GST collections hit a 40-month low in September 2024
5 months, 3 weeks 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 showed. Growth in gross revenues from imports outpaced domestic revenues for the third straight month, rising 8% in September. GST refunds continued to grow at a healthy pace for the second successive month, with domestic refunds to taxpayers rising 24.3% in September, while export related refunds of Integrated GST revenues were up 39.2%.

Refunds Month Gross Revenues Domestic Revenues Gst  gst  gross  revenues  month  2024  receipts  low  higher  hit  collections  refunds  growth  domestic  40month  uptick

History of this topic

Central GST officers detect tax evasion of Rs 1.95 lakh crore during April-January
2 weeks, 5 days ago

Central GST officers detect tax evasion of Rs 1.95 lakh crore during April-January

India TV News  

Central GST officers detect tax evasion of Rs 1.95 lakh crore during April-January During the Budget Session Lok Sabha proceedings, Minister of State for Finance Pankaj Chaudhary told the House that in this fiscal year till January, 25,397 cases of GST evasion have been detected. In a shocking development, the officers of the Central GST have detected tax evasion of …

Mohandas Pai dismisses ‘silly’ Mahakumbh Mela GST collection claim, netizens say ‘you mean hotels and travel were free’
3 weeks, 3 days ago

Mohandas Pai dismisses ‘silly’ Mahakumbh Mela GST collection claim, netizens say ‘you mean hotels and travel were free’

Live Mint  

Former Infosys CFO Mohandas Pai dismissed allegations of false goods and services tax collections during the Kumbh Mela 2025, which was held in Prayagraj, Uttar Pradesh. Pai shared a post by an X user, who called out the “Kumbh propaganda” of the Uttar Pradesh government, portraying incorrect revenue and GST collection numbers. X user's claim "66 crores people visited, ₹7,000 …

India's GST rises by 9.1 pc in February 2025
3 weeks, 6 days ago

India's GST rises by 9.1 pc in February 2025

Deccan Chronicle  

New Delhi: India's gross goods and services tax or GST collections rose by 9.1 per cent to about Rs 1.84 lakh crore in February 2025, while gross and net GST revenues in February 2024 were Rs 1.68 lakh crore and Rs 1.50 lakh crore. The GST revenue includes a 10.2 per cent jump in domestic revenues at Rs 1.42 lakh …

India’s GST collection rises 9.1% to ₹1.84 lakh crore in February 2025
3 weeks, 6 days ago

India’s GST collection rises 9.1% to ₹1.84 lakh crore in February 2025

Live Mint  

India's gross goods and services tax collections rose 9.1 per cent to about ₹1.84 lakh crore in February 2025. GST revenues from domestic transactions jumped 10.2 per cent to ₹1.42 lakh crore, while those from imports grew 5.4 per cent to ₹41,702 crore during February. The net GST collections during February 2025 grew 8.1 per cent to about ₹1.63 lakh …

GST collections rise 9% to Rs 1.84 lakh cr; indicate economic revival, say experts
4 weeks ago

GST collections rise 9% to Rs 1.84 lakh cr; indicate economic revival, say experts

New Indian Express  

NEW DELHI: Gross GST collections rose by 9.1 per cent to about Rs 1.84 lakh crore in February, boosted by domestic consumption and indicating potential economic revival. GST revenues from domestic transactions jumped 10.2 per cent to Rs 1.42 lakh crore while that from imports grew 5.4 per cent to Rs 41,702 crore during February. Net GST collections during February …

After a tax cut and a rate cut, it's time now for a GST cut
1 month, 2 weeks ago

After a tax cut and a rate cut, it's time now for a GST cut

Live Mint  

After the Union government reduced the tax burden on individuals and the central bank followed with an interest rate cut, it's over to the states now. Its original goal was to reduce disputes related to the classification of goods and services, correct tax anomalies like finished products getting taxed at a lower rate than raw materials, and to enhance GST …

The post-Budget agenda: How to make GST 'Good and Simple Tax'
1 month, 2 weeks ago

The post-Budget agenda: How to make GST 'Good and Simple Tax'

India Today  

Good intention undone by poor implementation. At the SKOCH Summit in New Delhi in November 2024, M. Govinda Rao, economist and former member of the 14th Finance Commission, had said, “Globally, GST is considered a money machine. While political constraints may prevent a single rate, reducing the number of rates would bring clarity and efficiency.” At present, the GST structure …

Telangana sees 17% rise in GST collections
1 month, 2 weeks ago

Telangana sees 17% rise in GST collections

Deccan Chronicle  

Hyderabad:The state commercial tax department has posted an impressive 17.06 per cent increase in revenues for January, collecting Rs 3,908.15 crore against Rs 3,351.48 crore last year. Warangal registered an impressive 45 per cent growth after officials identified defaulters and conducted a special drive to prod them to file returns. Explaining the issue with an example, an official said, “A …

