GST system is profoundly flawed, can be corrected without new legislations: TN Minister
1 week, 3 days ago

GST system is profoundly flawed, can be corrected without new legislations: TN Minister

Live Mint  

Chennai, Jan 4 Tamil Nadu Minister P T Palanivel Thiaga Rajan on Saturday said the existing system to measure the Goods and Services tax is 'profoundly flawed' and can be corrected by 20 different steps without needing any new legislations. If GDP keeps going up every year, the total volume of transactions goes up every year, so the GST collections grow every year. The system is profoundly flawed and can easily be corrected by 20 different steps without needing any new legislations or constitutional amendments." In December 2024, the gross GST collections rose 7.3 per cent year-on-year to ₹1.77 lakh crore, despite significant increase in both domestic and export refunds.

Gst New Legislations  used  gst  relative  corrected  minister  services  tn  flawed  ratio  system  collections  steps  profoundly  say  gdp  legislations

History of this topic

Gabbar Sitharaman Tax: Congress’ fresh jab at FM, says new circulars are issued 90 months after GST rollout
5 days, 19 hours ago

Gabbar Sitharaman Tax: Congress’ fresh jab at FM, says new circulars are issued 90 months after GST rollout

Live Mint  

Congress leader Pawan Khera on Thursday took a swipe at Union Finance Minister Nirmala Sitharaman over Goods and Service Tax and said that even 90 months after the implementation of GST, new circulars are being issued. Speaking to ANI in Rajasthan, Khera referred to GST as Gabbar Sitharaman Tax, and said it has affected everyone. The tax that should have …

GST collection 2024: Congress alleges slowdown in GST collections; asks government to focus on complexities of economy
1 week, 4 days ago

GST collection 2024: Congress alleges slowdown in GST collections; asks government to focus on complexities of economy

The Hindu  

The Congress on Friday claimed that the last quarter of the current fiscal year witnessed the “second-slowest pace” of collection of Goods and Services Tax in the past three years and urged the government to focus on the complexities of the economy instead of imposing tax on popcorn. Net GST growth slumps to 3.3% in December, as revenues slow and …

Net GST growth slumps to 3.3% in December, as revenues slow and refunds rise 45%
1 week, 6 days ago

Net GST growth slumps to 3.3% in December, as revenues slow and refunds rise 45%

The Hindu  

India’s gross Goods and Services Tax receipts increased at the second-slowest pace in 43 months in December, while growth in net GST collections, after adjusting for refunds, slumped to 3.3%, the weakest in financial year 2024-25. Editorial: ​Selective indecision | on the GST Council’s 55th meeting, decisions December’s gross GST inflows, for transactions undertaken in November, were a tad under …

GST collections rise 7.3 pc to Rs 1.77 lakh cr in December
Top News
1 week, 6 days ago

GST collections rise 7.3 pc to Rs 1.77 lakh cr in December

Deccan Chronicle  

New Delhi: Goods and Services Tax collections rose by 7.3% to ₹1.77 lakh crore in December, maintaining figures above the ₹1.7 lakh crore mark for the tenth consecutive month. While higher than the ₹1.65 lakh crore collected in December 2023, it fell short of the record ₹2.1 lakh crore achieved in April 2024, according to government data released on Wednesday. …

How much GST did Indians pay in December 2024? Govt data says...
1 week, 6 days ago

How much GST did Indians pay in December 2024? Govt data says...

Firstpost  

The Central GST collection accounted for Rs 32,836 crore, State GST for Rs 40,499 crore, Integrated GST for Rs 47,783 crore, and Cess for Rs 11,471 crore. The year-to-date GST collections now stand at Rs 16,33,569 crore India’s gross Goods and Services Tax revenue climbed 7.3 per cent year-on-year to Rs 1.77 lakh crore in December, according to government data …

Centre, states collect gross GST revenue of ₹1.76 trillion in December
Trending News
1 week, 6 days ago

Centre, states collect gross GST revenue of ₹1.76 trillion in December

Live Mint  

The Union and state governments collected gross Goods and Services Tax revenue of ₹1.76 trillion in December, the lowest in in three months, but showing an improvement of 7.3% from a year ago, official data showed. After adjusting for tax refunds, GST revenue collection stood at ₹1.54 trillion, showing annual growth of 3.3%. After refunds, GST revenue receipts in the …

