Tag: Revenue

The Department of Expenditure, Ministry of Finance has released 5th  monthly installment of Post Devolution Revenue Deficit (PDRD) Grant of Rs. 9,871 crore to the States on 9th August, 2021.  With the release of this installment, a total amount of Rs. 49,355 crore has been released to eligible States as Post Devolution Revenue Deficit Grant (PDRD) in the current financial year. State-wise details of the grant released this month and total amount of PDRD Grant released to the States in 2021-22 is annexed. The Post Devolution Revenue Deficit Grant is provided to the States under Article 275 of the Constitution. ... Read more

The gross GST revenue collected in the month of July 2021 is ₹ 1,16,393 crore of which CGST is ₹ 22,197 crore, SGST is ₹ 28,541 crore, IGST is ₹ 57,864 crore (including ₹ 27,900 crore collected on import of goods) and Cess is ₹ 7,790 crore (including ₹ 815 crore collected on import of goods).The above figure includes GST collection received from GSTR-3B returns filed between 1st July 2021 to 31st July2021 as well as IGST and cess collected from imports for the same period. The GST collection for the returns filed between 1st July to 5th July2021 of ... Read more

Inland Revenue Department waives surcharges for payment of tax by instalments for businesses and individuals in need ******************************************************************************************      The Inland Revenue Department (IRD) has started issuing the tax demand notes for the year of assessment 2020/21. Taxpayers who encounter financial difficulties in settling their tax bills on time may apply for payment of tax by instalments before the due dates of the demand notes. For taxpayers who have obtained the IRD’s approval for instalment settlement of the demand notes for Salaries Tax, Profits Tax and Personal Assessment for the year of assessment 2020/21 issued between May 2021 and May ... Read more

Man Wah Holdings Limited (“Man Wah” or the “Group”, stock code: 1999) today announced its audited annual results for the year ended 31 March 2021 (“FY2021” or the “Review Year”). During the Review Year, Man Wah actively promoted the development of its domestic business, enabling the Group to overcome effectively the adverse external impact on its business. The Group’s market share in China’s recliner sofa market has expanded to 59%, an achievement which has made it the world’s top seller of recliner sofas for three consecutive years. In FY2021, the Group’s sales revenue (excluding those from real estate, malls and ... Read more

China Shineway Pharmaceutical Group Limited (2877.HK) recently released its unaudited turnover for the three months ended 31 March 2021 (Q1 2021) based on its management accounts. Revenue for Q1 2021 went up 37.0% YoY, which implies a growth of 20.4% over the pre-COVID 19 levels, as compared with the same period of 2019. The Group’s main product types all achieved significant growth. Sales of injection products went up by 34.2%; soft capsule products recorded growth of 6.6%; granule products showcased the strongest turnover growth of 62.2%; turnover of TCM formula granule products increased by 50.5%. For products in other forms, ... Read more