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Eight years have passed since the launch of GST in our country on July 1, but it will be good to note how the states have performed in GST collection. Between FY19 and FY25, the state of Odisha has recorded the highest growth in collections. The GST portal data specifies that the collections of Odisha […]
In May 2025, India collected ₹2.01 lakh crore in Goods and Services Tax (GST). This amount is 16.4% higher than the ₹1.72 lakh crore collected in May 2024, according to the Ministry of Finance. This increase shows that the country’s economy is growing and more businesses are paying taxes. Surging by 12.6 per cent, Rs […]
In April 2025, the revenue from the Goods and Services Tax (GST) hit an all-time high of ₹2.37 lakh crore. This figure represents a growth of 12.6% compared to the same time last year, based on information from the central government. This outperformed the previous second-highest collection of Rs 2.10 lakh crore recorded in April […]
In the month of May, the GST collections of India surged by 11.5%, standing slowest in 6 months to cross Rs 1.57 lakh cr with the revenue from the domestic transactions rising 11% and imports which generate 12% additional taxes compared to before year. May’s revenue for the transaction that takes place in the month […]
In positive news coming from every corner of the nation, the union finance ministry has highlighted some of the good jumps in GST collections from 3 developed states of India. Talking about Kerala. From the past period i.e August 2020 the state, Kerala had set a 31% rise in GST collection which is a new […]
The bridge between the collection of GST cess along with the revenue shortfall seen by the states to implement the goods and service tax can lie between anywhere from Rs 5 lakh crore to Rs 7 lakh crore as by June 2022 as from Rs 2.35 lakh crore expected for this year, the 15th finance […]
The Goods and Services Tax (GST) official was a stand-off on the problem of compensation which is to be given to states on record of the shortfall arising from the change in the tax in 2017. Although they had taken a decision to extend the cess compensation beyond 2022 which is a 5 year period […]
The 41st GST Council Meeting was organized on August 27, 2020, till 5:30 pm. The GST council meeting members discussed the “revenue compensation to states”. The 41st GST Council Meeting was conducted via video conference due to the corona pandemic. Also, there was some discussion pending before the GST council such as GST rate cut […]
The collection of revenue from GST Cess has seen a 42% shortage in the financial year 2019-20. The GST council has decided to organize a meet to discuss the lending from the market as shortfalls are projected to continue. The finance ministry said that the final installment of the GST collection of the year, amounting […]
