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GST collection hits six-month high at Rs 1.87 lakh crore, up 8.9% in Oct

Nov 01, 2024, at 11:39 pm

New Delhi/IBNS: Goods and Services Tax (GST) collections reached a six-month peak of Rs 1.87 lakh crore in October, surpassing the Rs 1.7 lakh crore mark for the eighth straight month, according to data released on Friday (Nov. 1).

'Rationalise and simplify': IMF's Gita Gopinath gives tips to increase GST revenue

Aug 18, 2024, at 07:13 am

New Delhi: Emphasising that structural reforms should be continuous, Deputy Managing Director of the International Monetary Fund (IMF) Gita Gopinath said that India should continue to rationalise and simplify its Goods and Services Tax (GST) system to boost revenue, media reports said.

April GST collection hits record high at Rs 2.1 lakh crore, up 12.4% y-o-y

May 02, 2024, at 03:00 am

New Delhi: India saw a record high in Goods and Services Tax (GST) revenue for April 2024, a 12.4 percent y-o-y increase, hitting a historic peak of Rs 2.1 lakh crore in gross terms, the Finance Ministry said on Wednesday.

Key indicators point to economic resilience coupled with macroeconomic stability at end of FY 2023-24, says NCAER's March review

Mar 31, 2024, at 11:07 pm

Key markers point to the Indian economy remaining buoyant at the end of FY 2023-24 with Purchasing Manager’s Index (PMI) for manufacturing increasing and that of services maintaining a robust trend, according the Monthly Economic Review for March, released by the National Council of Applied Economic Research (NCAER) on Sunday.

January GST collection grows 4.4% to Rs 1.72 lakh cr

Feb 01, 2024, at 05:52 am

New Delhi: The government's Goods and Services Tax (GST) collections surged to Rs 1.72 lakh crore in January, according to the provisional data released by the Ministry of Finance on Wednesday.

GST collection surges 15% YoY to Rs 1.68 trillion in November

Dec 02, 2023, at 06:18 am

New Delhi: Highlighting the ongoing robust activity in the Indian economy, the collection of goods and services tax (GST) witnessed a substantial 15% year-on-year surge in November.

October GST collection tops Rs 1.72 lakh crore

Nov 01, 2023, at 10:13 pm

On the back of economic activities and anti evasion measures by the government, the Goods and Services Tax (GST) mop-up topped Rs 1.72 lakh crore in the month of October 2023 recording 13% year-on-year growth.

GST collection moves up 11 pct in August

Sep 01, 2023, at 11:06 pm

Goods and services tax (GST) collection rose 11% year-on-year (YoY) to Rs 1,59,069 crore in August 2023, according to data released by Finance Ministry on Friday.

July GST collection grows 11% YoY to Rs 1,65,105 crore

Aug 02, 2023, at 04:46 am

New Delhi: The gross GST revenue collected in July stood at Rs 1,65,105 crore, up 11% higher than the GST revenues in the same month last year, the Ministry of Finance said on Tuesday.

Monthly avg gross GST collection for FY22 & FY23 grew 30% and 22% Y-o-Y respectively

Aug 01, 2023, at 05:56 am

New Delhi: The monthly average gross GST collection for the FYs 2021-22 & 2022-23 have shown 30% and 22% year-on-year growth respectively.

May GST collection grows 12% YoY to Rs 1,57,090 cr

Jun 02, 2023, at 03:20 am

New Delhi: The gross Goods & Services Tax (GST) revenue collected in the month of May stood at Rs 1,57,090 crore, the finance ministry said on Thursday.

Sept GST collection rises to Rs 1.52 lakh cr

Nov 02, 2022, at 04:04 am

India's GST collection rose to Rs 1.52 lakh crore in Goods and Services Tax (GST) in September, the second-highest ever collection, according to the finance ministry said on November 1.

Gross Direct Tax collections for Financial Year 2022-23 register a growth of 30 pct

Sep 19, 2022, at 01:01 am

New Delhi: Gross Direct Tax collection moved up by 30 percent to stand at Rs. 8,36,225 till Sept 17, as per data released on Sunday.

