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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 collection of the GST revenue in India, Chhattisgarh has emerged as the fastest-growing state that achieving an unprecedented 18% growth rate in the fiscal year 2024-25, as per the state officials. A total GST revenue collection of Rs 16,390 crore has been recorded in Chhattisgarh, which exceeds all the other states in annual […]
Punjab Finance, Planning, Excise and Taxation Minister Harpal Singh Cheema said that the state had recorded an 11.87% increase in net Goods and Services Tax (GST) collection up to January in the existing fiscal year, exceeding the national average of 10 per cent. Punjab has reported a significant increase in its revenue, with excise taxes […]
Net goods and services tax (GST) of ₹1.71 trillion in January has been collected by the Centre and states, the highest in nine months. As per the official data, the collection is 10.9% higher from ₹1.54 trillion in the year-ago period. In April FY25, the net collection stood at ₹1.92 trillion. Last month the gross […]
The state witnessed a 62.93% growth in net GST (goods and services tax) collection during November 2024 compared to the related period last year, Punjab Finance, planning, excise, and taxation minister Harpal Singh Cheema mentioned. Cheema in a statement cited that the total net GST collection up to November this fiscal year shows an increase […]
In November gross GST collections have risen 8.5 percent to over Rs 1.82 lakh crore on higher revenues from domestic transactions. Rs 34,141 crore, is the Central GST collection, State GST at Rs 43,047 crore, Integrated IGST at Rs 91,828 crore, and cess at Rs 13,253 crore, as per the government’s data. In November Rs […]
Through Goods and Services Tax (GST) the revenue collected by the union government on healthcare and life insurance services has moved up by 680 per cent to Rs 16,398 crore in 2023-24 from Rs 2,101 crore in 2019-20, Minister of State for Finance Pankaj Chaudhary said in a written reply in Lok Sabha. Marginally GST […]
In October, Gross GST collection surged to 9% to Rs 1.87 lakh crore, the second highest collection ever, on the pick up in domestic sales and rectified complaints. Rs 33,821 crore, was the Central GST collection, Rs 41,864 crore, was the State GST collection, Rs 99,111 crore was the integrated IGST collection and Rs 12,550 […]
