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New Delhi: Despite rate rationalisation, the Goods and Services Tax (GST) collections rose 4.6 per cent (year-on-year) in the festive month of October at about Rs 1.96 lakh crore, the official data showed on Saturday. October also made it the 10th consecutive month that revenues remained above the Rs 1.8 lakh crore mark. According to…
New Delhi21 minutes ago copy link Now GST registration for small and low risk businesses will be available in just 3 business days. The central government has launched a new GST registration scheme for small and medium traders from today (November 1). The benefit of the new scheme will be available to those traders whose…
New Delhi: India’s goods and services tax (GST) collections rose 7.3 per cent to Rs 1.77 lakh crore in December compared to Rs 1.65 lakh crore in the same month a year ago, according to the government data released on Wednesday. The Central GST collection stood at Rs 32,836 crore, State GST at Rs 40,499…
Last Updated:December 01, 2024, 6:47 PM IST GST Collection November 2024: According to the government data, GST collection rose by 8.5% to Rs 1.82 lakh crore in November. The Central GST collection stood at Rs 34,141 crore, State GST at Rs 43,047 crore, Integrated IGST at Rs 91,828 crore and cess at Rs 13,253 crore…
New Delhi: Centre’s fiscal deficit at the end of the first seven months (April-October) of the current financial year works out to 46.5 per cent of the full-year target, official data released on Friday showed. This reflects a strong macroeconomic financial position with the government sticking to the fiscal consolidation path. The government aims to…
New Delhi: Electronic toll collection in the country soared to a record Rs 6,114.92 crore in October this year as economic activity surged during the festive month, according to the latest figures compiled by the government. The collection is the highest ever in a month since the compiling of electronic toll data started in 2021…
New Delhi: Goods and services tax (GST) revenue growth rate declined to 6.5 per cent in September at Rs 1.73 lakh crore as the rise in collections from domestic transactions as well as imports slowed. However, with the festival season ahead, collections are expected to be better in the coming months, tax experts said. According…
New Delhi2 minutes ago copy link The government has raised Rs 1.73 lakh crore from Goods and Services Tax, i.e. GST, in September 2024. There has been an increase of 6.5% on annual basis. The government had collected Rs 1.62 lakh crore GST in September last year. Last month in August, the government had collected…
New Delhi: Goods and Services Tax (GST) is one of the major economic reforms in the last decade in India which replaced the Value Added Tax (VAT) system. It paved the way for economic growth, lower logistics costs, and ease of doing for the business. Now the Union government is focusing on GST 2.0 which…