GST

GST Collection Surges 10.3% in July 2024 to ₹1.82 Lakh Crore

GST Collection Surges 10.3% in July 2024 to ₹1.82 Lakh Crore

In July 2024, India’s Goods and Services Tax (GST) collections rose by 10.3% to ₹1,82,075 crore, marking a significant increase from ₹1,65,105 crore in July 2023. This uptick highlights strong domestic consumption and economic resilience. Key Figures and Trends July 2024 Collection: ₹1,82,075 crore, a 10.3% year-on-year increase. Year-to-Date 2024: Total GST collections stand at ₹7,38,894 crore, […]

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GST rules for casinos, e-games notified

GST rules for casinos, e-games notified

GST rules for casinos, e-games notified: The Ministry of Finance has recently issued a significant notification outlining amendments to the Goods and Services Tax (GST) rules pertaining to online gaming and casinos. These modifications are intended to address the taxation methods used by online gambling companies and casinos. Daily Current Affairs Quiz: September 2023 GST

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Union Budget 2023: GST collection at nearly Rs 1.56 lakh crore in January

Union Budget 2023: GST collection at nearly Rs 1.56 lakh crore in January

GST collection at nearly Rs 1.56 lakh crore in January: Nirmala Sitharaman, the finance minister, claims that the Goods and Services Tax (GST) collection increased significantly in January 2023, hitting more than Rs 1.55 lakh crore. This represents the second-highest mop-up for the GST collection in history and shows that the economy of the country

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Rs. 1,45,867 crore gross GST revenue collected for November 2022

Rs. 1,45,867 crore gross GST revenue collected for November 2022

Rs. 1,45,867 crore gross GST revenue collected for November 2022: Goods and Services Tax (GST) collections for the month of November 2022 stood at Rs 1,45,867 crore, according to the data shared by finance ministry. The revenue for the month of November are 11% higher than the GST revenue in the same month last year, which itself was Rs 1,31,526 crore. This

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GST revenue collection for July 2022 second highest ever at ₹1.49 lakh cror

GST revenue collection for July 2022 second highest ever at ₹1.49 lakh cror

The government has collected gross GST for July 2022 is ₹1,48,995 crore, which is the second highest collection ever since the introduction of the Goods and Services Tax. The July 2022 revenue is 28% higher than the revenues in the July 2021 of ₹1,16,393 crore. CGST is ₹25,751 crore, SGST is ₹32,807 crore, IGST is ₹79,518 crore (including ₹41,420 crore

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Ministerial meeting on GST rationalisation fails to reach agreement 

Ministerial meeting on GST rationalisation fails to reach agreement 

According to insiders, a group of state ministers working on GST rate rationalisation was unable to achieve an agreement because some members were opposed to modifications to tax slabs and rates. They stated that the Group of Ministers will provide a status report to the GST Council on the consensus reached at the Group of Minister’s previous meeting on November 20, 2021.

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Union minister Sitharaman inaugurates National Museum of Customs and GST

Union minister Sitharaman inaugurates National Museum of Customs and GST

Union Finance Minister Nirmala Sitharaman dedicated to the nation ‘Dharohar’, the National Museum of Customs and GST in Goa. Dharohar is one of its kind museum in the country that showcases not only the artefacts seized by Indian Customs across the country but also depicts basic Customs procedures for the knowledge of the general public. Finance Minister also launched a set

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