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Direct tax collections rise 24% year-on-year to Rs 14.71 lakh crore

Direct tax collections rise 24% year-on-year to Rs 14.71 lakh crore

🕔05:30, 12.Jan 2023

New Delhi, Jan 12 (IANS) Direct tax collections stood at Rs 14.71 lakh crore till January 10, 24.58 per cent higher than the corresponding period of last year. Direct tax collection, net of refunds, stood at Rs 12.31 lakh crore which

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Dec 2022 GST collections stand at Rs 1,49,507 crore: Govt

Dec 2022 GST collections stand at Rs 1,49,507 crore: Govt

🕔19:43, 1.Jan 2023

New Delhi, Jan 1 (IANS) The GST collections for December 2022 stood at Rs 1,49,507 crore — 2.5 per cent more than Rs 1,45,867 crore collected in November 2022, according to figures released by the Finance Ministry on Sunday. However, on

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Gross direct tax collections up by 30% at Rs 10,93,385 cr in current fiscal

Gross direct tax collections up by 30% at Rs 10,93,385 cr in current fiscal

🕔07:07, 27.Dec 2022

New Delhi, Dec 27 (IANS) Gross direct tax collections for 2022-23 (up to November 30) are up by 29.66 per cent at Rs 10,93,385 crore, which was over Rs 8,43,301 crore collected during the corresponding period of last year. The growth

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Ludhiana division tops GST collection in Punjab

Ludhiana division tops GST collection in Punjab

🕔07:07, 26.Dec 2022

Chandigarh, Dec 26 (IANS) Maintaining its top position in the collection of Goods and Services Tax (GST) in Punjab, the Ludhiana division leads in both collection and growth rate in the first eight months of this fiscal, the government said on

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No tax increase on any item; GST on biofuel down to 5% from 18%

No tax increase on any item; GST on biofuel down to 5% from 18%

🕔09:40, 18.Dec 2022

New Delhi, Dec 18 (IANS) No tax increase on any item was decided at the GST Council meeting on Saturday. Meanwhile, the Council recommended reducing GST on biofuel from 18 per cent to 5 per cent. The GST Council has made

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GST Council recommends to decriminalise certain offences

GST Council recommends to decriminalise certain offences

🕔17:19, 17.Dec 2022

New Delhi, Dec 17 (IANS) The GST Council on Saturday recommended decriminalising certain offences and doubled the threshold for launching prosecution from Rs one crore to Rs two crore, except for the offence of issuance of invoices without supply of goods

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GST Council to allow e-commerce for unregistered vendors

GST Council to allow e-commerce for unregistered vendors

🕔17:15, 17.Dec 2022

New Delhi, Dec 17 (IANS) The GST Council approved the amendments in the GST Act and GST Rules for allowing unregistered suppliers and composition taxpayers to make intra-state supply of goods through E-Commerce Operators (ECOs), subject to certain conditions. Appreciating wholeheartedly

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Centre committed to paying GST compensation, says Finance Minister

Centre committed to paying GST compensation, says Finance Minister

🕔07:18, 13.Dec 2022

New Delhi, Dec 13 (IANS) Finance Minister Nirmala Sitharaman on Monday assured the Parliament that the government is committed to paying GST compensation to states. Replying to a slew of questions by MPs cutting across party lines during Question Hour in

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GST collections in line with expectations, say economists

GST collections in line with expectations, say economists

🕔14:28, 2.Dec 2022

New Delhi, Dec 2 (IANS) GST collections for November 2022 showed a dip as they stood at Rs 1.46 lakh crore, down by 3.9 per cent compared to Rs 1.52 lakh crore collected in October 2022. However, compared to the collections

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GST collections stood at Rs 1,45,867 cr in Nov, 11% rise year-on-year

GST collections stood at Rs 1,45,867 cr in Nov, 11% rise year-on-year

🕔18:09, 1.Dec 2022

New Delhi, Dec 1 (IANS) GST collections for November stood at Rs 1,45,867 crore, which were up by 11 per cent year-on-year, according to data released by the Finance Ministry on Thursday. Monthly GST revenues have been more than Rs 1.4

