https://www.taxtmi.com/news?id=24726 Gross GST receipts for FY 2021-22 show an upward trend through October compared with FY 2020-21, and Gross and Net Direct Tax collections report significant growth to the reporting date. The GST Compensation Fund under the GST (Compensation to States) Act, 2017 (Section 8 and Section 10) is non-lapsable and funds five years of state compensation; pandemic-induced shortfalls led the Centre to release partial compensation and extend back-to-back loans sourced from open-market borrowings, with pending balances noted in annexures. en-us Mon, 29 Nov 2021 18:19:17 +0530 Mon, 29 Nov 2021 18:19:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=24726 Gross GST receipts for FY 2021-22 show an upward trend through October compared with FY 2020-21, and Gross and Net Direct Tax collections report significant growth to the reporting date. The GST Compensation Fund under the GST (Compensation to States) Act, 2017 (Section 8 and Section 10) is non-lapsable and funds five years of state compensation; pandemic-induced shortfalls led the Centre to release partial compensation and extend back-to-back loans sourced from open-market borrowings, with pending balances noted in annexures. News - Mon, 29 Nov 2021 18:19:17 +0530 https://www.taxtmi.com/news?id=24726