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Prime Minister Narendra Modi recently discussed a new Goods and Services Tax (GST) system in his Independence Day speech, highlighting that this new approach will focus on benefiting everyday consumers, especially those who are less fortunate, small businesses, the middle class, and farmers. As per sources, the new two-tier GST structure of 18% and 5% […]
The GST collection in Uttar Pradesh, following a slowdown in performance, has finally signalled recovery in July, attaining ₹9,760 crore, a 7% increase over the same month in the previous fiscal year (2023), as per the latest data released by the Goods and Services Tax Network (GSTN). It is the first time in the existing […]
To lower the Goods and Services Tax (GST) rate on employment services from 18 per cent to 5 per cent, the Indian Staffing Federation (ISF) has called on the finance ministry, claiming that the proceeds shall accelerate formal job creation and enhance competitiveness in major sectors. In a letter submitted to the minister of state […]
The draft of the Maharashtra Goods and Services Tax (Amendment) Bill, 2025, has been approved by the Maharashtra Cabinet and will be tabled in the upcoming session of the state legislature. To draw the GST of the state in line with recent changes made by the Central Government to the Central Goods and Services Tax […]
To bring more businesses under GST, the West Bengal Finance Department is initiating a one-year campaign during this financial year. To increase the total tax revenue collection through GST is the main objective, commercial tax officials claim. The GST collection in FY 2024-25 grew by only 2% points more than the national average. In FY […]
While keeping the recovery of ₹8,62,566 as ineligible CENVAT credit, the Patna High Court ruled that transitional credit cannot be availed for capital goods received after GST implementation. The Division Bench of the High Court, comprising Justices Rajeev Ranjan Prasad and Ramesh Chand Malviya, ruled that “The distinction in the matter of giving the benefit […]
At the end of the year, an indication of surged economic activity, e-way bill (EWB) generation rose to an all-time high of over 12 crore in March 2025, which specifies an influential 20% rise compared to the previous month. This marks the highest number of e-way bills issued in a single month since the system’s […]
The collection of Goods and Services Tax (GST) in the city last month shows a rise of 1% against the gross levy collected during the related period last year. New: The Ministry of Finance reported that Chandigarh collected ₹ 241 crore in GST revenue for March this year, which is ₹ 3 crore more than […]
In March 2025, India’s goods and services tax revenue grew by 9.9% year-on-year to Rs 1.96 lakh crore. March 2025 GST collection saw Rs. 38,100 crore collected as Central GST, alongside Rs. 49,900 crore as State GST. Integrated GST generated Rs. 95,900 crore, and GST Cess contributed Rs 12,300 crore. March saw net GST collections […]
