Tag: Gst Collections

The Rs 1.5 lakh crore mark has been crossed for the second time since the inception of GST, official sources said.

Goods and Services Tax (GST) collections in June, 2021 stood at Rs 92,800 crore.

The gross GST collection during the last month is also the highest in a month since inception of GST, claimed the state GST officials.

In October 2021, the revenues were Rs 1,30,127 crore, while in April 2021, it was the highest at over Rs 1.41 lakh crore.

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.

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

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 […]

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 […]

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 […]

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 […]