Arunachal committed to support GST reforms for economic growth: Deputy CM
3 weeks, 3 days ago

Arunachal committed to support GST reforms for economic growth: Deputy CM

The Hindu  

Arunachal Pradesh Deputy Chief Minister Chowna Mein stated that the government is committed to support GST reforms for fostering economic growth and ease of compliance for all stakeholders in the State. Speaking at the 55th GST Council meeting at Jaisalmer in Rajasthan on Saturday, Mr. Mein, who also holds the Finance portfolio, said that the state government remained dedicated to …

GST rate changes: Consult the public
1 month, 1 week ago

GST rate changes: Consult the public

New Indian Express  

The “recommendations” symbolise a misalignment, the fault lines in the understanding of the state of the economy. While the GST Council has ceased publishing data on collections, news reports show that November saw gross GST collections, at Rs 1.82 lakh crore, growing at 8.5 percent. It is a moot point if the process of GST Council GoMs allows for representations, …

GST rate hike claims are ‘premature, speculative’
1 month, 1 week ago

GST rate hike claims are ‘premature, speculative’

The Hindu  

The Central Board of Indirect Taxes and Customs on Tuesday dismissed reports indicating significant indirect tax rate changes and hikes on the Goods and Services Tax rates of various goods and services, as “premature and speculative”, and stressed that a ministerial group tasked with rationalising the multiple GST rates is yet to finalise its recommendations. While the GST Council, which …

Top News on Dec 1: GST collection rises, Andhra dissolves Waqf board, Kejriwal rules out alliance in Delhi polls, more
1 month, 1 week ago

Top News on Dec 1: GST collection rises, Andhra dissolves Waqf board, Kejriwal rules out alliance in Delhi polls, more

Live Mint  

From increase in GST collection to Andhra govt dissolving Waqf board to killing of 7 Maoists to Donald Trump picking loyalist Kash Patel as his new FBI director, here are today's top stories. GST collection for November rises by 8.5% to ₹ 1.82 lakh crore The goods and service tax collection for the month of November rose 8.5 per cent …

GST mopup surges 8.5 per cent to 1.82 lakh crore in November
1 month, 1 week ago

GST mopup surges 8.5 per cent to 1.82 lakh crore in November

Deccan Chronicle  

New Delhi: India's gross goods and service tax or GST mopup surged by 8.5 per cent to over Rs 1.82 lakh crore in November on year-on-year basis as compared to Rs 1.68 lakh crore in the same month last year. As per the data released by the finance ministry, the total gross GST revenue grew 8.5 per cent to over …

GST collection for November rises by 8.5% to ₹1.82 trillion
1 month, 1 week ago

GST collection for November rises by 8.5% to ₹1.82 trillion

Live Mint  

New Delhi: Driven by festive demand, the Goods and Services Tax collections for the Union and state governments climbed to ₹1.82 trillion in November, marking an 8.5% year-on-year growth, according to official data released on Sunday. The import GST revenue growth of 6% also backs foreign trade data which indicates slower growth of non-petroleum imports," said MS Mani, partner at …

GST collection reports 8.5 per cent growth to Rs 1.82 lakh cr in November
Trending News
1 month, 2 weeks ago

GST collection reports 8.5 per cent growth to Rs 1.82 lakh cr in November

India TV News  

The gross Goods and Services Tax collections rose 8.5 per cent to over Rs 1.82 lakh crore in November on higher revenues from domestic transactions. The statement released by the government said the total gross Goods and Services Tax revenue grew 8.5 per cent to over Rs 1.82 lakh crore in November as compared to Rs 1.68 lakh crore in …

GST Revenue Trends: A Rollercoaster Ride of Ups and Downs
2 months, 1 week ago

GST Revenue Trends: A Rollercoaster Ride of Ups and Downs

The Hindu  

GST revenue trends have been volatile this year, with growth in gross and net receipts exceeding that of the previous year's highest points, but falling short of the previous year's overall growth. While the year started with a strong surge in April, subsequent months have shown a decline in growth. The latest GST receipts indicate a positive trend, but it …

GST collections hit a 40-month low in September 2024
3 months, 1 week ago

GST collections hit a 40-month low in September 2024

The Hindu  

Growth in India’s Gross Goods and Services Tax collections slumped to a 40-month low of 6.5% in September, with revenues at ₹1,73,240 crore, about 1% lower than the tally in August. Gross domestic revenues were up 5.9% in September, with the uptick moderating 4.5% higher after adjusting for refunds, provisional numbers from the Central Board of Indirect Taxes and Customs …

