Karnataka CM Basavaraj S Bommai tweeted as “A record collection of 6085 crore has been made under GST this month. Karnataka continues to be state with the highest growth rate of 30% in the GST tax collection.”
Source: Economic Times
Share this content:
Even as the Centre said it has taken a ₹30,000-crore revenue hit in FY26 through excise duty cuts on petrol and diesel, States have continued to see strong growth in collections from sales tax/VAT on petroleum products, with most refraining from lowering local levies despite the recent spike in crude prices.
In a landmark move set to redefine India’s tax landscape, the Finance Minister’s Budget 2024 presentation in Parliament unveiled a game-changing addition to the Goods and Services Tax (GST) framework.
The Central government is considering to amend certain GST rules to bring consistency in the tax treatment of the two distinct business models of ride hailing companies, sources told Moneycontrol.
