GST Current Affairs - 2019

Category Wise PDF Compilations available at This Link

1 July: GST Day

1st July 2019 is being celebrated as GST (Goods & Services Tax) Day. This year marks the 2nd anniversary of implementation of historic tax reform of Goods & Services Tax. Background First GST Day was celebrated on 1 July 2018, as to mark the first anniversary of new indirect tax regime i.e. Goods and Services Read More…

Month:  Categories: Events & Observances

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GST Revenue Touches Record High in March

The statement from the Finance Ministry states that GST collections scaled to a record high of Rs 1.06 trillion in March. The revenue collection was Rs 97,247 crore in the month of February. Record Revenue Mobilisation The record revenue collection was attributed to increased compliance and increase in the number of returns filed. Total gross GST revenue Read More…

Month:  Categories: Business, Economy & Banking

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RBI Governor bats for Permanent Status to Finance Commission

Reserve Bank of India (RBI) governor Shaktikanta Das called for permanent status to Finance Commission.  RBI Governor Shaktikanta Das is also the member of the fifteenth finance commission. Necessity of the Permanent Status The permanent status will ensure consistencies between finance commissions so that there is some certainty in the flow of funds to states. Read More…

Month:  Categories: Business, Economy & Banking

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Economic Survey Report for 2018-19 of Delhi

The government of Delhi has tabled the Economic Survey Report for 2018-19 in Delhi Assembly. The Survey report highlights the following facts and figures: Delhi witnessed a growth of 8.61% in 2018-19 and the GDP increased of Delhi at constant prices (inflation-adjusted) increased to Rs 5,54,908 crore during 2017-18. The tax collection registered a growth Read More…

Month:  Categories: States

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Revenue Mobilisation: Interim Budget 2019

The interim budget has announced a slew of welfare measures for farm and rural economy, middle class, realty and housing and the unorganised sector. The burden on the exchequer due to the farm income support scheme PM-KISAN itself comes around Rs 75000 crores. This necessitates the government to explore the avenues to find the corpus to Read More…

Month:  Categories: Business, Economy & Banking

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Interim Budget 2019: Highlights

The highlights of the Interim Budget 2019 presented by the Finance Minister are listed below: 6,000 rupees yearly direct support to farmers through PM-KISAN Programme. Pension of 3,000 rupees for unorganised sector workers earning up to 15,000 rupees through a mega Pension Scheme – Pradhan Mantri Shram- Yogi Maandhan. Present Income Tax rates to continue Read More…

Month:  Categories: Business, Economy & Banking

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India Micro, Small, and Medium Enterprises Report 2018: Key Facts

The India Micro, Small, and Medium Enterprises Report 2018 has been released Kochi based Institute of Small Enterprises and Development at the  South India MSME Summit 2019 in  Bengaluru. Findings of the Report The important findings of the report include: MSMEs need radical reforms to solve its pressing problems and to utilize its potential. Several Read More…

Month:  Categories: Reports & Indices

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