Gst Collection

GST collection hits five-month high at Rs 1.17 lakh in Sept, revenues 23% higher than last year

The collection in September is the highest in five months since April, when revenue was at record high of Rs 1.41 lakh crore.

GST revenue slips below Rs 1 lakh crore in June after eight months

The gross GST revenue collected in June 2021 stands at Rs 92,849 crore. It was recorded at Rs 1.02 lakh crore in May.

Four years of GST: Tax base has doubled from Rs 66.2 lakh to 1.2 crore, says Nirmala Sitharaman

Commending taxmen for the dealing with GST fraud, the FM said enhanced revenue collection in the recent months should now be the 'new normal'

GST collections fall to Rs 87,422 crore in July from Rs 90,917 crore in June

However, July collections are higher than Rs 62,009 crore in May and Rs 32,294 crore in April.

Parliamentary panel suggests lower GST rate, uniform road tax for auto sector until its revival

A parliamentary panel had examined the Demands for Grants 2020-21 of Department of Heavy Industry (DHI) and tabled its report in Parliament

GST collection crosses Rs 1 lakh cr mark for third month in a row in January; in line with set target

The GST collection is in line with the target set by Revenue Secretary Ajay Bhushan Pandey after a high-level meeting with senior tax officials earlier this month.

GST rate slabs likely to be restructured post-Budget; Centre, state govts to discuss new rates: Report

As of now, there are four slabs under the GST regime — 5, 12, 18 and 28 percent. Goods and services under the 28 percent category also attract cess over and above the rate, which ranges between 1 and 25 percent.

GST Council meeting on 18 December: Tax rates may go up for various items to compensate revenue shortfall

With pressure on revenue collection, the Goods and Services Tax (GST) rates and slabs may be raised during the GST Council meeting next week

Fitch raises India's FY20 fiscal deficit forecast to 3.6% of GDP on weak revenue collections

Fitch said it was revising the fiscal deficit forecast as revenue collection may fall far short of the projections in the FY2019/20 Union Budget due to weak GST and corporate income tax collections.

Decline in GST revenue to have a direct impact on ITC as govt may turn to tobacco to hike tax

A high-level panel constituted by the government to suggest measures to augment GST revenue collection will hold its first meeting today.