In signs of acceleration in economic activity, India's tax collections on goods sold and services rendered returned to over Rs 1 lakh crore in July after the second wave of Covid-related restrictions caused a blip in the previous month. Goods and Services Tax (GST) mop-up grew 33 per cent year-on-year in July to over Rs 1.16 lakh crore, indicating that the economy is recovering at a fast pace. In July 2020, the collection was Rs 87,422 crore. This is the second highest collection so far this fiscal after a record Rs 1.41 lakh crore mop-up in April.
'So far, the government has sanctioned more than Rs 300 billion as GST refunds,' Ansh Bhargava and Aditya Singhania point out.
Neil Bhoopalam plays aspiring prime minister in the series 24.
Tax experts are nudging the authorities to figure out why so many assessees are not filing their returns.
Mohammed Azharuddeen slammed a 37-ball century to power Kerala to an emphatic eight-wicket victory against Mumbai in the Syed Mushtaq Ali Trophy T20 match at the Wankhede Stadium, in Mumbai, on Wednesday.
A round-up of Ranji matches played on Monday.
Foreign Trade Policy: More incentives for exports, focus on ease of trading
A round-up of all the Ranji Trophy matches played on Monday.
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