https://www.taxtmi.com/article/detailed?id=9624 The article links recent GDP contraction and a partial V shaped recovery to trends in GST receipts, noting December 2020 as the highest monthly collection since GST's introduction. It attributes rising GST revenue to sectoral recovery, increased movement of goods (e way bills), mandatory e invoicing with a lowered turnover threshold, tightened input tax credit rules, QRMP rollout, and intensified compliance through data analytics and coordinated enforcement actions. It also records central interim payments to states for compensation cess shortfalls and calls for rate rationalization, exemption pruning, and tax base broadening. en-us Wed, 13 Jan 2021 11:36:10 +0530 Wed, 13 Jan 2021 11:36:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9624 The article links recent GDP contraction and a partial V shaped recovery to trends in GST receipts, noting December 2020 as the highest monthly collection since GST's introduction. It attributes rising GST revenue to sectoral recovery, increased movement of goods (e way bills), mandatory e invoicing with a lowered turnover threshold, tightened input tax credit rules, QRMP rollout, and intensified compliance through data analytics and coordinated enforcement actions. It also records central interim payments to states for compensation cess shortfalls and calls for rate rationalization, exemption pruning, and tax base broadening. Articles Goods and Services Tax - GST Wed, 13 Jan 2021 11:36:10 +0530 https://www.taxtmi.com/article/detailed?id=9624