected through imports.

Background

The GST regime implemented from July 1, 2017 has tax four slabs of 0, 5, 12, 18 and 28%. Additional cess ranging from 1 to 290% is levied over and above highest tax rate of 28% on sin and luxury goods such as tobacco, cigarettes and luxury cars. The amount collected through cess flows into compensation fund, which is used to compensate states for revenue losses on account of implementation of GST.

As per Section 7 of GST (Compensation to States) Act, 2017, states and UTs with legislatures have to be compensated for revenue losses arising out of implementation of GST during five-year transition period for new indirect tax regime beginning from date on which SGST Act of concerned state has come into force.

Month: Categories: National

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Adivasi Mahotsav 2017: Tribal Festival organised in Chhattisgarh 

The Aadivasi Mahotsav 2017 was held in Raipur, Chhattisgarh to display the rich and diverse tribal traditions of the central state. It was inaugurated by Union Tribal Affairs Minister Jual Oram and Chhattisgarh Chief Minister Dr Raman Singh.

Key Facts

The festival has been organised in the memory of 1857 revolutionary from the region, Shaheed Veernarayan Singh on his martyrdom day. Tribal culture, literature and food festivals, tribal Olympiad and hackathon were held during the event. Besides, tribal literature festival was organized at Pt Deendayal Upadhyay Auditorium during the festival. Regional folk dances such as Bihu, Cherav dance of Mizoram, Hojgiri of Tripura and other folk dances of Nagaland, Manipur, Arunachal Pradesh and Meghalaya were performed during festival.

Month: Categories: States

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