GST collections surge by 10.3 per cent in July, cross Rs 1.82 lakh crore mark
5 months, 2 weeks ago

GST collections surge by 10.3 per cent in July, cross Rs 1.82 lakh crore mark

India TV News  

Goods and Services Tax collections for July reached Rs 1,82,075 crore, marking a 10.3% year-on-year increase. 2024 year-to-date: Total GST collections have been Rs 7.38 lakh crore, up 10.2% from Rs 6.70 lakh crore in the same period of 2023. 2023–24 Fiscal year: Gross GST collections totalled Rs 20.18 lakh crore, an 11.7% increase from the previous fiscal year. The …

53rd GST Council Meet Tomorrow: What's The Key Expectations?
6 months, 3 weeks ago

53rd GST Council Meet Tomorrow: What's The Key Expectations?

Live Law  

About Eight and a half months after its previous meeting, the Center has decided to call a meeting of the Goods and Services Tax Council on June 22, 2024.Although the meeting's agenda is yet unknown, state finance ministers should bring forth ideas for an indirect tax system that might be included in the Union Budget, which is anticipated to be …

Move ahead: On GST and reform
6 months, 3 weeks ago

Move ahead: On GST and reform

The Hindu  

Revenues from the Goods and Services Tax, which completes seven years at the end of this month, hit a record high of ₹2.1 lakh crore in April that typically sees higher inflows due to a year-end compliance rush. Although gross revenues from domestic transactions grew 15.3%, accelerating from a 13.4% rise a month earlier, revenues from goods imports dipped for …

GST collection rises 10% to ₹1.73 lakh crore in May
7 months, 1 week ago

GST collection rises 10% to ₹1.73 lakh crore in May

The Hindu  

The country's gross GST collections rose to ₹1.73 lakh crore in May, growing 10% year on year driven by increased revenues from domestic transactions, the finance ministry said on Saturday. After accounting for refunds, the net GST revenue for May 2024 stood at ₹1.44 lakh crore, reflecting a growth of 6.9% compared to the same period last year. The gross …

GST collection records 10 per cent year-on-year growth to Rs 1.73 lakh crore in May
7 months, 2 weeks ago

GST collection records 10 per cent year-on-year growth to Rs 1.73 lakh crore in May

India TV News  

In a latest development, India’s gross GST collections rose to Rs 1.73 lakh crore in May, registering a 10 per cent year-on-year growth driven by augmented revenues from domestic transactions, the finance ministry stated on Saturday. The 10 per cent year-on-year growth in May collection is driven by a strong increase in revenues from domestic transactions amid slowing of imports, …

Broaden GST net, cut cesses to reduce tax burden
8 months, 1 week ago

Broaden GST net, cut cesses to reduce tax burden

New Indian Express  

Goods and services tax collection crossed the landmark of Rs 2.1 lakh crore for the first time in April. Truth be told, April has always seen higher collections, thanks in part to year-end adjustments in tax assessments. But what sets apart the latest haul is that a part of the 12.4 percent increase over last year was led by a …

Next government must urgently fix ‘unnecessarily complex’, counter-productive GST: 13th Finance Commission chair
9 months, 1 week ago

Next government must urgently fix ‘unnecessarily complex’, counter-productive GST: 13th Finance Commission chair

The Hindu  

A key architect of India’s tax reforms and the chairman of the Thirteenth Finance Commission Vijay Kelkar has called upon the country’s next government to undertake urgent reforms in the “unnecessarily complex” Goods and Services Tax regime, such as switching to a single tax rate of 12% and sharing revenues with local governments and municipal corporations. Stating that a single …

A reform window: On the GST trajectory
9 months, 1 week ago

A reform window: On the GST trajectory

The Hindu  

The financial year 2023-24 appears to have ended on a high on the revenue front. Net direct tax collections rose 19.9% by mid-March to hit 97% of revised Budget targets, while the Goods and Services Tax has yielded a robust ₹20.18 lakh crore. Gross GST revenues in March, for transactions undertaken in February, crossed ₹1.78 lakh crore, the second highest …

