GST Revenue Collection

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

Collection remains above Rs 1.4 trn for fifth straight month

India's manufacturing sector growth steadied in May on the back of rising international orders despite an increase in prices.

If the Centre does not extend the GST compensation from July this year, Maharashtra, which pays the maximum taxes, will lose Rs 30,000 crore annually, a senior official said

The Directorate General of GST Intelligence and the CGST Commissionerates have recovered over Rs 700 crore and arrested 215 persons in the last two months in cases related to fake GST invoices

Centre to propose one a year tweaking; states say proposal is not enough, slabs need to be changed, experts call for flexibility to cater to immediate needs

Form 26As is a yearly consolidated tax statement accessible from income-tax dept's website using a PAN. One can refer to it for details of high-value expenses and taxes paid

The GST Council will have to work out a mid way solution for making good the GST collection shortfall, Bihar Deputy CM Sushil Modi has said.

Modi tells Dilasha Seth that the proposed reforms like simplified return form and e-invoicing facility, among others, will be difficult to push through in the fourth year.

The mop-up stood at Rs 1.031 trillion in December, slightly lower than the seven-month high of Rs 1.034 trillion collected in November

In December 2018, the GST collection was Rs 97,276 crore

The GST, which replaced almost all the indirect taxes, came into force from July 1, 2017, and the rates on goods and services have been revised several times since then

Expectations of additional tax burden in GST Council meet, competitive intensity may impact volume growth and margin of its mainstay cigarette biz

The GST structure may be in for an overhaul

Some items will also be removed from the GST exemption list that attracted some form of taxation in the pre-GST regime

KCR says despite a higher tax devolution as per Union Budget 2019-20, the receipts by the state till November were actually lower than in the same period last year

Currently, only 1.4 million traders are registered under the GST. The CM stressed the number needed to increase to 2.5 million by next financial year

The GST mop-up in September was 2.67 per cent lower than the collection in the corresponding month last year and 6.4 per cent below the last month's figure

The revenue collection in the same month a year ago stood at Rs 94,442 crore

As per the figures released by the government, the GST collection for January stood at Rs 880.47 billion. In December, it was Rs 889.29 billion