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Central GST officers in Karnataka detected tax evasion of Rs 39,577 crore in 2024-25 fiscal year, an over 5-fold jump from the year-ago period, Parliament was informed on Monday.
India’s gross Goods and Services Tax (GST) collection for the month of July stood at Rs 1.96 lakh crore, marking…
India’s GST collections rose by 6.2% year-on-year to ₹1.84 lakh crore in June 2025, the Finance Ministry said on Tuesday. The number, while reflective of continued economic activity and compliance, fell below the ₹2 lakh crore mark crossed in April and May — prompting caution among economists and tax experts.
The Prayagraj Mahakumbh, the 45-day mega religious event that concluded on February 26, not only drew 66 crore (660 million) pilgrims but also generated ₹500 crore revenue as Goods and Services Tax (GST)/Value Added Tax (VAT).
GST in Bihar: A big jump has been seen in the GST collection in Bihar. In the GST collection data released for May 2025, Bihar has set a record by collecting 9 percent more than the national average.
With monthly GST collections now averaging over ₹2 lakh crore and state revenues remaining robust, tax experts believe the stage is set for a major structural reform: eliminating the 12% slab and moving towards a three-rate GST system.
GST collections soared to a record high in April, reaching Rs 2.37 lakh crore, according to official data released on Wednesday.
Indicating very high year-end business activities, e-way bill (EWB) generation surged 20 per cent high in March to reach 12 crore plus for the first time since its introduction in 2018. Experts express cautious optimism about impact of all-time high e-way bill generation.
Karnataka ranks second in investment and GST: Home Minister G Parameshwara claimed on Wednesday that the state ranks second in the country in terms of investment and GST collection. He made the remarks while addressing a press conference at the District Congress Office in Mandya.
GSTN published the detail of the gross and net GST revenue collections for the month of January, 2025.