GST compensation sunset: Punjab, Goa, Chhattisgarh may face most revenue stress
2 years, 5 months ago

GST compensation sunset: Punjab, Goa, Chhattisgarh may face most revenue stress

The Hindu  

With the sunset of the five-year assured compensation for States under the Goods and Services Tax regime from this month, Punjab, Goa and Chhattisgarh are likely to face the most revenue stress, as per a new working paper by the National Institute of Public Finance and Policy. The paper, titled ‘Revenue Assessment of GST in India’ by NIPFP associate professor Sacchidananda Mukherjee, notes that revenue collections from the GST regime have fallen short of expectations for both the Centre and the States, but the former made up for this by raising non-shareable taxes and levying cesses on commodities such as petroleum products. “…In absence of revenue compensation, States may face revenue shock and it will impact State finances differently for different States. States where dependence on GST compensation as well as the share of SGST in own tax revenue are higher, they may face relatively higher revenue stress than other States,” the paper pointed out. “This shows that in a federal setup, taxation power to levy taxes helps the federal government to cope up with the revenue shortfall associated with big tax reform like GST.

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History of this topic

U.P.’s GST revenue grows 15%, surpassing national average
1 week, 1 day ago

U.P.’s GST revenue grows 15%, surpassing national average

Hindustan Times  

Uttar Pradesh has recorded impressive consumer spending trends, with a 15% growth in Goods and Services Tax revenue until November, surpassing the national average of 13%. U.P.’s GST revenue for the period reached ₹56,687 crore, up from ₹49,282 crore during the same period last year. are spending at levels comparable to, or in some cases higher than, residents of more …

Cheema advocates for continuation of GST compensation regime
3 weeks, 1 day ago

Cheema advocates for continuation of GST compensation regime

Hindustan Times  

In a strong push for the continuation of the goods and services tax compensation regime, Punjab finance minister Harpal Singh Cheema on Monday strongly recommended the continuation of the GST compensation cess regime beyond March 31, 2026, to ensure that states can mitigate the revenue loss caused by the subsumation of various taxes into the indirect tax. TPunjab finance minister …

GST mop-up fourth highest ever but red flags in laggard states
3 weeks, 2 days ago

GST mop-up fourth highest ever but red flags in laggard states

Hindustan Times  

The Goods and Services Tax revenue in November grossed over ₹1.82 lakh crore, the fourth highest monthly collection ever that also crossed the ₹1.80 lakh crore mark for the fifth time in 88 months since July 2017, despite major states such as Andhra Pradesh, Rajasthan and Chhattisgarh showing a dip in growth. The goods and services tax revenue in November …

Top News on Dec 1: GST collection rises, Andhra dissolves Waqf board, Kejriwal rules out alliance in Delhi polls, more
3 weeks, 2 days 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
3 weeks, 2 days 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 …

Petroleum ministry recommends GST on natural gas
3 weeks, 5 days ago

Petroleum ministry recommends GST on natural gas

Live Mint  

The petroleum and natural gas ministry has recommended the inclusion of natural gas in the goods and services tax framework to the finance ministry, an official aware of the development said on Thursday. The petroleum ministry favours including natural gas in GST as it will make the taxation of the product more efficient, benefitting user industries like fertilizers and steel. …

Ludhiana: Industrialists seek release of GST refunds
1 month ago

Ludhiana: Industrialists seek release of GST refunds

Hindustan Times  

Industrial bodies in Punjab have collectively urged the state government to expedite the process to release the pending GST refunds, citing significant financial strain caused by delayed disbursements. A meeting was held under the chairmanship of Gurmeet Singh Kular, president of the Federation of Industrial and Commercial Organization, along with Harsimerjit Singh Lucky, president of the United Cycle and Parts …

GST Revenue Trends: A Rollercoaster Ride of Ups and Downs
1 month, 3 weeks 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 …

Petrol And Diesel In The GST Conundrum: Unravelling The Test Of Cooperative Federalism
3 months, 2 weeks ago

Petrol And Diesel In The GST Conundrum: Unravelling The Test Of Cooperative Federalism

Live Law  

The inclusion of petrol and diesel under the GST ambit has sparked a significant debate, primarily revolving around the principles of cooperative federalism. Current Taxation Regime on Petrol & Diesel With the introduction of GST in 2017, subsuming an array of Central and state-level Indirect taxes on all goods and services, only two categories of goods were carved out to …

