Finance Minister - Electronic Gurudev

Finance Minister Arun Jaitley on Tuesday said that the government has collected Rs 92,283 crore in Goods and Service Tax (GST) for the month of July so far. The total amount collected includes the Central GST of Rs 14,894 crore, State GST of Rs 22,722 crore and integrated GST of Rs 47,469 crore. He further said that the Integrated GST will be allotted between the states and the Centre. Within the IGST, the tax collected from imports stands at Rs 20,964 crore. The Rs 92,283 crore includes a compensation cess of Rs 7,198 crore. The Finance Minister said that around 38 lakh entities had filed their returns. Jaitley said that it was "best to put the GST numbers authentically in the public domain." The Finance Minister said that little more than 64 percent eligible tax payers had complie...

The Union budget 2017-2018 put the focus firmly on the idea of Digital India with the government announcing more steps for increasing digital payments in the country, along with a boost to the optical fibre network in rural areas to improve internet connectivity and access. Here’s a look at the top Digital India-related announcements from the Budget 2017-2018. Aadhaar Pay Aadhaar Pay, which is a merchant version of Aadhaar Enabled Payment System (AEPS), will be launched shortly. According to the Finance Minister, “This will be specifically beneficial for those who do not have debit cards, mobile wallets and mobile phones.” The government has set a target of 2,500 crore digital transactions for 2017-18 through UPI, USSD, Aadhar Pay, IMPS and debit cards. Additionally the govern...

Tag: Finance Minister

Centre collects Rs 92,000 crore through GST in July, Exceeded Target

Announcements for Aadhaar-Pay, BharatNet and other Digital India Initiatives in Union Budget 2017