GST collection breaches ₹2-lakh-crore mark in April on strong domestic demand

[ad_1] Boosted by a strong increase in domestic demand, collection through Goods & Services Tax (GST) touched an all-time high of ₹2.10 lakh crore in April. This is the first time that collection has crossed ₹2 lakh crore since the...

GST collection in March surges to ₹1.78-lakh crore

[ad_1] Improved compliance coupled with a spur in economic activity pushed GST collection to ₹1.78-lakh crore in March, the Finance Ministry reported on Monday. It is 11.5 per cent higher than March 2023 collection number of ₹1.60-lakh crore.This is the...

Goods and services tax collection rises 11.5% to ₹1.78 lakh crore in March

[ad_1] GST collections in March grew 11.5 per cent to ₹1.78 lakh crore, buoyed by domestic transactions, the Finance Ministry said on Monday.The gross GST collection for the last fiscal (April 2023-March 2024) stood at ₹20.14 lakh crore, 11.7 per...

General elections likely to boost GST collection in April-June period

[ad_1] General elections are set to boost collection from Goods & Services Tax (GST) during first three months – April to June – of next fiscal year 2024-25 starting April 1. Impact of election was observed in 2019, first general...

GST mop-up surges 12.5% to ₹1.68-lakh crore on better consumption, compliance

[ad_1] Better consumption, improved compliance and good collection in majority of States helped mop-up from GST to ₹1.68-lakh crore in February. This is 12.5 per cent higher than February of 2023. However, there is no indication about rate rationalisation in...