GST relief may hit state finances
5 months ago

GST relief may hit state finances

Deccan Chronicle  

Hyderabad: The GST Council’s decision to provide relief to taxpayers in Telangana could have serious consequences for state finances. The most hard-hitting decision taken at the 53rd meeting of the Council was the relief extended to taxpayers for the financial years 2017-18 to 2019-20 waving interest and penalty on tax demands under Section 73. This step will benefit tax payers …

Lessons from India’s midnight tryst with fiscal destiny
5 months, 1 week ago

Lessons from India’s midnight tryst with fiscal destiny

New Indian Express  

At this point, Chidambaram passed a handwritten note to me and other finance ministry secretaries. This involved setting up the required technology systems, building a GST model that is revenue-neutral to the states, and achieving a grand bargain between states and the Centre to integrate divergent tax systems. It was known that the technology systems were not yet fully ready, …

Move ahead: On GST and reform
6 months 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
6 months, 3 weeks 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 has helped people with a pro-poor approach, says Nirmala Sitharaman
7 months, 2 weeks ago

GST has helped people with a pro-poor approach, says Nirmala Sitharaman

The Hindu  

The Goods and Services Tax regime has benefitted people through a pro-poor approach, Union Finance Minister Nirmala Sitharaman asserted on May 6, while underlining that the recent landmark of GST collections crossing ₹2 lakh crore was driven by heightened economic activity. Noting that the idea of GST was first mooted under the Atal Behari Vajpayee-led NDA government, Ms. Sitharaman said …

A reform window: On the GST trajectory
8 months, 3 weeks 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 …

Maharashtra, Karnataka, UP lead in GST cess collections
9 months, 1 week ago

Maharashtra, Karnataka, UP lead in GST cess collections

Live Mint  

New Delhi: Maharashtra, Karnataka, Uttar Pradesh, Odisha and Tamil Nadu are leading in collecting Goods and Services Tax cess levied mainly on sale of cars, helping the Centre pay off the market loans taken to give liquidity to states during the pandemic, showed data available from the GST Council for this fiscal up to January 2024. Largest state economy Maharashtra …

GST collections up 12.54% in February 2024
9 months, 3 weeks 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, 1 week 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 …

January records 2nd highest monthly GST revenue at ₹1.72 L cr
10 months, 3 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.
10 months, 3 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 …

GST revenues reveal a dissonance in consumption growth across States
11 months, 2 weeks ago

GST revenues reveal a dissonance in consumption growth across States

The Hindu  

Amid worries about weak consumer spending trends, Goods and Services Tax revenues for the first nine months of 2023-24 reveal a dissonance in consumption growth across States, with Gujarat, West Bengal and Andhra Pradesh among a dozen-odd States that are seeing weaker growth. Among the 20 largest States that account for nearly 97% of State GST collections, two large States, …

Growth signals: On GST revenues
11 months, 3 weeks 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 …

GST revenue growth dips to a 3-month low in December
11 months, 3 weeks ago

GST revenue growth dips to a 3-month low in December

The Hindu  

India’s Goods and Services Tax revenues crossed ₹1,64,800 crore in December 2023, with year-on-year growth slowing to a three-month low of 10.3% from a 15.1% rise in the previous month. December’s GST kitty, for transactions undertaken in November 2023, is about 1.8% lower than the nearly ₹1.68 lakh crore collected a month earlier, which marked the third highest monthly receipts …

Gross GST collection rises by 12% to Rs 14.97 lakh crore in during April-December 2023 period
11 months, 3 weeks 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 …

Electricity under GST purview
11 months, 3 weeks ago

Electricity under GST purview

Deccan Chronicle  

New Delhi: The inclusion of electricity within the goods and services tax framework may be a reality soon as the government is exploring all the options in this regard. “As the power ministry is well aware of its potential effects, especially on the revenue loss for the industry, state revenues, and household electricity expenses, the Centre and states are jointly …

Government Explores Inclusion of Electricity in GST Framework
11 months, 4 weeks ago

Government Explores Inclusion of Electricity in GST Framework

Deccan Chronicle  

New Delhi: The inclusion of electricity within the goods and services tax framework may be a reality soon as the government is exploring all the options in this regard. “As the power ministry is well aware of its potential effects, especially on the revenue loss for the industry, state revenues, and household electricity expenses, the Centre and states are jointly …

GST collection crosses Rs 1.6 lakh for 6th time in current fiscal
1 year 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 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, 1 month 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, 2 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 …

