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Search results for: compensation on cess collections

States GST Compensation INR 4.1 Trillion

GST Compensation Requirement will Reach INR 4.1 Trillion in FY21

COVID-19 Panadamic causing a bad effect on the collection of the states, due to it, their GST collection requirements is expected to reach Rs. 4.1 trillion in this Financial year, which is almost equal to 2.1 percent of the GDP of our country The biggest tax reform i.e. Goods and Services Tax is now a […]

GST Collections Lowest Revenue

September GST Collections Lowest Revenue Collected in 19 Months

The Government is still modifying the architecture of GST collection to make it an ideal tax collection system. New reforms and amendments are frequently been introduced in the system so that the ultimatum can be achieved. GST collection for the month of September was yet another challenge faced by the governance which slipped down from […]

September 2020 GST Collection

Sept. GST Collection May Reach Beyond INR 95,000 Crores in FY21

The GST collections for September are likely to be higher than Rs 95,000 crores for the first time this fiscal year. The amounts are registered to be published on Thursday. The figure might nearer to Rs 1 trillion. The GST collections prove to be the best economy for recovery. September results for the transaction were […]

GST Collection for January 2026

GST Collection Rises to INR 1.93 Lakh Crore in January 2026, an Increase of 6.2%

In January 2026, Goods and Services Tax (GST) collections of India have attained Rs 1,93,384 crore, exhibiting a robust year-on-year rise of 6.2 per cent. In January 2025, Rs 1,82,094 crore was the revenue. Cumulatively, from April to January FY26, gross GST receipts of Rs 18,43,423 crore, up 8.3 per cent compared to Rs 17,01,891 […]

GST Collection for November 2025

GST Revenue Collection for Nov 2025 Reaches ₹1.7 Lakh Crore

In November, India’s gross goods and services tax (GST) collections marked the lowest monthly mop-up since February 2024. The collection on a year-on-year basis has dropped by 0.7% as per the official data. The moderation specifies the effect of rate rationalisation with taxes on most items of consumption being dropped. In November, the net GST […]

Middle Class Relief and Revised GST Rates on Council’s Agenda

GST Council Weighs New Rates, Middle-Class Benefits on Common Goods

In today’s meeting, the Goods, Services Tax Council, led by Finance Minister Nirmala Sitharaman, will discuss a shift to a two-slab system anticipated to lessen the costs of daily items by rationalising and reducing the brackets under which most goods are taxed. Below Are the Updates Recommendations on rate rationalisation, which Prime Minister Narendra Modi […]

GST Collection for August 2025

GST Revenue Collection in August 2025 Hits ₹1.86 Lakh Crore, a 6.5% YoY Increase

In August, India collected Rs 1.86 lakh crore as Goods and Services Tax (GST), which is 6.5% more compared to the same month last year, as per the data specified. But the number is not more than July’s Rs 1.96 crore. The highest-ever GST collection at Rs 2.37 lakh crore was seen in April 2025. […]

GST Collection For July 2025

July 2025 GST Collection at ₹1.96 Lakh Crore, Grows 7.5% YoY

In July 2025, India’s Goods and Services Tax (GST) collections surged to ₹1,95,735 crore, marking a 7.5% year-on-year increase from ₹1,82,075 crore in July 2024, according to provisional data from the Finance Ministry. The rise was driven by higher domestic transactions and import collections, indicating continued economic activity, although the pace of growth has moderated. […]

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