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The gross GST revenue collected in the month of October 2022 is Rs. 1,51,718 crore of which CGST is Rs. 26,039 crore, SGST is Rs. 33,396 crore, IGST is Rs. 81,778 crore (including Rs. 37,297 crore collected on import of…
The Central Board of Indirect Taxes and Customs (CBIC) expects officials to pay special attention to key areas of work improving tax compliance and revenue augmentation in the second half of the financial year, according to an official update. CBIC…
Despite robust tax revenues and high borrowing limits, the state governments have reduced their borrowings, necessitating capital expenditure growth much lower than budgeted by them, in the first five months of the current fiscal year. The combined capex of nineteen…
Tax collections data for the first half of the current financial year have just been released. The numbers indicating growth in collections look impressive. Direct taxes, consisting primarily of corporation and personal income taxes, have grown by 24 per cent,…
The Goods and Services Tax (GST) collection in September has recorded a 27% growth in the State over the previous September, continuing a trend in tax collection in the post-COVID 19 environment. Data released by the Union Finance Ministry on…
The gross GST revenue collected in the month of September 2022 is Rs. 1,47,686 crore of which CGST is Rs.25,271 crore, SGST is Rs. 31,813 crore, IGST is Rs. 80,464crore (including Rs. 41,215 crore collected on import of goods) and Cess is Rs. 10,137 crore (including Rs.…
The gross GST revenue collected in the month of July 2022 is Rs.1,48,995 crore of which CGST is Rs.25,751 crore, SGST is Rs. 32,807 crore, IGST is Rs.79,518 crore (including Rs.41,420 crore collected on import of goods) and cess is…
The state has demanded the Centre that the state’s share of the revenue from the GST, which is 50% at present, should be increased to 60% since the share of expenditure of the states is very high when compared to…
The gross GST revenue collected in the month of June 2022 is ₹144,616 crore of which CGST is ₹25,306 crore, SGST is ₹32,406 crore, IGST is ₹75887 crore (including ₹40102 crore collected on import of goods) and cess is ₹11,018…
Goods and Services Tax (GST) receipts of the central and state governments are set to further moderate in June after scaling a historic high in April riding on financial year end spike in sales, showed data on e-way bills. The…