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Tag: Gst Collections

Odisha Records 40 Pc Jump In Gross September GST Collection; Highest In India
Odisha Records 40 Pc Jump In Gross September GST Collection; Highest In India

As per official sources, the GST collection of Rs 3325.94 crore was recorded in September this year against the collection of Rs. 2383.99 crore during September 2020. The State has registered a growth of 40 percent and it is the highest amongst all major states in India.

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GST Council extends levy of compensation cess till March 2026

To enable the Centre to repay the loans, including principal and interest taken to compensate states for GST collection shortfall, the GST Council has agreed to levy compensation cess for an extended period up to March 2026

Odisha Records 20% GST Collection Growth In 2020
GST Collections At Record High Of Rs 1.23 Lakh Cr In March

New Delhi: GST collections in March touched a record high of over Rs 1.23 lakh crore, a 27 per cent growth over the year-ago period, the Finance Ministry said on Thursday. “GST revenues crossed above Rs 1 lakh crore mark at a stretch for the last six months and a steep increasing trend over this […]

GST Collections May Cross Rs 1 Lakh Cr Mark In Oct For First Time In FY21
GST Collections May Cross Rs 1 Lakh Cr Mark In Oct For First Time In FY21

New Delhi: In a sign that economic revival is getting more pronounced in the unlock phases, country’s goods and service tax (GST) collections set to cross the Rs 1 lakh crore mark for the first time during this financial in October. Sources in the government indicated that collections during October looked healthy as the number […]

GST
GST collections dip below Rs 1 lakh crore to Rs 98,202 cr in August

New Delhi: In an apparent sign of economic slowdown, India’s GST collections in August dropped to Rs 98,202 crore from over Rs 1.02 lakh crore in the previous month, the finance ministry said on Sunday. However, total Goods and Services Tax (GST) mop-up for August this year was 4.5 per cent higher than the Rs […]

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GST collections fall to Rs. 94,726 crore in December

New Delhi: Revenue collection under the Goods and Services Tax (GST) fell for the second straight month to Rs. 94,726 crore in December from Rs. 97,637 crore collected in November despite a rise in the number of tax returns filed. The Finance Ministry on Tuesday said a total of 72.44 lakh GSTR-3B returns were filed […]