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Karnatak SGST department recently collected increased 14.3 per cent of GST revenues for the 5 months i.e. (April- August ) for the FY 2019-20 (FY 20). While the Karnataka state has already gained a good amount of GST collections of 33,618 crores in comparison to the target of 76,046 crores for the financial year. Also, […]
India, homing the policy of ‘One Nation One Tax‘ has announced the results of the Goods and Service Tax (GST) collection in August 2019 which was aggregated at Rs. 98,202 Crore. The sum this year was 4.51% more than the previous year (Rs. 93,960 Crore) but is still a concern for the government as its […]
This financial year i.e. 2019-20, the GST collections of some of the backward states have come forward unexpectedly. The states such as Bihar, Uttar Pradesh, Odisha and Madhya Pradesh have recorded much better collections. The forward states such as Maharashtra, Gujarat, Karnataka and Tamil Nadu were earlier known to give better GST collections but now […]
In July 2019, the central and state governments managed to collect the revenue of INR 1,02,083 crore as Goods and Service Tax (GST). Comparatively, it is 5.8% more over the similar month last year, as described from an official. In the current fiscal, it is the third chance when the combined central and state GST […]
Haryana has created a benchmark by contributing the highest of 4.7 percent in the national GST collection. It is one of the 29 states in India owning just 1.8 percent of the geographical land of the country and accommodating the 2.9 percent of the national population. State’s finance and tax minister Captain Abhimanyu declared that […]
The Modi-led government has recently announced that it will sort out all the major issues or glitches in the new GST system, which was also the key reason for the decline in indirect tax revenue. At the time when the GST regime was launched, the government has promised that the full benefits of GST reform […]
Breaking all the records, Goods and Services Tax (GST) made a remarkable collection of Rs. 1 Trillion for two successive months, but the June month was somehow ill-fated as the collection of Indirect Tax fell considerably to Rs. 99,936 Crores. On a good note, the average quarterly collection of April-June managed to reach Rs. 1.04 […]
The central government had finally announced the revenues for May month under GST era reaching up to INR 95,610 crores. The amount will be divided into the central and the government of the state proportionately.
The GST (Goods and Services Tax) collection of April has been record-breaking as more than INR 1 trillion has been collected and this is the third time it is happening that too in four months. The collection has been increased by 10 per cent as compared to the last year. The finance ministry said that […]
