18 Sept 2021

Finance Minister Nirmala Sitharaman Economy Right On Track

According to the latest reports coming in from the GST council meeting which is going on in the national capital of the country New Delhi and is chaired by Finance Minister Nirmala Sitharaman.

In the forthcoming GST Council meeting, the government may take up the extension of the National Anti-Profiteering Authority’s term, according to news reports. 

The term is set to expire in November. Reports say the government may not renew the NAA’s term and instead forward cases to the Competition Commission of India. 

The NAA’s original two year term that began in 2017 was extended by two more years.

Goods and Service Tax collection for the month of August 2021 came in at Rs 1.12 lakh crore, compared with Rs 1.16 lakh crore in July, data released by the Finance Ministry show on September 1.

This is the second consecutive month that GST collections are above the Rs 1 lakh crore mark, indicating that economic recovery post the second wave of the Covid-19 is well underway.

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