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GST collections for May at Rs 1.4 lakh cr, up 44% YoY

GST collections for May at Rs 1.4 lakh cr, up 44% YoY

🕔15:11, 1.Jun 2022

The gross revenue from Goods and Service Tax (GST) in the month of May came in at Rs 140,885 crore, data showed on Wednesday. New Delhi, June 1 (IANS) The gross revenue from Goods and Service Tax (GST) in the month

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Centre clears entire GST compensation payable to states till date

Centre clears entire GST compensation payable to states till date

🕔19:16, 31.May 2022

The Centre has cleared the entire amount of Goods and Service Tax (GST) compensation payable to states up to May 31, by releasing an amount of Rs 86,912 crore, an official statement said on Tuesday. New Delhi, May 31 (IANS) The

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GST collection touches all-time high in April at Rs 1.68 lakh cr

GST collection touches all-time high in April at Rs 1.68 lakh cr

🕔19:33, 1.May 2022

New Delhi, May 1 (IANS) The monthly collection under the Goods and Services Tax (GST) has touched a record high of Rs 1.68 lakh crore in April 2022, data showed. The gross GST collection has crossed the Rs 1.5 lakh crore-mark

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Net direct tax collection reaches highest-ever figure in FY 22

Net direct tax collection reaches highest-ever figure in FY 22

🕔21:44, 26.Apr 2022

The net direct tax collections (income tax and corporate tax) reached an all time high of Rs 14.09 lakh crore in financial year 2021-22 against Rs 9.45 lakh crore collections in FY 2020-21, CBDT Chairman J.B. Mohapatra said on Tuesday.

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FY22 tax collection exceeds budgetary estimate, rises to over Rs 27 lakh cr

FY22 tax collection exceeds budgetary estimate, rises to over Rs 27 lakh cr

🕔07:25, 9.Apr 2022

Accelerated economic recovery along with enhanced compliance pushed India’s FY22 tax collection to Rs 27.07 lakh crore, almost Rs 5 lakh crore above the Union budget’s estimate of Rs 22.17 lakh crore. New Delhi, April 9 (IANS) Accelerated economic recovery along

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GST Council did not recommend reducing GST on health insurance: FM

GST Council did not recommend reducing GST on health insurance: FM

🕔16:35, 5.Apr 2022

New Delhi, April 4 (IANS) The GST Council has not recommended reduction of the 18 per cent GST rate on health insurance schemes, Finance Minister Nirmala Sitharaman told the Parliament on Monday. At present, GST on health insurance services is levied

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Odisha registers 49% growth in gross GST collection in 2021-22

Odisha registers 49% growth in gross GST collection in 2021-22

🕔07:24, 4.Apr 2022

The gross GST collection in Odisha has recorded a 49 per cent growth during the financial year 2021-22 against the collection made during the previous financial year (2020-21), officials said here on Saturday. Bhubaneswar, April 4 (IANS) The gross GST collection

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March GST collection at record high of over Rs 1.42 lakh crore

March GST collection at record high of over Rs 1.42 lakh crore

🕔08:29, 2.Apr 2022

New Delhi, April 2 (IANS) India’s GST collection touched a record high in March 2022 at Rs 1,42,095 crore, official data showed on Friday. The previous record high stood at Rs 1,40,986 crore collected in January 2022. On a year-on-year basis,

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Don’t politicise GST council, says FM Sitharaman

Don’t politicise GST council, says FM Sitharaman

🕔16:00, 15.Mar 2022

Union Finance Minister Nirmala Sitharaman on Tuesday said that the GST Council should not be politicised as it is a body in which every finance minister from every state sits in and decides on how the disbursements happen. New Delhi,

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Centre invites applications for drone PLI scheme

Centre invites applications for drone PLI scheme

🕔07:04, 11.Mar 2022

New Delhi, March 11 (IANS) The Central government on Thursday invited applications from the drone industry for the sector’s production linked incentive (PLI) scheme. The total incentive in the scheme is Rs 120 crore spread over three financial years, and the

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Feb GST collection rises 18% YoY to over Rs 1.33 lakh cr