GST evasion of ₹1.88 lakh crore detected by CGST officers during April-Dec 2024
1 month, 2 weeks ago

GST evasion of ₹1.88 lakh crore detected by CGST officers during April-Dec 2024

The Hindu  

GST evasion of over ₹1.88 lakh crore was detected by Central GST officers during April-December 2024, the Lok Sabha was informed on Monday. Minister of State for Finance Pankaj Chaudhary said GST evasion, including ITC fraud cases, in 72,393 cases between April and December stood at ₹1.88 lakh crore. In the 2023-24 fiscal, CGST officials detected GST evasion of ₹2.30 …

GST evasion of ₹1.88 lakh cr detected by CGST officers during April-Dec 2024
1 month, 2 weeks ago

GST evasion of ₹1.88 lakh cr detected by CGST officers during April-Dec 2024

Live Mint  

New Delhi, Feb 10 GST evasion of over ₹1.88 lakh crore was detected by Central GST officers during April-December 2024, the Lok Sabha was informed on Monday. Minister of State for Finance Pankaj Chaudhary said GST evasion, including ITC fraud cases, in 72,393 cases between April and December stood at ₹1.88 lakh crore. In the 2023-24 fiscal, CGST officials detected …

Is a cut in GST rates next? GST Council to soon take a decision, says FM Sitharaman
Trending News
1 month, 3 weeks ago

Is a cut in GST rates next? GST Council to soon take a decision, says FM Sitharaman

Firstpost  

The Goods and Services Tax follows a four-tier structure with rates of 5%, 12%, 18%, and 28%. The GST Council will soon take a decision on having fewer and lower rates as the review work is almost complete, Finance Minister Nirmala Sitharaman said on Tuesday. Days after presenting the Union Budget 2025-26 that also provides significant income tax relief to …

GST Council to decide on fewer, lower tax rates soon: Nirmala Sitharaman
1 month, 3 weeks ago

GST Council to decide on fewer, lower tax rates soon: Nirmala Sitharaman

India Today  

Finance Minister Nirmala Sitharaman announced on Tuesday that the GST Council is nearing a decision on rationalising tax rates, as the review process is almost complete. Addressing speculation, Sitharaman dismissed claims that the tax relief was politically motivated ahead of the Delhi Assembly elections, asserting that it reflects Prime Minister Narendra Modi's commitment to taxpayers. The Budget has allocated Rs …

Chandigarh’s GST collections up in January after December dip
1 month, 3 weeks ago

Chandigarh’s GST collections up in January after December dip

Hindustan Times  

After a dip in December, Goods and Services Tax collections in Chandigarh rebounded in January, showing a healthy 8% increase compared to the same period last year. The January 2025 collection reached ₹271 crore, according to the ministry of finance, a ₹19-crore jump from the ₹252 crore collected in January 2024. This positive start to the year follows a 20% …

Net GST collection in January rises 11% to ₹1.71 trillion
1 month, 3 weeks ago

Net GST collection in January rises 11% to ₹1.71 trillion

Live Mint  

New Delhi: The Centre and states collected net goods and services tax of ₹1.71 trillion in January, the highest in nine months. Mani, partner, Deloitte India, said: "The steady pace of the GST collections resulting in a 9.4% growth in revenues compared with the same period last year will help in exceeding the BE budget estimates) for FY25, if the …

GST collection in January rises 12.3 per cent to Rs 1.96 lakh crore: Govt data
1 month, 4 weeks ago

GST collection in January rises 12.3 per cent to Rs 1.96 lakh crore: Govt data

India TV News  

The gross GST revenue rose 12.3 per cent to Rs 1.96 lakh crore in January on higher domestic economic activity, government data showed on Saturday. This includes 10.4 per cent growth in revenue from sale of goods and services domestically at Rs 1.47 lakh crore and 19.8 per cent rise in tax revenue from imported goods at Rs 48,382 crore. …

Gabbar Sitharaman Tax: Congress’ fresh jab at FM, says new circulars are issued 90 months after GST rollout
2 months, 2 weeks 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 …

First three quarters of 2024-25 :U.P’s tax collections up 11.2%, non-tax revenue increases 36.4%
2 months, 3 weeks ago

First three quarters of 2024-25 :U.P’s tax collections up 11.2%, non-tax revenue increases 36.4%

Hindustan Times  

The Uttar Pradesh government has collected a total tax revenue of ₹1.52 lakh crore in the first three quarters of the financial 2024-25, an increase of about 11.2% against the collections of ₹1.37 lakh crore made under the same head in the same period in 2023-2024. The state government’s revenue collections also increased by ₹ 977.14 crore in December 2024 …

