Gst Collections

GST revenues cross trillion mark for second straight month at over Rs 1.04 lakh crore in Nov

At Rs 1,04,963 crore, the November 2020 collections were higher than Rs 1.03 lakh crore recorded in November 2019 but were Rs 192 crore lower than October 2020 collections

GST collections cross Rs 1 lakh crore in October for first time in 8 months

The GST collections had fallen below the psychologically important Rs 1 lakh crore mark as the lockdown imposed to contain the COVID-19 spread dented economic activity

Coronavirus Outbreak: Centre releases Rs 14,103 cr GST compensation to states; more to be released soon

In a bid to provide further relief to states amid the coronavirus outbreak, the finance ministry has released about Rs 34,000 crore in two phases to states as compensation for their revenue loss in the goods and services tax (GST) regime

GST collection crosses Rs 1 lakh cr-mark in February; gross revenue up 8% at Rs 1.05 lakh cr

GST revenues during February from domestic transactions have shown a growth of 12 percent over the same month last year

Centre has informally proposed GST rates rejig once a year instead of every 3 months, says Nirmala Sitharaman

The central and state governments aren't able to assess what they'll earn through GST in the whole year, Sitharaman said

GST collection in January likely to touch record Rs 1.15 lakh cr on efficient tax administration despite economic slowdown

The GST collection in December 2019 remained at Rs 1.03 lakh crore indicating a pick-up in consumption, which also slipped into slump mode.

GST revenue collection rises above Rs 1 lakh cr-mark for second month in row in December

GST revenue collection remained above the Rs 1 lakh crore mark for the second month in a row with December mop-up rising to Rs 1.03 lakh crore as compared to the year-ago period

Govt sets Rs 1.1 lakh cr monthly GST collection target, asks taxmen to buckle up

Amid concerns that the government may fall short of tax collection target in a slowing economy, the Centre has set an ambitious Rs 1.1 lakh crore monthly GST target for the remaining four months of the current fiscal and asked taxmen to step up efforts to achieve the goal

Centre releases Rs 35,298 cr GST compensation to states; govt will not renege on promise, says Nirmala Sitharaman

The GST Council, the highest decision-making body for indirect tax, is slated to hold its meeting on 18 December.

GST system should be simplified for easy compliance, frequent tweaks in rates will not favour economy: NK Singh

On Tuesday, a Parliamentary panel on finance observed that the GST collection slowed down in recent months and asked the government to prevent misuse of input tax credit.