GST

The revenues for the month of September this year are 26 per cent higher than the GST revenues in the same month last year.

There has been a remarkable increase in the speed of processing of income tax returns filed during the current fiscal, with almost 93 per cent of the duly verified ITRs having been processed till Saturday, said a statement.

Earlier, there was no GST levied on corporate houses or individuals for renting or taking a residential property on lease.

He said that the government’s decision will give a boost to the gross domestic industry. For example, if people buy wheat and grind it by not taking packet flour, then they will be saved from GST and will get pure food to eat.

This decision has been taken despite the fact that only about Rs 25,000 crore is available in the GST Compensation Fund, said the Union Ministry of Finance.

Interestingly, the area where now stands the ‘Chalachitra Shatabarsha Bhawan’ used to house the famous Radha Studio and thus, Chief Minister Mamata Banerjee named the newly-made auditorium ‘Radha Studio’.

CM Bhupesh Baghel, in his letter to the states, shared the disadvantages of the closure of GST compensation, said, “We should talk to the Center together”.