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Tax collections to cross budget estimates in current fiscal, says government

Tax collections to cross budget estimates in current fiscal, says government

🕔11:11, 24.Nov 2022

New Delhi, Nov 24 (IANS) Domestic tax collections will exceed the budget estimate by nearly Rs 4 lakh crore in the current fiscal owing to higher income tax, customs duty, and GST collections, the government said on Wednesday. Revenue Secretary Tarun

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Petrol and diesel can come under GST if all states agree: Hardeep Puri

Petrol and diesel can come under GST if all states agree: Hardeep Puri

🕔10:45, 15.Nov 2022

New Delhi, Nov 15 (IANS) Petroleum Minister Hardeep Puri on Monday said that if states are ready, then the Centre can bring petrol and diesel under the GST regime. Puri, who was in Srinagar, told media persons that for bringing petrol

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Odisha records 5% growth in gross GST collection in Oct

Odisha records 5% growth in gross GST collection in Oct

🕔20:44, 2.Nov 2022

Bhubaneswar, Nov 2 (IANS) Odisha has recorded a growth of 5 per cent in collection of gross Goods and Services Tax (GST) during the month of October 2022 against the collection in October 2021. According to official data released by the

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₹1,51,718 crore gross GST revenue collected for October 2022

₹1,51,718 crore gross GST revenue collected for October 2022

🕔12:56, 1.Nov 2022

Second highest collection ever with, next only to the collection in April 2022 Monthly GST revenues more than ₹1.4 lakh crore for eight months in a row, with ₹1.5 lakh crore crossed for the 2nd time since inception of GST

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GST panel extends deadline for filing GSTR-3B return till today

GST panel extends deadline for filing GSTR-3B return till today

🕔18:38, 21.Oct 2022

New Delhi, Oct 21 (IANS) The GST Implementation Committee of the GST Council has extended the due date of filing GSTR-3B return for the month of September for monthly filers by a day. The earlier due date was October 20, which

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Direct tax collection grows 23.8% to Rs 8.98 lakh cr till Oct 8

Direct tax collection grows 23.8% to Rs 8.98 lakh cr till Oct 8

🕔13:23, 9.Oct 2022

New Delhi, Oct 9 (IANS) Direct Tax collection up to October 8 stood at Rs 8.98 lakh crore, which is 23.8 per cent higher than the gross collection for the corresponding period of last year. Direct tax collection, net of refunds,

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Record Rs 1,47,686cr gross GST revenue collected in Sep

Record Rs 1,47,686cr gross GST revenue collected in Sep

🕔17:18, 1.Oct 2022

New Delhi, Oct 1 (IANS) The gross GST revenue collected in the month of September 2022 is Rs 1,47,686 crore which is nearly 26 per cent higher than the GST revenue in the same month last year. As per the Ministry

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Oct 1 deadline for compulsory e-invoice generation nears for firms with Rs 10 cr turnover

Oct 1 deadline for compulsory e-invoice generation nears for firms with Rs 10 cr turnover

🕔17:28, 26.Sep 2022

New Delhi, Sep 26 (IANS) Businesses having aggregate annual turnover of Rs 10 crore and more will have to compulsorily generate e-invoices for business-to-business (B2B) transactions from October 1 onwards, according to the Finance Ministry. As of now, businesses with turnover

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Odisha registers 17% growth in gross GST collection in Aug

Odisha registers 17% growth in gross GST collection in Aug

🕔07:15, 3.Sep 2022

Bhubaneswar, Sep 3 (IANS) The gross GST collection in Odisha has recorded 17.11 per cent growth in August 2022 against the collection made during August last year, officials said here on Friday. According to the data shared by the office of

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GST collection rises 28% in August: Here’s what experts say

GST collection rises 28% in August: Here’s what experts say

🕔17:46, 1.Sep 2022

Mumbai, Sep 1 (IANS) Goods and Services Tax (GST) collection in August rose 28 per cent to Rs 1.43 lakh crore, with monthly GST revenue remaining more than Rs 1.4 lakh crore for six months in a row, the Finance Ministry

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