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Generation of e-way bills, which are required to ship goods all over the states, the GST collections this month can be lesser than the former month’s record high. The information from GSTN notify that the company that used to process the GST returns, mentioned that 75.2 million e-way bills were generated in April, less than […]
Effective use of the new technology and tight compliances on the ITC by taxmen is not only assisted you to ensure the increased compliance but indeed results in a constant rise in the GST collections on a month-on-month (MoM) grounds. As per CBIC on the scrutiny of returns and the reduction in the e-invoicing limit […]
Recently the GST revenue has been collected for March 2022 month with a superb collection of INR 1,42,095 crores under which CGST is ₹ 25,830 crore, SGST is ₹ 32,378 crore, IGST is ₹ 74,470 crore (including ₹ 39,131 crores collected on import of goods) while the amount of cess is around INR 9417 crores […]
Goods and services tax (GST) collections in FY23 upon the grounds can arrive at an average of Rs 1.35 trillion a month, with respect to a nearly 1.2 trillion budget, as per the official sources. The same pointed out that the gross collections in the year would be Rs 1.8 trillion exceeding the estimated. Provided […]
GST collection crossed Rs 1.30 lakh crore mark for the 5th time. Revenues in Feb 2022 18% is more than the GST revenues in the similar month last year and 26% more than the GST revenues in Feb 2020 Rs 1,33,026 crore is the gross GST revenue obtained in Feb 2022 where the CGST stands […]
The number of e-way bills made for the interstate trade in the goods beneath the GST framework lies at 23.59 lakh a day in the first 13 days of February, 14% more than the first 16 days of the former month showing a pick up in commerce post to the spread of the Omicron variant. […]
The central board of indirect taxes and customs CBIC is set to increase the scrutiny and departmental audits of the risky assessee to rectify the GST collections through the help of information and technology so as to provide the assurance that the decisions are transparent that the council opts. Towards the subject of union government […]
Recently the government had found the GST collection to top the all-time high with a considerable high in the collection compared to other states as well as the previous time duration. The 4 states and one union territory under the list have been ranked on most GST collection earning regions. Let us check-in details how […]
GST collection in November 2021 has been topping the charts since the implementation of GST as there is 25% growth from the same month last year and 27% higher than 2019-20. The GST revenue (gross) collected in the month of Nov 2021 is INR 1,31,526 crore and dividing it has CGST at INR 23,978 crore, […]
