Articles for Gst Data

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 Crore Cent Gst Data
On the pitfalls of estimating GDP
6 months ago

On the pitfalls of estimating GDP

The Hindu  

Gross Domestic Product, or GDP, is the most significant measure of a country’s economic size. The NSO is considering using the goods and services tax data to estimate value addition, replacing the currently used Ministry of Corporate Affairs’ MCA-21 database for the Private Corporate Sector, which accounts for about 38% of GDP. Moreover, the upward revision of the industrial growth …

Growth Corporate Data Base Series Gst Gva
GST Collections In August 2023 Grow 11% To Rs 1.6 Lakh Crore: Official Data
1 year, 6 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 …

Tax Revenue Month Cent Grow Gst Data Malhotra
Open banking is helping revolutionize access to credit
1 year, 10 months ago

Open banking is helping revolutionize access to credit

Live Mint  

Despite India’s micro, small and medium enterprises contributing about a third of the country’s gross domestic product and employing over 110 million people, they struggle to access and afford credit. For instance, let us look at the sustained efforts to boost the adoption of the Account Aggregator network—the independent entity that facilitates secure and consent-based financial data-sharing between customers and …

India Data Access Credit Financial Services Financial Institutions Msme
E-invoicing to help save on GST filing
5 years, 3 months ago

E-invoicing to help save on GST filing

Deccan Chronicle  

Chennai: Electronic invoicing will lead to significant cost savings on GST billing and lower the occurrence of error. According to Prakash Kumar, chief executive officer, GSTN, e-invoicing will result in significant cost and time savings. Further, a person who has been handling 6,000 invoices per month could now handle 90,000 invoices after it was done electronically,” he said. Lack of …

Gst
Economic Survey: India can leapfrog on growth in services sector, not manufacturing
7 years, 1 month ago

Economic Survey: India can leapfrog on growth in services sector, not manufacturing

Firstpost  

While 7.5 percent looks achievable it is more likely to be services-driven for at least two more years before investment revives. First, on growth projections, the Survey looks at a higher number than the Central Statistics Office for FY18 which is 6.75 percent against 6.5 percent by the latter. The interesting part is that the Survey expects growth to be …

Tax Investment Survey Number Increase Gst Cso
GST: Raise number of businesses in tax net to 3 crore, govt tells taxmen
7 years, 6 months ago

GST: Raise number of businesses in tax net to 3 crore, govt tells taxmen

Firstpost  

Currently 20 lakh new registrations have happened taking the total tally of GST registrations to over 92 lakh New Delhi: The government has tasked taxmen with bringing half the 6 crore private businesses in India in the GST net, up from less than a crore at present, and also make the IT system glitch free, an official source has said. …

Tax Vat Gst Data Cbdt 3 Crore 10 September Cbec
GDP growth hits 3-year low of 5.7% in June quarter as demonetisation hurts consumer demand
7 years, 6 months ago

GDP growth hits 3-year low of 5.7% in June quarter as demonetisation hurts consumer demand

Firstpost  

Services and manufacturing activity contracted at their fastest rate in years in July, the month that the GST was launched. Confusion ahead of the launch of a new goods and services tax “The numbers seem to suggest that the slowdown from last the quarter has intensified due to the combination of long-term slowdown and temporary shock factors like demonetisation and …

Growth Quarter Low Gst June Quarter Demonetisation Hurts