GST collections up 12.54% in February 2024
10 months, 1 week ago

GST collections up 12.54% in February 2024

The Hindu  

India’s gross revenues from the Goods and Services Tax grew at a three-month high pace of 12.54% in February to cross ₹1.68 lakh crore, marking the fourth-highest monthly collections from the tax. February’s GST revenue growth reflected the third highest uptick in 2023-24 and lifted the total collections so far this year to ₹18.4 lakh crore, 11.7% above the same …

BJP Government Did Not Rectify Injustice Meted out To Karnataka Alleges CM In His Budget
10 months, 4 weeks ago

BJP Government Did Not Rectify Injustice Meted out To Karnataka Alleges CM In His Budget

Deccan Chronicle  

Bengaluru: Chief Minister Siddaramaiah pointed out that Central Government led by Bharatiya Janata Party had meted out three injustices to States including Karnataka such as “unscientific” implementation of Goods and Services Tax, increase in Cesses and Surcharges and change in allocation of formula in tax devolution and grants-in-aid, adversely affected the financial strength of the State. Siddaramaiah accused the previous …

GST collections surge to second highest ever at 1.72 lakh crore in January
11 months, 2 weeks ago

GST collections surge to second highest ever at 1.72 lakh crore in January

India TV News  

Goods and Services Tax collections in January surged by 10.40 per cent to exceed Rs 1.72 lakh crore, reflecting buoyant economic activity and setting the stage for the next phase of GST reforms. This marks the second-highest monthly collection ever, with three months in the current fiscal year recording Rs 1.70 lakh crore or more in collections. The finance ministry …

January records 2nd highest monthly GST revenue at ₹1.72 L cr
11 months, 2 weeks ago

January records 2nd highest monthly GST revenue at ₹1.72 L cr

Hindustan Times  

Goods and Services Tax revenues surpassed ₹1.72 lakh crore in January, the second highest monthly collection and the third over the ₹1.70 lakh crore threshold, data released on Wednesday showed, with experts attributing the high number to the resilience of the Indian economy and better tax compliance. On average this financial year, the monthly GST collection has been above ₹ …

GST revenues rev up to second-highest ever in Jan.
11 months, 2 weeks ago

GST revenues rev up to second-highest ever in Jan.

The Hindu  

India’s Goods and Services Tax regime delivered its second-highest monthly revenues of ₹1,72,129 crore in January, as per data collected by Wednesday evening and shared by the Finance Ministry. In April 2023, GST collections had crossed a record ₹1.87 lakh crore aided by year-end compliances, while October had clocked a tad over ₹1.72 lakh crore which was the second-highest monthly …

Growth signals: On GST revenues
1 year ago

Growth signals: On GST revenues

The Hindu  

The Goods and Services Tax has yielded close to ₹1.65 lakh crore in gross revenues in the last month of 2023. The first nine months of 2023-24 have clocked a 12% rise in GST collections, with the monthly intake averaging ₹1.66 lakh crore, from ₹1.49 lakh crore in 2022-23. The Budget had factored in monthly GST revenues of around ₹1.59 …

Gross GST collection rises by 12% to Rs 14.97 lakh crore in during April-December 2023 period
1 year ago

Gross GST collection rises by 12% to Rs 14.97 lakh crore in during April-December 2023 period

India TV News  

Gross GST collection: The gross GST collection has jumped up by 12 per cent to Rs 14.97 lakh crore in the April-December 2023 period, the Finance Ministry informed on Monday. "During the April-December 2023 period, gross GST collection witnessed a robust 12 per cent y-o-y growth, reaching Rs 14.97 lakh crore, as against Rs 13.40 lakh crore collected in the …

Average monthly GST mop-up at ₹1.66 lakh crore so far this fiscal: Finance Minister Nirmala Sitharaman
1 year, 1 month ago

Average monthly GST mop-up at ₹1.66 lakh crore so far this fiscal: Finance Minister Nirmala Sitharaman

The Hindu  

The Goods and Services Tax collection has been showing an upward trend on an annual basis since its roll-out on July 1, 2017, and the average gross monthly mop-up in the current fiscal so far is ₹1.66 lakh crore, Finance Minister Nirmala Sitharaman said on December 4. The average gross monthly GST collection in FY 2023-24 now stands at ₹1.66 …

GST collection crosses Rs 1.6 lakh for 6th time in current fiscal
1 year, 1 month ago