Existing system to measure GST profoundly flawed, says Minister Palanivel Thiaga Rajan
2 months, 3 weeks ago

Existing system to measure GST profoundly flawed, says Minister Palanivel Thiaga Rajan

New Indian Express  

CHENNAI: Speaking at the almuni meet, Information Technology minister Palanivel Thiaga Rajan 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 legislation. “At every quarter, we used to get this kind of statement from Delhi, we have record GST collections. If GDP keeps …

GST system is profoundly flawed, can be corrected without new legislations: TN Minister
2 months, 3 weeks 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 …

GST collection 2024: Congress alleges slowdown in GST collections; asks government to focus on complexities of economy
2 months, 3 weeks 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%
2 months, 3 weeks 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
2 months, 3 weeks 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...
2 months, 3 weeks 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
2 months, 3 weeks 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 …

U.P.’s GST revenue grows 15%, surpassing national average
3 months, 1 week 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 …

Centre Shares Rs 6.42 Lakh Cr GST with States Till November
3 months, 2 weeks ago

Centre Shares Rs 6.42 Lakh Cr GST with States Till November

Deccan Chronicle  

Chennai: The Centre has paid a total of Rs 6.42 lakh crore to states till November as their share of GST collections along with the compensation cess. The gross GST collections till November stood at Rs 14.56 lakh crore. At the end of November, the gross GST collected by the Centre stood at Rs 14.56 lakh crore. Of the gross …

GST rate changes: Consult the public
3 months, 3 weeks 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, …

Mind economy's interest before Revenue's: Sanjay Malhotra to tax officials
3 months, 3 weeks ago

Mind economy's interest before Revenue's: Sanjay Malhotra to tax officials

Live Mint  

New Delhi: Cautioning tax officials to not kill the goose that lays the golden egg in the process of tax collection, revenue secretary Sanjay Malhotra told a gathering of officials that they need to be careful not to hurt the economy’s interests in the hunt for revenue. “This is a very positive development for the industry—it signals the government's intention …

UP collects ₹1.35 lakh crore tax revenue in 8 months
3 months, 3 weeks ago

UP collects ₹1.35 lakh crore tax revenue in 8 months

Hindustan Times  

letters@hindustantimes.com For representation only Uttar Pradesh government on Wednesday claimed it has collected a tax revenue of ₹135058.47 crore in the first eight months of 2024-2025. It collected ₹7579.74 crore from transport, ₹2226.81 crore from energy and ₹279.54 crore from land revenue “Our revenue collections are going up and the state’s financial situation is witnessing marked improvement consistently. The state …

Chandigarh’s GST collection grew 20% in November
3 months, 3 weeks ago

Chandigarh’s GST collection grew 20% in November

Hindustan Times  

The Goods and Services Tax collection in the city in November witnessed a growth of 20% against the gross levy collected during the corresponding period in 2023. The collection for July stood at ₹ 233 crore, ₹ 16 crore more than ₹ 217 crore collected in 2023. In October, the city saw an increase of 16% against the gross levy …

Up to 75 pc of GST revenue comes from 18 pc slab: MoS Finance
3 months, 3 weeks ago

Up to 75 pc of GST revenue comes from 18 pc slab: MoS Finance

Deccan Chronicle  

New Delhi: About 70-75 per cent of GST revenues collected in 2023-24 fiscal year came from the 18 per cent slab, while just 5-6 per cent came from the 12 per cent bracket, Parliament was informed on Monday. The average GST rate has fallen below the revenue neutral rate of 15.3 per cent, prompting the need to start discussions on …

Punjab registers 63% jump in net GST collection: Harpal Singh Cheema
Trending News
3 months, 3 weeks ago

Punjab registers 63% jump in net GST collection: Harpal Singh Cheema

Hindustan Times  

Punjab finance, planning, excise and taxation minister Harpal Singh Cheema said on Sunday that the state witnessed 62.93% growth in net GST collection during November 2024 compared to the corresponding period last year. Punjab finance, planning, excise and taxation minister Harpal Singh Cheema said the total net collection from VAT, CST, GST, PSDT, and excise in November this year is …

GST mop-up fourth highest ever but red flags in laggard states
3 months, 3 weeks 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 months, 3 weeks 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 months, 3 weeks 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
3 months, 3 weeks 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
3 months, 4 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 …

E-way bills hit record high in October driven by festival season demand
4 months, 3 weeks ago

E-way bills hit record high in October driven by festival season demand

Live Mint  

India’s supply chain activity reached new heights in October, with e-way bill generation—a key measure of freight movement and economic health—surging to an unprecedented 117.25 million, marking a 17% year-on-year increase, according to data from the Goods and Services Tax Network. As a high-frequency economic indicator, e-way bill activity closely tracks broader economic trends, with higher freight volumes often signalling …

