In another indicator of economic slowdown, GST collection has dropped below Rs 1 lakh crore mark to Rs 91,916 crore for September. The September collection is believed to be the lowest in nineteen months.The revenue during September, 2019 has declined by 2.67% in comparison to the revenue during September, 2018. During April-September, 2019 vis-à-vis 2018, the domestic component has grown by 7.82% while the GST on imports has shown negative growth and the total collection has grown by 4.90%
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Watch Rs 91,916 crore total gross GST revenue collected in September With HD Quality.
In another indicator of economic slowdown, GST collection has dropped below Rs 1 lakh crore mark to Rs 91,916 crore for September. The September collection is believed to be the lowest in nineteen months.The revenue during September, 2019 has declined by 2.67% in comparison to the revenue during September, 2018. During April-September, 2019 vis-à-vis 2018, the domestic component has grown by 7.82% while the GST on imports has shown negative growth and the total collection has grown by 4.90%
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Record levels of loan recovery have been reached in FY19, with recovery of Rs 1.21 lakh crore as against Rs. 77,563 crore in FY18.
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The Supreme Court has instructed telecom companies to deposit the dues sought by the government in three months in accordance with the court's Thursday order backing a broader definition of Adjusted Gross Revenue (AGR). But what is AGR and what does this judgement mean? ET Online's Sakshi Prashar and Tenzin Khando have the answer. (Text: ET Bureau)
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