GST collection crosses Rs 1.6 lakh for 6th time in current fiscal

Deccan Chronicle  

New Delhi: Crossing the Rs 1.6 lakh crore mark for the sixth time in the current financial year, the goods and services tax or GST revenue collections for November 2023 jumped 15 per cent to nearly Rs 1.68 lakh crore on an annual basis. As per the statement, the GST revenue collection for November 2023 at Rs 1,67,929 crore records …

GST collections hit ₹1.68 trillion in November
1 year, 1 month ago

GST collections hit ₹1.68 trillion in November

Live Mint  

Goods and Services Tax collections touched ₹1.68 trillion in November as festive demand lifted sales, but the figure was lower than October’s receipts of ₹1.72 trillion. A finance ministry statement said that November GST revenue receipts showed a 15% improvement from the year-ago period, the fastest pace of growth the indirect tax has registered since its inception in 2017. The …

GST revenue collection for October 2023 marks significant growth, surpassing Rs. 1.72 lakh crore
1 year, 2 months ago

GST revenue collection for October 2023 marks significant growth, surpassing Rs. 1.72 lakh crore

India TV News  

The Goods and Services Tax collection for the month of October 2023 has achieved a milestone, reaching an impressive ₹1.72 lakh crore. This substantial revenue collection stands as the second-highest ever recorded, following April 2023, and it exhibits a remarkable year-on-year growth of 13%, according to the Ministry of Finance. As the country continues to rebound from the economic challenges …

GST revenue growth slowed to 10.2% in September
1 year, 3 months ago

GST revenue growth slowed to 10.2% in September

The Hindu  

Growth in India’s gross Goods and Services Tax revenues slowed to a 27-month low of 10.2% in September, from around 10.8% in the previous two months. While the Finance Ministry did not specify the extent of decline in its statement, back-of-the-envelope calculations show that GST revenues from goods imports dropped 0.11% from last September. Slowest growth in 27 months The …

GST revenues register three-month high in July
1 year, 5 months ago

GST revenues register three-month high in July

The Hindu  

India’s gross revenues from the Goods and Services Tax hit a three-month high to cross ₹1.65 lakh crore in July. Revenues from domestic transactions and services imports grew 15% in July, which marked the fifth occasion that GST revenues have crossed the ₹1.6-lakh-crore mark during a month. Overall GST Compensation Cess levies, which will continue till at least March 2026 …

Centre, states collect ₹1.65 trillion in GST revenue in July
1 year, 5 months ago

Centre, states collect ₹1.65 trillion in GST revenue in July

Live Mint  

New Delhi: Central and state governments collected ₹1.65 trillion in Goods and Services Tax revenue in July, an improvement of 11% from the year-ago period, official data showed on Tuesday. After settlement for inter-state sales, the Centre collected ₹69,558 crore and states collected ₹70,811 crore as their respective shares of GST revenue in July, the finance ministry statement said. While …

GST collection, devolution a success story in Northeast: Finance Minister Nirmala Sitharaman
1 year, 5 months ago

GST collection, devolution a success story in Northeast: Finance Minister Nirmala Sitharaman

The Hindu  

The northeastern States have scripted a success story in the collection and devolution of the Goods and Services Tax, Union Minister for Finance and Corporate Affairs Nirmala Sitharaman said, in Guwahati, on July 21. “According to the 2023 RBI report on State finances, the eight northeast States have registered a compounded annual GST hike of 27.5%,” she said. “Assam was …

India's Gross GST Revenue Collection Up 12% in June
1 year, 6 months ago

India's Gross GST Revenue Collection Up 12% in June

Deccan Chronicle  

NEW DELHI: With India’s goods and services tax or GST having completed six years on Saturday, the ministry of finance said that India's gross GST revenue collection in June stood at over Rs 1.61 lakh crore, registering a 12 per cent growth year-on-year basis. However, the gross GST collection crossed Rs 1.6 lakh crore mark for fourth time since inception …

GST has been a gamechanger for India’s economy
1 year, 6 months ago

GST has been a gamechanger for India’s economy

Live Mint  

Ahead of the launch of the goods and services tax on 1 July 2017, this newspaper on 6 June 2017 had published my piece titled ‘Indian GST: Unparalleled Tax Reform’ in which I had highlighted the unique features of India's GST regime such as the Dual GST structure; Integrated GST mechanism; invoice matching; single digital interface and the establishment of …