GST Revenue Trends: A Rollercoaster Ride of Ups and Downs
4 months, 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 …

GST Council to deliberate on taxation of insurance premium, report on online gaming
6 months, 3 weeks ago

GST Council to deliberate on taxation of insurance premium, report on online gaming

New Indian Express  

NEW DELHI: The GST Council on Monday is expected to deliberate on a host of issues, including taxation of insurance premium, GoM's suggestions on rate rationalisation, and a status report on online gaming, sources said. Sources said the fitment committee, comprising Centre and state tax officials, will present a report on GST levied on life, health and reinsurance premiums and …

GST council must mind government, taxpayer needs
6 months, 3 weeks ago

GST council must mind government, taxpayer needs

New Indian Express  

The 54th Goods and Services Tax Council meeting scheduled for Monday is expected to take on the much-awaited rationalisation of tax rates. The council is also expected to consider the contentious issue of 18 per cent GST on life and health insurance premiums, which has drawn the ire of a wide section of Indians. Last month, the Group of Ministers …

U.P govt’s revenue earnings up by ₹1725.83 crore in August
6 months, 3 weeks ago

U.P govt’s revenue earnings up by ₹1725.83 crore in August

Hindustan Times  

The Uttar Pradesh government on Thursday claimed an increase of ₹1725.83 crore in tax and non-tax revenue earnings in August 2024 with the total collections going up to ₹15,969.65 crore vis-a-vis ₹14,243,82 crore earned in the same month in 2023. The state government’s tax collections in the first five months of 2024-2025 are 76 per cent of the target going …

​Enhancing oversight: The Hindu Editorial on the GST Council meet and issues
6 months, 3 weeks ago

​Enhancing oversight: The Hindu Editorial on the GST Council meet and issues

The Hindu  

The Goods and Services Tax Council, entrusted with overseeing the seven-year-old indirect tax regime, is slated to meet on September 9. The Council, whose parleys steered by the Union Finance Minister with States’ representatives are critical for resolving taxpayer challenges and setting broader policy direction, ought to meet regularly at such frequency. Beyond the broader revamp, the Council could also …

Net GST receipts’ growth slipped to 6.5% in August
6 months, 3 weeks ago

Net GST receipts’ growth slipped to 6.5% in August

The Hindu  

Growth in India’s Gross Goods and Services Tax collections slowed marginally to 10% in August from 10.3% in July, with revenues of nearly ₹1.75 lakh crore. Net receipts growth was 6.3% in June In August, gross revenues from domestic transactions were up 9.2%, improving from an 8.9% rise in July, while receipts from imports rose 12.1%, slightly slower than the …

GST mop-up in July up 10.3% to Rs1.82 lakh crore
7 months, 3 weeks ago

GST mop-up in July up 10.3% to Rs1.82 lakh crore

Deccan Chronicle  

New Delhi: India’s gross goods and services tax collection in July recorded a 10.3 per cent rise to over Rs 1.82 lakh crore. Total refunds stood at Rs 16,283 crore in July and net GST collection was Rs 1.66 lakh crore, showing a growth of 14.4 per cent. “The gross revenues from domestic activities grew 8.9 per cent to Rs …

GST receipts’ growth rebounds to 10.3%; July kitty third-highest ever
7 months, 3 weeks ago

GST receipts’ growth rebounds to 10.3%; July kitty third-highest ever

The Hindu  

India’s Gross Goods and Services Tax collections hit their third-highest monthly level in July to cross ₹1.82 lakh crore, with revenue growth recovering to 10.3% from a three-year low of 7.6% in June. Gross revenue from domestic transactions grew 8.9% in July, easing from 9.4% recorded in June, but growth in taxes collected on imports bounced 14.2% from just 2.4% …

GST collections surge by 10.3 per cent in July, cross Rs 1.82 lakh crore mark
7 months, 4 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 …

Punjab sees 15% jump in tax revenue despite sluggish GST
8 months, 1 week ago

Punjab sees 15% jump in tax revenue despite sluggish GST

Hindustan Times  

Chandigarh : The Punjab government registered an increase of 15% year-on-year in its tax revenue in the first quarter of the financial year 2024-25. The Punjab government registered an increase of 15% year-on-year in its tax revenue in the first quarter of the financial year 2024-25 The impressive increase came on the back of improved state excise, sales tax and …

A fresh start: On the Goods and Services Tax Council meet
9 months ago

A fresh start: On the Goods and Services Tax Council meet

The Hindu  

The Goods and Services Tax Council was convened last week for the first time in nearly nine months. Apart from several industry-specific measures, a few of which will kick in with retrospective effect, the Council also opted to waive interest and penalty on tax dues for the first three years of GST, provided they are paid by March 2025. Beyond …

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