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GST collections dip marginally to Rs 86,318 crore in January (Lead)
New Delhi, Feb 27 (IANS) Revenue collections under the Goods and Services Tax (GST) fell marginally in January by Rs 385 crore to Rs 86,318 crore.
The collections had picked up in December to touch Rs 86,703 crore, after falling for two straight months.
“The total revenue received under the GST for January 2017 (received up to February 25) has been Rs 86,318 crore,” said the Finance Ministry.
Of this, Rs 14,233 crore has been collected as Central GST, Rs 19,961 crore as State GST, Rs 43,794 crore as Integrated GST and Rs 8,331 crore as compensation cess, it added.
Deloitte India’s Senior Director M.S. Mani said the lower-than-expected GST collections would push the government to hasten the introduction of anti-evasion measures such as invoice matching, reverse charge on transactions with unregistered dealers and transition credit scrutiny in addition to the e-way bill, expected to roll out from April 1.
“While the GST revenues and number of return filers are gradually increasing or are same as compared with last month’s figure, the tax base and revenue numbers have certainly not reached expected levels. This could lead to more enquiries and scrutiny from the tax authorities,” Mani said.
According to the Ministry, around 1.03 crore taxpayers have been registered under GST so far and around 57.78 lakh returns were filed.
“This is 69 per cent of total taxpayers who are required to file monthly returns,” the Ministry said.
Of the total amount collected as GST, Rs 11,327 crore would be transferred from IGST to CGST account and Rs 13,479 crores to SGST account “by way of settlement of funds on account of cross utilisation of IGST credit for payment of CGST and SGST respectively or due to inter-state business-to-consumer transactions”.
“Thus, the total collection of CGST and SGST is Rs 25,560 crore and Rs 33,440 crore respectively, including transfers by way of settlement,” said the Ministry.
Before picking up in December, the revenue collection fell for two consecutive months from over Rs 92,000 crore in September to Rs 83,346 crore in October and Rs 80,808 crore in November.
The GST collection for July was over Rs 95,000 crore while for August it was more than Rs 91,000 crore.
–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma
World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.
Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.
During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.
On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”
Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.
It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.
Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.
Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”
On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”
The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.