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Karnataka has set a record by collecting net GST collection of Rs. 14,593 crore. Although Karnataka has secured second position after Maharashtra which has a total GST collection of Rs. 33,196 crores, the state has again surpassed Gujarat (Rs. 11,721) and Tamil Nadu (Rs. 11,559) and put them in third and fourth position respectively. Telangana […]
The GST revenue collection for the month of April 2023 stood the highest ever at Rs 1.87 lakh cr, Rs 19,495 crore which is exceeding the following highest collection of Rs. 1,67,540 lakh crore, in April 2022. In the month of April, the gross GST revenue collected 2023 is Rs 1,87,035 crore where CGST is […]
The Rajasthan government will hire 2,000 ‘Tax Mitra’ to ease the collection of Goods and Services Tax (GST) and Value Added Tax (VAT). 2,000 ‘Tax Mitra’ shall get hired by the government in order to ease the petitioner in the procedure of application of GST and VAT. The same shall build it simpler to deposit […]
Maharashtra continues to post the largest GST collection in the nation, making up about 15% of the overall total in 2022–2023. With a compound annual growth rate (CAGR) outpacing all other states between 2018-19 and 2022-2023, its GST fund is likewise expanding quickly. According to the most recent statistics, Maharashtra’s GST revenue for the fiscal […]
The amount of GST collected in India for the month of February increased 12% year on year to Rs 1.49 lakh crore. According to an official statement from the finance ministry, at Rs 11,931 crore, the cess collected by the centre last month was the highest since the introduction of the GST. From the total […]
The Center has been encouraged by the consulting and services industry to review the Goods and Services Tax (GST) collection regime. The service industry and consultants now pay their taxes as responsible professionals and businesses and are absolutely upset by the requirement to deposit GST on an accrual and due basis. According to K.K. Kapila, […]
According to Vivek Johri, the chairman of the Central Board of Indirect Taxes and Customs (CBIC), GST collection would be the “new normal” in FY24 and is anticipated to average approximately Rs 1.50 lakh crore per month. According to CBIC Chief Johri, the indirect tax collection target set for the upcoming fiscal year would be […]
Monthly GST revenues exceed Rs 1.4 lakh crore for 9 successive months in a row. Revenues from the import of goods were 20% higher and revenues from the domestic transaction (including import of services) were 8% more than the identical month last year. Rs 1,45,867 crore is the gross GST revenue collected in November 2022 […]
As per data released by the Finance Ministry on Tuesday, GST collections for October 2022 (for sales in September 2022) rose to Rs 1,51,718 crore, the second highest since the indirect tax regime was implemented in 1st July 2017. There were 1,51,718 crores of gross GST collected in October 2022, of which 26,039 crore was […]
