GST Collections Dip in Aug., but Finance Ministry Sees Growth

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GST Collections Dip in Aug., but Finance Ministry Sees Growth follow us: thursday, september 2, 2021 Delhi City Edition thehindu.com 16 pages ț ₹10.00 facebook.com/thehindu twitter.com/the_hindu After August deficit, Bengal BJP sends legal Era of wars to remake India takes on England IMD forecasts ‘above notice to two MLAs who countries is over, says in fourth Test at The normal’ rain in Sept. defected to Trinamool U.S. President Biden Oval from today page 8 page 9 page 13 page 15 Printed at . Chennai . Coimbatore . Bengaluru . Hyderabad . Madurai . Noida . Visakhapatnam . Thiruvananthapuram . Kochi . Vijayawada . Mangaluru . Tiruchirapalli . Kolkata . Hubballi . Mohali . Malappuram . Mumbai . Tirupati . lucknow . cuttack . patna NEARBY GST collections dip in Aug., but Breakthrough infections Finance Ministry sees growth on expected lines: report Vaccines continue to protect against severe disease: INSACOG ‘Revenues crossed ₹1 lakh cr., which shows economy is recovering at a fast pace’ Rawat meets Amarinder special correspondent amid infighting in Cong. Special Correspondent NEW DELHI CHANDIGARH NEW DELHI Amidst reports of rising Amid the ongoing infighting Gross Goods and Services numbers of “breakthrough in the Congress, AICC Tax (GST) revenues in Au­ infections”, or infections fol­ in­charge of Punjab affairs Harish Rawat on Wednesday gust fell to ₹1.12 lakh crore lowing two doses of vaccine, met Chief Minister Amarinder from ₹1.16 lakh crore collect­ in India, a government body Singh, a day after he met ed the previous month. said these numbers are on State party president The Finance Ministry said expected lines but did not Navjot Singh Sidhu. the collections, which per­ officially quantify the extent NORTH & EAST Ī PAGE 4 tain largely to economic ac­ of such infections. DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD tivity in July, indicated a “The number of reported “fast” economic recovery vaccination breakthroughs Haryana government underway. But independent in India are well within the transfers Karnal SDM economists perceived it as a numbers expected from the CHANDIGARH signal of an uneven and total number of infections, has shown that they range were reinfected. The Haryana government on weak rebound. COVID­19 restrictions, the core sector growth, and das & Co., said the upshot the fraction of population from 70%­90% but their effi­ Earlier, studies from the Wednesday transferred Karnal Sub­Divisional “The revenues for August GST collections for July and moderation in the August from the latest numbers was that is vaccinated and the cacy at preventing transmis­ Christian Medical College, Magistrate Ayush Sinha, who 2021 are 30% higher than the August 2021 have again manufacturing PMI [Pur­ the healthy 30%­plus in­ known reduction in effec­ sion is significantly reduced Vellore and Post Graduate was recently caught on GST revenues in the same crossed ₹1 lakh crore, which chasing Managers’ Index] crease in GST in manufactur­ tiveness of Covishield/Co­ against newer variants such Institute of Medical Educa­ camera directing police month last year. Even as clearly indicates that the suggest that some caution is ing States such as Tamil Na­ vaxin against infections by as Delta. Like other vac­ tion Research, Chandigarh, personnel to “smash the compared to the August re­ economy is recovering at a warranted regarding the du, Maharashtra and Delta. Vaccines continue to cines, they have been de­ too, had reported between heads” of protesting farmers. venues in 2019­20 of ₹98,202 fast pace,” the Ministry said. strength of the recovery that Karnataka. protect against severe dis­ signed on the older version 1%­10% of fully vaccinated NEWS Ī PAGE 9 crore, this [₹1,12,020 crore Chief economist of rating is underway in the ongoing Among the larger States, ease and remain a corner­ of the virus isolated from healthcare workers as hav­ DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD collection] is a growth of agency ICRA Aditi Nayar said quarter,” she observed. Tamil Nadu and Karnataka stone of public health strate­ Wuhan, China. ing been reinfected. 14%,” the Ministry stated, the sequential dip in the GST But the government exud­ both recorded a 35% jump in gy,” the India SARS­CoV­2 However, less than 5% of Declare cow the national suggesting that the GST reve­ revenues “belied the healthy ed confidence that the “ro­ GST revenues, followed by Genome Consortium (INSA­ Cases among health staff them have required hospi­ animal: Allahabad HC nues have gone past their improvement in the e­way bust GST revenues are likely Andhra Pradesh (33%), Mah­ COG) said in a weekly re­ Last week, a study by scien­ talisation and no deaths LUCKNOW pre­pandemic levels. bills to a daily average of 2.1 to continue” in the coming arashtra (31%) and Gujarat port. tists at the Council of Scien­ have been confirmed, indi­ The Allahabad High Court on The GST collections had million in July 2021 from 1.8 months as well, as “econom­ (25%). Overall, the GST reve­ The INSACOG is a consor­ tific and Industrial Research cating that vaccines conti­ Wednesday said that the cow should be declared the natio­ fallen below the ₹1 lakh crore million in June 2021, which ic growth” and anti­evasion nues from domestic transac­ tium of laboratories coordi­ (CSIR)­Institute of Genomics nued to be effective — even nal animal and gau raksha mark in June due to the se­ was reflective of the lifting of activities, especially against tions (including import of nated by the Department of and Integrative Biology and against Delta variants — in should be included as a funda­ cond COVID­19 wave after a restrictions, especially “fake billers”, have been services) were 27% higher in Biotechnology (DBT). the Max Hospitals Group in preventing severe sickness mental right of the Hindus. nine­month streak above across the southern States”. contributing to the GST kitty. August year­on­year. The published efficacy of Delhi, revealed that nearly a and death. NEWS Ī PAGE 10 that threshold. “The dip in GST collec­ Rajat Bose, partner at Covaxin and Covishield quarter of 600 fully vacci­ DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD “With the easing out of tions, lower than expected Shardul Amarchand Mangal­ CONTINUED ON Ī PAGE 8 from Phase 3 clinical trials nated healthcare workers CONTINUED ON Ī PAGE 8 CCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCC Split accounts to tax No breaks No SC, ST, OBC quota Separatist leader Syed Ali EPF income: Ministry for NRIs for NEET Geelani dies New Income Tax rules notified Only one quota slot per head: Ministry Peerzada Ashiq Srinagar Vikas Dhoot taxable contribution made Priscilla Jebaraj “Why should NRIs be de­ Hardline NEW DELHI by a person,” as per the In­ NEW DELHI nied community­based re­ separatist The government has decid­ come­Tax (25th Amend­ When Rohit Vinod applied servation? Are we not In­ leader Syed ed to split existing Provident ment) Rules, 2021. for NEET (National Eligibili­ dian citizens who are Ali Shah Fund (PF) accounts into two Accordingly, all EPF ac­ ty cum Entrance Test) this guaranteed constitutional Geelani, 91, separate accounts in order counts will have to be bifur­ year, the online form asked rights? Why are we being passed to operationalise the new cated into a taxable and him to select his nationality treated similar to the fo­ away at his tax on PF income arising out non­taxable contribution and the Indian citizen, who reigners’ category?” asks his Srinagar re­ of employee contributions account, with the latter in­ is a Kuwaiti resident, select­ father Vinod Karthikeyan. sidence on Wednesday exceeding ₹2.5 lakh a year. cluding their closing ac­ ed the “NRI” option. Howev­ Shiv, another 18­year­old night, according to family The Finance Ministry not­ count balance as on March er, on the next page that NRI based in a Gulf country sources. ified new Income Tax rules 31, 2021, any contributions asked him to select the cate­ who did not want to be iden­ Under house arrest for to this effect on Tuesday, made thereafter that are gory, he was only given the tified with a surname, disco­ around a decade, Geelani, but experts said this could “not included in the taxable option of “general”, alth­ vered the opposite problem. a resident of Sopore, had prove to be an administra­ contribution account” and ough he had expected to be When he selected “Indian” been battling severe lung tive nightmare for the Em­ annual interest accrued on able to opt for Other Back­ under nationality while ap­ ailments and dementia. ployees’ Provident Fund Or­ these two components. ward Classes and avail of plying for NEET last year, he Police sources said se­ ganisation (EPFO) and a few To put that in context, the reservation. was not eligible for the NRI curity arrangements were thousand employers who EPFO had 24.77 crore mem­ His case, now pending quota seats offered by being made for his final manage their workers’ EPF bers with EPF accounts, of with the Kerala High Court, deemed universities as well rites. “Security has been savings in­house. which 14.36 crore members raises the question of as some Central medical in­ tightened across the Val­ “For the purpose of cal­ had been allotted Unique whether NRIs are eligible for stitutions, including JIPM­ ley,” a police official said. culation of taxable inter­ Account Numbers (UAN) as community quota. ER. When he applied again Geelani had earlier ex­ est…, separate accounts of March 31, 2020. About 5 Senior Health Ministry of­ this year, he was about to pressed his desire to be bu­ within the provident fund crore of these members ficials say they are operating choose “NRI” before being ried at Srinagar’s ‘Martyrs’ account shall be maintained were active contributors in­ on the principle of one can­ told that this would not al­ Graveyard’ where most during the previous year to their EPF accounts during didate being able to opt for low him to opt for the OBC militants and separatist 2021­2022 and all subse­ 2019­20.
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