Gst Collections

Collections have stayed above Rs 1.8 lakh crore for nine straight months

GST rate rationalisation will result in tax buoyancy, bolster revenue: Revenue secretary

Shrivastava also said that tax rates for health-related items and 33 life-saving drugs and medicines have been cut from 12 percent to nil

Does the latest GST print indicate a continuing slowdown in the economy?

Sluggish growth in GST collections in recent times triggers concern of a delay in the much-expected economic turnaround

Festival spirit boosts October: Manufacturing rebounds, tax collections rise

Data released on November 4 showed that manufacturing rebounded in October to 57.5 from a nine-month low of 56.5 in September

GST collections rise 6.5% YoY to Rs 1.73 lakh crore in September

The government had collected Rs 1.62 lakh crore as GST in the same month last year

February GST collections at Rs 1.68 lakh crore, up 12.5% YoY

This is the 12th month in a row that the goods and services tax mop-up has come in above Rs 1.5 lakh crore

India aims to collect $1.7 billion from online gambling tax in FY25

The government in October imposed a 28% tax on funds that online gaming companies collect from their customers for every bet, shocking a nascent $1.5 billion industry that is backed by global investors. The government had defended the move, citing concerns about addiction.

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Budget 2024: Government on track to exceed GST collection target for FY24

Budget 2024: In November, the total Goods and Services Tax collection amounted to Rs 1.68 lakh crore, the ninth month in a row that the monthly mop-up exceeded Rs 1.5 lakh crore

GST collections in August up 11% YoY to Rs 1.6 lakh crore: Govt

The GST collections were Rs 1,43,612 crore in August 2022.

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Monthly GST collection above Rs 1.6 lakh crore is now standard: FM

The FM also noted that after implementation of GST, tax growth was 12.3 percent while GDP growth was 9 percent, resulting in high buoyancy.

Aggregate state GST collections growth to moderate to 12-14% in FY24: Crisil

However, despite the moderation in growth, the GST collections will continue to be the biggest driver of revenue growth for states, the agency's senior director Anuj Sethi said.

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GST collections in May cross Rs 1.57 lakh crore, up 12% YoY

This is the 15th month in a row that the monthly GST mop-up has come in above the Rs 1.4-lakh-crore mark

What are the macro data telling the markets?

While the macroeconomic data indicates that the likelihood of sidestepping recession has increased, the economic engine is not expected to run at full steam in the near future

Moneycontrol Selects: Top stories this evening

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Moneycontrol Daily: Your Essential 7

A daily round-up of the most interesting articles to help jump-start the day.

Moneycontrol Selects: Top stories this evening

Our specially curated package of the most interesting articles to help you stay at the top of your game.

Moneycontrol Selects: Top stories this evening

Our specially curated package of the most interesting articles to help you stay at the top of your game.

GST collections now averaging Rs 1.49 lakh crore on monthly basis: Revenue Secy Tarun Bajaj

Speaking on government's GST revenue, Bajaj added that close to about Rs 1.50 lakh crore GST collections on a monthly basis should be the run rate in the coming months

Revenue buoyancy masks GST fault lines

The Centre and states should shed their dilly-dallying attitudes and make good use of the GST Council meetings to provide a directional path for the country’s indirect tax system 

Gross GST mop-up in June rises 56% to second-best level in history at Rs 1.45 lakh crore

"Rs 1.40 lakh crore seems to be the rough bottom line. We're not going below that," Nirmala Sitharaman said.

GST rates on certain sin goods at a point where they can't be hiked anymore: CBIC Chairman

Sin taxes are levied on alcohol and tobacco but their efficacy has been debated. The Chairman also said that GST collections are expected to bring in Rs 1.3-1.35 lakh crore on a monthly basis in the current fiscal despite pressures on the customs and excise fronts.

Moneycontrol Pro Panorama | GST is flexing its muscles, will India Inc follow suit?

In today’s edition of Moneycontrol Pro Panorama: The big day for LIC, Jaishankar plays it hard, Yes Bank faces key test, lessons from power crisis and more