At ₹1,713 cr, Punjab’s GST collection sees a spike of 31%
1 year, 3 months ago

At ₹1,713 cr, Punjab’s GST collection sees a spike of 31%

Hindustan Times  

The goods and services tax collection in Punjab reported a 31% year-on-year jump in August 2023 due to robust growth in business activities and increased monitoring to plug revenue leakages. In the first five-month period, the GST revenues are 28.20% higher this year than the collection during the same period last year, rising to ₹ 8,524.17 crore from ₹ 6,648.49 …

GST Collections In August 2023 Grow 11% To Rs 1.6 Lakh Crore: Official Data
1 year, 3 months ago

GST Collections In August 2023 Grow 11% To Rs 1.6 Lakh Crore: Official Data

News 18  

GST collections in August 2023 jumped 11 per cent year-on-year to Rs 1.59 lakh crore, according to the official data released on Friday. “The gross GST revenue collected in the month of August, 2023 is Rs 1,59,069 crore of which CGST is Rs 28,328 crore, SGST is Rs 35,794 crore, IGST is Rs 83,251 crore and cess is Rs 11,695 …

GST revenues register three-month high in July
1 year, 4 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, 4 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 …

Maharashtra to raise traders' concern after Centre brings changes in GST rules
1 year, 5 months ago

Maharashtra to raise traders' concern after Centre brings changes in GST rules

India Today  

Senior Congress leader and MLA Prithviraj Chavan objected to the Centre’s decision to bring the Goods and Service Tax Network under the purview of the Prevention of Money Laundering Act, which would permit the Enforcement Directorate to probe the matters linked to the GST. Replying to Chavan’s question, Maharashtra Finance Minister Ajit Pawar said he would raise the issue in …

GST Council to weigh tax cuts on select items
1 year, 5 months ago

GST Council to weigh tax cuts on select items

Live Mint  

The goods and services tax Council meeting next week will discuss tax relief on certain medicines, farm products, arthroplasty implants, and services such as satellite launches by private organizations, a person with direct knowledge of the matter said. A committee of officers that reviews proposals for tax rate changes, called the fitment committee, has recommended lowering the GST rates on …

GST Day 2023:
1 year, 5 months ago

GST Day 2023:

India TV News  

Nirmala Sitharaman on GST: Union Finance Minister Nirmala Sitharaman said on Saturday that the Goods and Services Tax has done justice to consumers by bringing the rates down compared to the previous Government. Today, no state suffers after GST, and that is despite COVID," said Union Finance Minister Nirmala Sitharaman. A step like GST actually brought relief to the common …

India's Gross GST Revenue Collection Up 12% in June
1 year, 5 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 helped increase revenue buoyancy of states as all-round benefit stands out 'exemplary': FM
1 year, 5 months ago

GST helped increase revenue buoyancy of states as all-round benefit stands out 'exemplary': FM

India TV News  

Goods and Services Tax: Union Finance Minister Nirmala Sitharaman on Saturday said Goods and Services Tax has strengthened the revenue buoyancy of states, and the all-around benefit stands out as "exemplary". Giving a comparison of the tax rates pre and post-GST, Sitharaman said, "GST has done justice to the consumers by bringing the rates down compared to the previous regime". …

GST has been a gamechanger for India’s economy
1 year, 5 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 …

GST collections rise 11.5% to cross ₹1.57 lakh crore in May 2023
1 year, 6 months ago

GST collections rise 11.5% to cross ₹1.57 lakh crore in May 2023

The Hindu  

India’s gross Goods & Services Tax collections grew 11.5% in May — the slowest uptick in six months — to cross ₹1.57 lakh crore, with revenues from domestic transactions rising 11% and imports yielding 12% more taxes than a year ago. Sequentially, May’s revenues, for transactions undertaken in April, the first month of the new financial year, were the lowest …

At ₹1.87 lakh crore, GST continues to impress
1 year, 7 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, 7 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, 7 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, 8 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 collection in March 2023 rises to over Rs 1.60 lakh crore
1 year, 8 months ago

GST collection in March 2023 rises to over Rs 1.60 lakh crore

India TV News  

GST collection March 2023: Recording a growth, the gross GST revenue in March month rose to Rs 1,60,122 crore as compared with Rs 1,49,577 crore during February this year. It is for the fourth time, in the current financial year, that the gross GST collection has crossed Rs 1.5 lakh crore mark, registering second highest collection since implementation of GST. …

GST mop-up rises 13 pc to Rs 1.60 lakh cr in March, second highest collection ever
1 year, 8 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, 8 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, 9 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 …

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