Topic: IGST
Tamil Nadu’s SGST Collections Surge in 2024
Tamil Nadu has reported important growth in its State Goods and Services Tax (SGST) collections for the fiscal year 2024-25. The increase stands at 20.12%, the highest among...
GST Collection in January
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... GST revenue up 28% year-on-year in August
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...
GST Collections in May 2022
In the month of May 2022, the Goods and Services Tax (GST) revenue stood at around Rs 1.41 lakh crore. This is a 44 percent increase in comparison... GST Collections November 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...
How will GST Exemption lead to Price rise?
The West Bengal Chief Minister recently requested the Prime Minister Narendra Modi to exempt COVID medicines and oxygen tanks from taxes. Several other states such as Odisha were...
0% IGST on Import of Covid-related relief material
The Government of India recently waived the Integrated GST till June 30, 2021. This included Remdesivir, Beta cyclodextrin, medical grade oxygen, oxygen concentrators, cryogenic transport tanks, etc. Conditions...
IGST on Import of Oxygen Concentrators reduced
The Ministry of Finance recently cut the IGST on import of oxygen concentrators for personal use to 12%. Earlier it was 28%. IGST is Integrated Goods and Services...
GST Council meet
On June 12, 2020, the Finance Minister Nirmala Sitaraman chaired the 40th GST Council Meet. Highlights The minister at the meet announced that no late fee will be...
GSTN to make Aadhaar authentication mandatory for new dealers from January 2020
The Goods and Services Tax (GST) Network has decided to make Aadhaar authentication or physical verification mandatory for new dealers from January 2020 so as to check malpractices...
IAF asked to pay Rs 100 crore GST bill for import of spares
The Indian Air Force which is facing fast depleting squadrons and is yet to induct aircraft in significant numbers to keep up with falling fleet numbers is now...