Feb GST collection rises 18% YoY to over Rs 1.33 lakh cr

🕔15:45, 1.Mar 2022

New Delhi, March 1 (IANS) India’s GST collection rose 18 per cent in February 2022 on a year-on-year basis to Rs 133,026 crore, official data showed on Tuesday. However, on sequential basis, last month’s collections were slightly lower than those of

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‘Reduce GST as beedis exported to Europe, Gulf and US’

‘Reduce GST as beedis exported to Europe, Gulf and US’

🕔16:04, 23.Feb 2022

Chennai, Feb 23 (IANS) Indian beedis are being exported to various countries, said officials at a panel discussion and therefore on the need to reduce the Goods and Services Tax (GST) tax rate on the product from 28 per cent. Industry

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CAIT urges Centre to withdraw 12% GST rate on textiles

CAIT urges Centre to withdraw 12% GST rate on textiles

🕔07:21, 11.Feb 2022

New Delhi, Feb 11 (IANS) The Confederation of All India Traders on Thursday urged Union Finance Minister Nirmala Sitharaman to withdraw the proposed GST tax on textiles. In the GST Council meeting in late 2021, it was unanimously decided to defer

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Odisha records 27.35% growth in gross GST collection in Jan

Odisha records 27.35% growth in gross GST collection in Jan

🕔07:22, 4.Feb 2022

Bhubaneswar, Feb 4 (IANS) Odisha recorded a 27.35 per cent growth in gross GST collection in January 2022 as compared to the same month of 2021, officials said here on Thursday. The state collected Rs 3,995.40 crore last month as against

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GST hike deferment, PLI make textile stocks’ attractive, several Cos shares double

GST hike deferment, PLI make textile stocks’ attractive, several Cos shares double

🕔18:00, 18.Jan 2022

New Delhi, Jan 18 (IANS) Shares in textile business have witnessed a consistent uptick in the recent months due to various policy measures and on hopes of a firm outlook for the sector going ahead. Besides, the GST council’s recent move

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Dec YoY GST collection rises 13% to over Rs 1.29 lakh crore

Dec YoY GST collection rises 13% to over Rs 1.29 lakh crore

🕔19:28, 1.Jan 2022

New Delhi, Jan 1 (IANS) India’s GST collection rose 13 per cent in December 2021 on a year-on-year basis to Rs 1,29,780 crore. However, December’s collections declined on a sequential basis from Rs 1,31,526 crore reported for November. “The revenues for

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The Government has lowered Goods and Services Tax rate to 5% from 18% on ethanol meant for blending under the Ethanol Blended Petrol (EBP) Programme

The Government has lowered Goods and Services Tax rate to 5% from 18% on ethanol meant for blending under the Ethanol Blended Petrol (EBP) Programme

🕔16:49, 16.Dec 2021

New Delhi, Dec 16: The Minister of State for Petroleum and Natural Gas, Rameswar Teli in a written reply to a question in the Lok Sabha today informed that in order to promote ethanol blending, the Government has lowered Goods

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Odisha records 64% growth in GST collection in Nov

Odisha records 64% growth in GST collection in Nov

🕔07:37, 3.Dec 2021

Bhubaneswar, Dec 3 (IANS) Odisha has recorded 64 per cent growth in GST collection in November compared to the same month of the last fiscal, officials said on Thursday. The state has collected GST of Rs 4,136 crore last month as

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Nov GST collection rises to over Rs 1.31 lakh Cr

Nov GST collection rises to over Rs 1.31 lakh Cr

🕔17:17, 1.Dec 2021

New Delhi, Dec 1 (IANS) India’s GST collection rose on both sequential and year-on-year basis in November. Accordingly, the gross GST collection rose to Rs 1,31,526 crore last month. This was the second straight month when the gross GST collection crossed

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CGST officials unearth Rs 34 cr input tax credit fraud involving 7 firms

CGST officials unearth Rs 34 cr input tax credit fraud involving 7 firms

🕔07:16, 15.Nov 2021

New Delhi, Nov 15 (IANS) Based upon specific intelligence, officers of the Anti Evasion Branch of Central Goods and Service Tax (CGST) Commissionerate, Delhi (East) have unearthed a case of availment/utilisation and passing on of inadmissible input tax credit (ITC), through

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