Goods and Services Tax

In the Union Budget 2019-20 presented today, FM Nirmala Sitharaman laid out a 16-point action to set the agriculture sector up for better times. An allocation of Rs 2.83 lakh crore will be made for the agriculture sector, the FM announced. 

"With renewed vigour, under PM's leadership, we commit ourselves to present the people of India with all humility and dedication. People have reposed faith in our economic policy," she added.

The government is widely expected to raise spending on infrastructure and cut some personal tax to spur consumer demand and investment.

In July last year, Sitharaman had said that the Modi government is not a "suitcase-carrying government", in an apparent jibe at the past dispensations.

While speaking at 'Yescon 2020', Haasan said he had also urged the industry to talk to the government about the GST but to no avail.

The positive growth in the GST collection comes two months after negative growth and 6 per more than the corresponding month of the last year. A total of Rs 95380 crore was collected in October.

The total revenue earned by the Centre and the state governments after regular settlement in October is Rs 38,224 crore for CGST and Rs 37,645 crore for the SGST.

The total number of GSTR 3B returns filed for August up to September 30 is 75.94 lakh, according to a statement issued by the Ministry of Finance.