GST collection

GST Collection in January

February 1, 2023

The GST collection has been increasing in recent times. The three main reasons for the hike in GST collection are decisions made by GST Council, changes made in tax collection, and rising inflation. The highest GST Collection was achieved in ..

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India’s Direct Tax Collection Records Steady Growth in FY2023

January 13, 2023

According to government data, the country’s gross direct tax collection of the current fiscal year (FY2023) till January 10 went up 24.58% to Rs 14.71 lakh crore, against the gross collections made in the corresponding period the previous fiscal. The ..

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GST revenue up 28% year-on-year in August

September 1, 2022

The Gross GST Revenue collected in the month of August 2022 is ₹ 1,43,612 crore which is 28% higher than the GST revenue of ₹ 1,12,020 crore in the corresponding month of the previous year. Highlights During the month, revenue ..

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GST Collections November 2021

December 1, 2021

The GST revenue for the month of November 2021 was Rs 1,31,526 crores. This is the second highest collection since the introduction of GST in the country. The first highest collection was in April 2021. GST Collections The CGST was ..

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Finance Ministry’s Monthly Economic Review

October 12, 2021

The Ministry of Finance recently released its “Monthly Economic Review for September 2021”. According to the report, Indian economy is on path of swift recovery from the impact of Covid-19 pandemic. Key Findings As per economic review report, sustained & ..

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GST Compensation: Rs 6,000 crores tranfered to 16 states

October 23, 2020

On October 23, 2020, the Government of India transferred Rs 6000 crores to 16 states and two union territories as the first tranche. The interest rate has been fixed at 5.19 %. Key highlights Over 21 states had opted for ..

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