GST Current Affairs - 2019

Category Wise PDF Compilations available at This Link

Panel to revive GST Collections

The GST collection in September 2019, dropped sharply to a 19-month low. This reflects the widening slowdown of the economy. The tax collections were Rs 91,916 crore in September. This was 2.67% less as compared to September 2018.

GST Collection

The Gross GST collection in September 2019 comprises of Rs 16,630 crore collection of CGST – Central GST, Rs. 45,069 of IGST – Integrated GST and Rs 22,598 crore of SGST – State GST.

The GST that was amalgamated from July 1, 217, includes different central and state tax, service tax, VAT, excise duty and decline in collection indicate a downturn. Hence, GST Council has set up a panel to suggest measures that will revive GST collection.

Panel

On October 10, 2019, the GST Council set up a 12-member panel. The panel will not propose tax rate increases or decreases. Rather, it will find ways to widen tax base, prevent evasion, improve voluntary compliance. The main objective of the panel is to augment the revenue other than tax rate increase.

The GST Council has already resisted pressure from industries and automobiles for rate cuts and raised rates on caffeinated drinks that were imposed in September, 2019.

The Government will also face pressure on central government’s fiscal position for reducing corporate tax rate for businesses announced in September 2019.

SARAS Aajeevika Mela launched

SARAS Aajeevika Mela is an initiative under Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY – NRLM). The objective of the initiative is to bring the rural women SHGs – Self Help Groups under one platform. This is to help them show – case their skills, sell their products and build linkages with buyers. Through the initiative the women will get exposure to understand the demand of urban customers.

About the Mela

The Mela is being organized by the CAPART – Council for Advancement of People’s action and rural Technology, the marketing arm of the ministry of rural development.

The Mela is to be organized in the lawns of India Gate between 10th October 2019 and 23rd October 2019. Over 200 stalls are to be set up. More than 500 SHG women from all over the country are expected to participate.

During the Mela the ministry has also planned to conduct workshops to sharpen the skills of the participating women in GST, marketing, e – marketing, product design, book keeping, etc.

Highlights of the Mela

  • Kalamkari sarees of Andhra Pradesh – Kalamkari is the ancient style of painting done on cotton or silk fabric. They are hand painted. Only natural dyes are used in the process. It involves 23 steps.
    • Apart from these, there are also Kosa sarees from Chattisgarh, IIkal saress from Karnataka,Tasar silk from Jharkhand, etc.
  • Madhubani painting from Bihar – It is an art that has eye – catching geometrical patterns. It includes ritual content like Kali Puja, surya shasti, upanayana, holi and durga pooja.
    • It also includes Sikki crafts and lac bangles from Bihar, terracotta from Haryana, Dokra craft, Sabai grass products
  • Natural food Products