Gst Collections News
July GST collections recorded at Rs 1.49 trillion; check monthly trends, state-wise collections here
For five months in a row now, the monthly GST revenues have been more than Rs 1.4 lakh core, showing a steady increase every month.
GST collections rise by 56% to Rs 1.44 lakh crore in June; fifth time crosses Rs 1.40-lakh-crore mark
Speaking at the GST Day celebrations, Finance Minister Nirmala Sitharaman said Rs 1.4 lakh crore is the ‘rough bottom line’ for monthly GST revenue collections
The gross GST collection in March 2022 is all-time high, breaching an earlier record of Rs 1,40,986 crore collected in January. The revenues for March 2022 are 15 per cent higher than the GST revenues in the same month last year
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
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 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 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
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.
GST mess: Two-and-half years on, much-hyped indirect tax reform needs a major overhaul; govt should launch three-slab structure
The GST Act mandates that the states should be given compensation for revenue shortfall of below 14 percent growth for the first five years of the GST roll-out.
After two months of negative growth, the GST revenue witnessed an impressive recovery with a growth of 6 percent in November 2019 over the November 2018 collections
Govt raises concern over fake invoicing in B2B trade impacting GST collections; Centre to bring more transparency in system
This under-reporting has become a challenge for the government, Minister of State for Finance and Corporate Affairs Anurag Thakur said.
GST collections remain subdued at Rs 95,380 cr in October; mop-up below Rs 1 lakh cr-mark for third month in a row
The Goods and Services Tax (GST) collection in October declined to Rs 95,380 crore, as against Rs 1,00,710 crore in the same month a year ago, as per government data released on Friday
GST collections dropped sharply to a 19-month low in September, mirroring a widening slowdown in the economy triggered by shrinking consumer demand.
IIP contracts by 1.1% in August: Indian economy is waiting for a Santa to cheer it with bags full of money
The August IIP numbers was the lowest in seven years showing negative growth of 1.1%
GST may have flaws but we cannot damn it; it is 'kanoon' of the country, says Finance Minister Nirmala Sitharaman
GST was launched across the country with effect from 1 July, 2017.