At ₹1.87 lakh crore, GST continues to impress
1 year, 8 months ago

At ₹1.87 lakh crore, GST continues to impress

Hindustan Times  

April’s monthly collections for Goods and Services Tax – they track tax collections for the month of March – have come at an all-time high of ₹1.87 lakh crore. While part of the increase is just seasonality – March generally sees a higher tax collection because it is the last month in the fiscal year – it cannot be denied …

GST revenue collection for April 2023 reaches an all-time high at Rs 1.87 lakh crore
1 year, 8 months ago

GST revenue collection for April 2023 reaches an all-time high at Rs 1.87 lakh crore

Op India  

In a vindication of the efforts taken by the Modi-led government to revive the Indian economy following the Covid-19 pandemic, the Ministry of Finance released the GST collection report on Monday and stated that the revenue collection for April 2023 was the highest ever at Rs 1.87 lakh crore. “Gross GST collection in April 2023 is all time high, Rs …

Year-end compliances lift GST revenues to record ₹1.87 lakh crore in April
1 year, 8 months ago

Year-end compliances lift GST revenues to record ₹1.87 lakh crore in April

The Hindu  

India’s gross GST revenues hit a record high in April at ₹1,87,035 crore, 12% higher than the same month last year which had clocked the previous highest tax tally of ₹1.67 lakh crore. GST Compensation Cess collections also hit a fresh record of ₹12,025 crore in April, which included about ₹900 crore collected from imports of goods. Central GST collections …

High GST collection reveals robustness of Indian economy
1 year, 9 months ago

High GST collection reveals robustness of Indian economy

Hindustan Times  

The government on Friday released Goods and Services tax collection data for the month of March, which has two important messages – the new indirect tax regime that was launched on July 1, 2017, has now undoubtedly matured; and the sustained buoyancy on the tax on consumption for 12 consecutive months despite global headwinds underscores the resilience of the Indian …

GST mop-up rises 13 pc to Rs 1.60 lakh cr in March, second highest collection ever
1 year, 9 months ago

GST mop-up rises 13 pc to Rs 1.60 lakh cr in March, second highest collection ever

Deccan Chronicle  

New Delhi: GST collection grew 13 per cent in March to Rs 1.60 lakh crore Â- the second highest mop-up since the rollout of the indirect tax regime. The total gross collection for full 2022-23 fiscal stands at Rs 18.10 lakh crore, 22 per cent higher than the previous year. It is for the fourth time in the just gone …

March 2023 sees second highest GST collection of ₹1.6 lakh crore
1 year, 9 months ago

March 2023 sees second highest GST collection of ₹1.6 lakh crore

The Hindu  

India’s Goods and Services Tax revenues grew 13% in March, to record the second highest monthly collections of ₹1.6 lakh crore from the indirect tax, with receipts from goods imports rising 8% and inflows from domestic transactions and services imports rising 14% from a year ago. Gross GST collections for 2022-23 are 22% higher than in 2021-22 at ₹18.1 lakh …

Tax transitions: The Hindu Editorial on GST revenue trends
1 year, 10 months ago

Tax transitions: The Hindu Editorial on GST revenue trends

The Hindu  

The nearly ₹1.5 lakh crore of gross Goods and Services Tax collections in February are notable from several aspects. First, they mark the 12th successive month that GST revenues have stayed over ₹1.4 lakh crore, and the fourth highest single month kitty since the launch of the GST regime. The average monthly GST collections in the first 11 months of …

Steady GST hum
1 year, 10 months ago

Steady GST hum

Live Mint  

Goods and services tax revenue figures for February released by the government on Wednesday show that collections climbed 12% from a year earlier to almost ₹1.5 trillion. February’s collections mark 12 months in a row of GST revenue exceeding ₹1.4 trillion. As the economy’s formalization rises and government efforts to draw small businesses into the tax net bear fruit, GST …

GST revenues grew 12.7% in January
1 year, 10 months ago

GST revenues grew 12.7% in January

The Hindu  

India’s Goods and Services Tax revenues grew 12.7% in January 2023 to hit almost ₹1.59 lakh crore, the second highest monthly collections on record, as per revised figures from the Finance Ministry. Earlier estimates of GST revenues for January had pegged collections at about ₹1.56 lakh crore till the evening of January 31 — 10.6% higher than GST receipts in …

Discover Related