GST Collections

The consulting and services sector has urged the Centre to re-look at the Goods and Services Tax (GST) collection regime.

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Surge of 15% on annual basis; might exceed BE by Rs 1.3-1.4 trillion

The GST collections for December 2022 stood at Rs 1.49 trn-- 2.5 per cent more than Rs 1.45 trn collected in November 2022, according to figures released by the Finance Ministry on Sunday

Demand for bank credit remained healthy at 17.2%, even amidst tighter liquidity conditions and higher borrowing costs, Reserve Bank of India data showed

GST Council will also consider a ministerial panel report on setting up GST Appellate Tribunals

Delhi's Goods and Services Tax (GST) collection in the second quarter of 2022-23 dipped by more than 6 per cent as compared to the first quarter of the fiscal, according to official figures. However, the combined GST collection of the first two quarters of 2022-23 was 28 per cent higher than the corresponding period of financial year 2021-22, showing that the economic situation is recovering from the effects of the COVID-19 pandemic, officials said. The GST collection in the third quarter (October-December) is expected to be higher with a spur in trade and business during the festive season, they added. The GST collection of Rs 14,297 crore in the first quarter (April-June) was Rs 880 crore more than the Rs 13,417 crore collected in July-September. According to the officials, the Delhi government collected Rs 5,871 crore from GST in April, Rs 4,113 crore in May, Rs 4,313 in June, Rs 4,327 crore in July, Rs 4,349 crore in August and Rs 4,741 crore in September. The GST collection o

Direct taxes fall 42% to Rs 34,972 crore, from Rs 60,363 crore in August last year

Move to cost the exchequer additional Rs 44,762 crore

The $2 billion online gaming industry in India, while grappling with these issues, the online gaming industry should be treated as entertainment and not gambling, as it comes under the games of skill

The Delhi's government GST collection has registered an incremental rise in the first quarter of the financial year 2022-23, standing at Rs 4,349 crore in August, officials said. The GST collection was Rs 4,113 crore in May, and it grew to Rs 4,313 crore in June and further to Rs 4,327 crore in July. In August, it rose to Rs 4,349 crore, showing growth in trade and business in the city and consumer demand despite inflation, they said on Tuesday. In August last year, the GST collection was Rs 3,605 crore, which grew by 21 per cent to Rs 4,349 crore this August. In May 2021, the GST collection was Rs 2,771 crore and Rs 2,656 crore in June 2021. It was Rs 3,815 crore in July 2021.

The Delhi's government GST collection has registered an incremental rise in the first quarter of the financial year 2022-23, standing at Rs 4,349 crore in August, officials said on Tuesday. The GST collection was Rs 4,113 crore in May, and it grew to Rs 4,313 crore in June and further to Rs 4,327 crore in July. In August, it rose to Rs 4,349 crore, showing growth in trade and business in the city and consumer demand despite inflation, they said. In August last year, the GST collection was Rs 3,605 crore, which grew by 21 per cent to Rs 4,349 crore this August. In May 2021, the GST collection was Rs 2,771 crore and Rs 2,656 crore in June 2021. It was Rs 3,815 crore in July 2021.

Mop-up increases 28% YoY in August to Rs 1.43 trillion; most big states see double-digit growth in collections

Index heavyweights, Reliance Industries and Tata Consultancy Services contributed the most to the sharp cuts as they slipped between 2-3 per cent.

Money will help carry out their capital expenditure and welfare spending plans

Extending compensation is a topic that has remained a sticking point in India's federal structure, with not only opposition states but also BJP-governed states speaking about it

Presently, the process is mandatory for businesses with an annual turnover of Rs 20 cr and above

Collection remains above Rs 1.4 trn for fifth straight month

Senior Congress leader Digvijaya Singh on Thursday said that only air has remained out of the purview of the Goods and Services Tax (GST) now