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The revenue shall continue to surge from the Goods and services tax (GST) for October 2023 the revenue collection at Rs 1,72,003 cr was the second highest subsequent to April 2023. Rs 1.66 lakh cr is the average gross monthly GST collection in the FY 2023-24 till October. When the average monthly collections exceed for […]
According to Central Board of Indirect Taxes and Customs (CBIC) official Sanjay Kumar Agarwal, the increase in Goods and Services Tax (GST) collections in October is due to economic activity rather than the issuance of notices by tax authorities. Advisories will be issued to businesses that are not practising generating GST e-invoices for their B2B […]
In October, the combined revenue from Goods and Services Tax (GST) collected by central and state governments reached ₹1.72 trillion, marking a notable 13% surge compared to the previous year. This figure represents the second-highest monthly collection since the implementation of the new tax system in 2017. The cumulative GST earnings for this year align […]
The Jammu and Kashmir State Taxes Department commemorated the 4th UT Foundation Day and Rashtriya Ekta Diwas with great enthusiasm. During the event, Commissioner of State Taxes, Dr. Rashmi Singh, extended her congratulations to the team of officers and stakeholders for their outstanding achievements over the past four years. She highlighted the significant growth in […]
In the fiscal year 2018-19, Andhra Pradesh recorded a total goods and services tax (GST) revenue of 25,331 crore, with an average monthly GST revenue of 2,100 crore. Presently, the state consistently achieves monthly GST collections ranging from 3,500 to 4,000 crore. April saw Andhra Pradesh achieving a remarkable milestone by raking in 4,329 crore […]
Haryana has achieved a significant milestone in Goods and Service Tax (GST) collection, securing the fifth position among the top states in the country With a notable growth of 18.3%, the state recorded a total tax collection of ₹32,076 crore during the first six months of the current financial year (April-September 2023), compared to ₹27,155 […]
GST revenue growth in India has slowed to the 27-month low of 10.2% in September from nearly 10.8% in the past two months. While a 2.3% improvement in collections is there in the revenues of August to touch Rs 1,62,712 cr. In September 2022, revenues generated from domestic transactions, including service imports, exceeded tax collections […]
GST Revenues from domestic transactions (including import of services) are 14% higher Year-on-Year Rs 1,59,069 crore is the collected gross GST revenue for the month of August 2023 out of which CGST is Rs 28,328 crore, SGST is Rs 35,794 crore, IGST is Rs 83,251 crore (containing Rs 43,550 crore collected on goods import) and […]
Goods and Services Tax (GST) collections of Maharashtra have shown a significant growth constantly by 18% from April to July this year. It surpassed the national growth rate of 11-12%. The state clocked its highest GST collection at ₹33,196 crore ($4.6 billion) in April, reduced in May, but it has shown growth again for June […]
