Stay updated
India’s Goods and Services Tax (GST) revenues grew 12.7% in January 2023 to hit almost ₹1.59 lakh crore, the second highest monthly collections on record, as per revised figures from the Finance Ministry. Earlier estimates of GST revenues for January…
The government is planning to widen its goods and services tax (GST) by tapping a section of mom-and-pop stores, a top tax official told Reuters on Thursday, The moves comes as the government is looking to bring more elements of…
GST collection is expected to average around ₹1.50 lakh crore monthly and it will be the ‘new normal’ in FY24 said Central Board of Indirect Taxes and Customs (CBIC) chief Vivek Johri said on Thursday. CBIC chief Johri said the…
Punjab registered a record increase in GST and excise revenue, said Cabinet Minister Harpal Singh Cheema after unfurling the Tricolour on the 74th Republic Day celebrations held here on Thursday. Elaborating the revenue growth, he said the state registered a…
Karnataka’s monthly GST collection crossed Rs 10,000 crore for three months in a row, Chief Minister Basavaraj Bommai said Wednesday, describing this as “positive growth” for the state. “Karnataka’s monthly GST collection has crossed Rs 10,000 crore for 3 months…
The Punjab government’s revenue collection under all heads, with the exception of GST, saw a dip in December last year when compared to the same period in 2021, leading to concerns among some circles about the state’s financial health. An…
The Delhi government’s goods and services tax (GST) collection increased 22 per cent to Rs 41,351 crore for the first three quarters (April-December) this fiscal, officials said on Tuesday. In 2021-22, the government’s GST collection in the first three quarters…
The UT Excise and Taxation Department has witnessed a growth of 18.77% in the GST collection in the 3rd quarter of 2022-23. The collection stood at Rs 595.65 crore, which was Rs 94.13 crore more than the revenue of Rs…
The gross GST revenue collected during December 2022 is Rs 1,49,507 crore, of which CGST is Rs 26,711 crore, SGST is Rs 33,357 crore, IGST is Rs 78,434 crore (including Rs 40,263 crore collected on import of goods) and Cess…
Punjab Finance Minister Harpal Singh Cheema on Thursday said Goods and Services Tax (GST) collection has increased by 24.5 per cent year-on-year to Rs 11,967.76 crore in April-November this fiscal. Cheema said the total revenue from GST during the first…