The government has collected Rs 1,40,885 lakh crore Goods and Services Tax (GST) revenue for the month of May 2022. The numbers have been surged 44% as against Rs 97,821 during the corresponding period of preceding fiscal year. GST revenues has been recorded lower than the record high collection in April at Rs 1.68 lakh crore. In March GST […]
Govt collects Rs 1.41 lakh crore GST in May 2022 Read More »
As per the data released by the Ministry of Finance, the gross GST (Goods and Services Tax) revenue collected in December 2021. The gross GST(Goods and Services Tax) revenue collected in December 2021 stood at ₹1,29,780 crore, which is slightly lower than the revenue collected in November. The revenues collected in December 2021 is 13 percent higher than
GST Collection in December 2021 stands at over Rs 1.29 crore: FinMin Read More »
The gross GST revenue collected in the month of November 2021 is Rs 1,31,526 crore of which CGST is Rs 23,978 crore, SGST is Rs 31,127 crore, IGST is Rs 66,815 crore (including Rs 32,165 crore collected on import of goods) and Cess is Rs 9,606 crore (including Rs 653 crore collected on import of
The government collected Rs 1.31 lakh crores as GST for November Read More »
The gross GST revenue collected in the month of September was ₹1.17 lakh rupees, which included a CGST component of 20,578 crores, SGST is 26,767 crore, and IGST component of 60,911 crore rupees. The revenue for September was 23% higher than the GST revenues in the same month last year. During the month, revenue from import of goods was 30% higher and the revenues from
GST collection for September crosses ₹1.17 lakh crore Read More »
The central government has formed a 7-member group of ministers (GoM) for proposing a rationalization of tax rates and considering the merger of different tax slabs under GST. It will be headed by the Chief Minister of Karnataka Basavaraj S. Bommai. The government has formed one more GoM which will look at tapping IT tools to minimize tax
Govt sets up GoM to rationalise GST rates Read More »
The Goods and Service Tax collections for the month of August clocked more than 1 lakh crore but were lower than the collections of July. Background GST is an indirect tax in which business and service collect taxes from people and transfer it to the government. Details The second continuous collection exceeding 1 lakh crore
GST revenue collection data Read More »
The Goods and Services Tax (GST) was marked a major shift from the traditional production-linked tax to a consumption-based tax. The Centre and the states are in a tussle over delayed compensation payments under GST. Daily Current Affairs Quiz 2020 Key-Point As per the GST (Compensation to States) Act, 2017, states are guaranteed compensation for
Breaking down of Goods and Services Tax (GST) Read More »
Gross GST collection grows 5.8% to Rs 1.02 lakh crore in July, marginally up from the previous month, official data showed. Daily Current Affairs Quiz 2019 Revenue collection from the Goods and Services Tax (GST) had slipped below the Rs 1 lakh crore mark for the first time in the current fiscal in June at
GST collection grows 5.8% to Rs 1.02 lakh crore in July Read More »
