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GST Collection Shortfall Stands at Rs 2.35 Lakh Crore

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The Union Finance Secretary on Thursday said GST collection has been severely impacted this year, mainly on account of the coronavirus pandemic. As per GST Compensation Law, states need to be given compensation, he told the 41st meeting of the GST Council.

“The compensation gap which has arisen this year (expected to be Rs 2.35 lakh crore), is due to coronavirus as well. The shortfall in compensation due to the implementation of GST has been estimated to be Rs 97,000 crore,” added the officials.

GST

GST

“The central government has released more than Rs 1.65 lakh crore as GST compensation to states for FY 2019-20, including Rs 13,806 crore for March. The total amount of compensation released for 2019-20 is Rs 1.65 lakh crore, whereas cess amount collected was Rs 95,444 crore,” he said.

“During April-July 2020, the total GST compensation to be paid to states is Rs 1.5 lakh crore, this is so because there was hardly any GST Collection in April and May,” said the secretary.

The 41st meeting of the Goods and Services Tax (GST) Council headed by Union Finance Minister Nirmala Sitharaman and comprising representatives of all states, held deliberations via video conferencing on ways to make up for the shortfall in states’ revenues, sources said.

While Congress and the states ruled by non-NDA parties pushed for the Centre meet its statutory obligation of covering the deficit, the Union government cited a legal opinion to say it had no such obligation if there was a shortfall in tax collections.

The Centre as well as BJP-JD(U)-ruled Bihar were of the opinion that the states should borrow to make up for the shortfall in the tax revenues that have been compounded by the COVID-19 crisis, sources said.

The options being deliberated at the GST Council meeting include market borrowing, raising cess rate, or increasing the number of items for levy of compensation cess.

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Latest News

Bharat Ratna awardee and true gem Lata Mangeshkar Ji is no more

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late Lata Mangeshkar Ji

The nightingale of the music industry, Lata Mangeshkar Ji passed away on February 6 at the age of 92 in the Breach Candy Hospital in Mumbai. She was born on September 29, 1929. Very few singers have achieved the admiration that she did in her life.

She sang thousands of songs in more than 20 different languages. Not only in India, Bangladesh, Nepal, and Pakistan, she was also admired and praised in western countries.

PM Modi was among the first ones to share the sad news. “The kind and caring Lata Didi has left us. She leaves a void in our nation that cannot be filled. The coming generations will remember her as a stalwart of Indian culture, whose melodious voice had an unparalleled ability to mesmerise people,” he tweeted.

Apart from Bharat Ratna, she received numerous honors like the Daughter of the Nation award, the Legion of Honour award from the French government, and many more. Lata Mangeshkar truly was a gift that India will never cease cherishing.

We at Giveupnot pay our heartly tributes to her and wish that “unki aatma ko sadgati prapt ho”, OM SHANTI.

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World

A man in New Zealand finds insects in his Domino’s pizza

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insects

A man in West Auckland, New Zealand says he was left feeling sick after allegedly discovering maggots (insects larva) on his takeaway pizza order from Domino’s.  However, the Domino’s Pizza outlet where Reginald Thalari says he bought the pizza denied the claim.

On Tuesday afternoon, Thalari purchased four pizzas from Domino’s Pizza outlet in Avondale for his employees. But it was after they had eaten a few slices that Thalari alleges they made a stomach-churning discovery.

“It was disgusting. We ordered four pizzas but when we opened the box with pepperoni we saw maggots on the ham.  I felt like spewing, to be honest. If someone says would you like some pizza I think I’ll turn them down next time.”

However, a Domino’s spokesperson said that it is extremely unlikely maggots would have been in store pre-purchase and said it would be “impossible” for eggs to survive the temperature of their ovens.

“Domino’s takes food health and safety extremely seriously, and ensures these standards are upheld through regular audits and inspections of stores throughout the year,” the spokesperson said.

The Domino’s Pizza spokeswoman further said that “Upon learning of this customer’s experience, we contacted the customer directly and have organised a deep clean of the store, as well as for our pest control company to further inspect,”

Input: NZHerald

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Singer Shobhit Sahay won hearts with his song ‘Mehrbaan Alvida’

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Shobhit Sahay

Music can evoke many emotions in you. Songs help you express feelings for which you can’t find words. Singers play a key role in giving that effect to a song with their beautiful voices. In a country like India, many young singers are leaving people impressed with their impeccable talent. Shobhit Sahay from Muzaffarpur is one such talented singer/vocalist who is here to rule hearts.

Currently, Shobhit Sahay is grabbing headlines and making people fall in love with his song ‘Mehrbaan Alvida’. His melodious voice has elevated the song’s mood along with the catchy music. The song is trending on the internet and has crossed more than 100K views recently. Shobhit is over the moon with such a positive response to his latest release.

Along with being a good singer, Shobhit Sahay is also popular among the netizens as a social media influencer. Shobhit has thousands of followers on his Instagram account, where he shares videos covering various tracks. A few months ago, legendary singer Stebin Ben praised Shobhit for his amazing vocal skills. Shobhit also runs a YouTube channel where people can’t get enough of his talent and music skills.

Shobhit Sahay with Stebin Ben

Shobhit Sahay with Stebin Ben

Shobhit shares about his journey and love for music, “I have been into music since childhood. I used to listen to singers like Arijit Singh, Stebin Ben, Jubin Nautiyal and others. They captivate your mind with their soulful voice. They made me believe in my dreams and I am happy that people enjoy my work, especially my latest songs. I hope I keep making more original songs and people keep showering me with such good love.”

Thanks to the success of Mehrbaan Alvida, singer Shobhit Sahay has got the attention of many top Bollywood composers. Currently, various music composers have approached his to sing either for a movie or web show. Shobhit is excited about the way his singing career is shaping. Soon, he will announce his new project on social media.

About the enormous love and appreciation she receives on social media, the singer expresses, “I am incredibly amazed by the support and fondness of my Instagram followers. Their constant comments, appreciation, likes, and sharing of my content is what made me so strong in the world of social media. Deeply overwhelmed with the response. I hope I keep giving my best and make my followers and music lovers happy.”

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