India eyes new GST revenue stream from burgeoning digital services market
As India’s digital economy expands rapidly, tax authorities are intensifying efforts to bring global digital service providers into the Goods and Services Tax (GST) fold.
Tag: GST revenue
Chhattisgarh emerges as the fastest-growing state in GST revenue collection in India
Chhattisgarh recorded a total GST revenue collection of Rs.16,390 crore, surpassing all other states in annual growth. Maharashtra and Tamil Nadu followed, registering 16% and 15% growth, respectively.
Gross and Net GST revenue collections for the month of Mar, 2025
GSTN published gross and net GST revenue collections for the month of March, 2025.
Parliamentary panel flags issues faced by MSMEs, exporters under GST; suggests easier compliance, fast tracking refunds
The parliamentary Public Accounts Committee (PAC) has flagged the issues being faced by Micro, Small and Medium Enterprises (MSMEs) and exporters under the indirect tax regime of Goods and Services Tax (GST), asking the Ministry of Finance to implement a simplified compliance framework for smaller businesses, to fast track and automate return filing, refund processing that includes reducing the frequency of return filings and a more straightforward online reporting process.
Equitable distribution: On GST and the Parliament’s Public Accounts Committee report
The 19th report of Parliament’s Public Accounts Committee (PAC) is appropriately scathing in its criticism of the Goods and Services Tax (GST) regime, introduced in July 2017 to simplify, unify and improve indirect tax compliance in India.
Goa CM Sawant appointed convenor of GoM on GST revenue analysis
Goa Chief Minister Pramod Sawant has been appointed as the convenor of the Group of Ministers (GoM) on GST revenue analysis, officials said on Tuesday.
GST Council constitute GoM to examine levy of natural calamity cess by a particular state
GST Council has constituted a Group of Ministers (GoM) to suggest recommendations for revenue mobilisation in case of natural calamities or disasters. It has reconstituted another GoM on analysis of revenue from GST.
GST Council revamps GoM for sector-specific tax policy suggestions
The GST Council has reconstituted the Group of Ministers on GST revenue analysis which will suggest sector-specific issues that need policy intervention, and the feasibility of a unified enforcement platform to check tax evasion.
Telangana’s GST growth slumps to one per cent
In one of its worst performances, Telangana recorded just one per cent GST growth in February this year, compared to last year’s 10 per cent. The State now finds itself at the bottom of the list in terms of GST growth rate, alongside Arunachal Pradesh.
Gross and Net GST revenue collections for the month of Feb, 2025
Gross and net GST revenue collections for the month of February, 2025.