June GST collection jumps 56 pc YoY to Rs 1,44,616 cr

Jul 02, 2022, at 03:51 am

New Delhi: India's GST collection in June jumped 56 percent on an annual basis to Rs 1.45 lakh crore compared to Rs 1.4 lakh crore in May, Finance Minister Nirmala Sitharaman said Friday.

GST collection in March touches all-time high figure of Rs 1.42 lakh crore

Apr 01, 2022, at 09:59 pm

New Delhi: On the back of strong rebound in economic activities and anti-evasion drive, goods and services tax (GST) collection reached all-time high to Rs 1.42 lakh crore in March, 2022.

India collects Rs 1,33,026 crore gross GST revenue in February

Mar 01, 2022, at 11:24 pm

New Delhi: The Indian government's goods and service tax revenue collection for the month of January stood at Rs 1,33,026 crore, as per data released by the Ministry of Finance on Tuesday.

GST collection crosses Rs 1.30 lakh cr mark for 4th time since its roll-out: Finance Ministry

Feb 01, 2022, at 02:00 am

The GST (Goods and Services Tax) collection for the month of January stands at   Rs 1,38,394 crore, as per data released by the government on Monday.

GST collection for June drops to Rs. 92849 crore

Jul 06, 2021, at 10:49 pm

New Delhi: The gross GST revenue collected in the month of June’ 2021 is Rs. 92,849 crore of which CGST is Rs. 16,424 crore, SGST is Rs. 20,397, IGST is Rs. 49,079 crore (including Rs. 25,762 crore collected on import of goods) and Cess is Rs. 6,949 crore (including Rs. 809 crore collected on import of goods).

GST Revenue collection for December 2020 touches all time high figure of Rs. 1,15,174 crore

Jan 01, 2021, at 09:09 pm

New Delhi: The gross GST revenue collected in the month of December 2020 is Rs. 1,15,174 crore.

GST collection for March 2020 stands at Rs 97,597 crore

Apr 01, 2020, at 07:09 pm

New Delhi/IBNS: The gross GST revenue collected in the month of March, 2020 is Rs. 97,597crore of which CGST is Rs. 19,183 crore, SGST is Rs. 25,601 crore, IGST is Rs. 44,508 crore (including Rs. 18,056 crore collected on imports) and Cess is Rs. 8,306 crore (including Rs. 841 crore collected on imports), the government said in a statement today. 

GST collections up by 8 percent in February

Mar 02, 2020, at 07:44 am

New Delhi/IBNS: The Indian government on Sunday said it collected Rs.  1.05 lakh crore as GST revenue in February  this year, official data released showed.

GST collection touches Rs. 1,10,828 crore in January

Feb 01, 2020, at 03:20 pm

New Delhi/IBNS:  The gross Goods and Services Tax (GST) collection for the month of January touched Rs. 1,10,828 crore, officials said on Saturday.

GST collection touches Rs 95,380 crore in October

Nov 01, 2019, at 05:09 pm

New Delhi/IBNS: The goods and service tax (GST) collection for the month of October stood at Rs. 95,380 crore, official data released on Friday said.

GST collection in August up by 4.51 percent at Rs. 98,202 crore

Sep 02, 2019, at 08:39 am

New Delhi, Sept 2 (IBNS): The gross goods and services tax (GST) collection for the month of August stood at Rs. 98,202 crore, up by 4.51 percent, from the same period last month, official data released on Sunday said.

GST collection in April touches Rs 1.13 lakh crore

May 01, 2019, at 04:03 pm

New Delhi, May 1 (IBNS): The Indian government on Wednesday said the  Goods and Services Tax (GST) collection for the month of April stood at an all-time high figure of over Rs 1.13 lakh crore.

GST collection drops to Rs.97,247 crore in February

Mar 01, 2019, at 07:56 pm

New Delhi, Mar 1 (IBNS): GST collection for the month of  February dropped to touch  Rs. 97,247 crore, officials said on Friday.  

Centre collects Rs. 97,637 crore as GST revenue

Dec 01, 2018, at 06:07 pm

New Delhi, Dec 1 (IBNS): The total gross GST revenue collected in the month of November, 2018 is Rs. 97,637 crore of which CGST is Rs. 16,812 crore, SGST is Rs. 23,070 crore, IGST is Rs. 49,726 crore (including Rs. 24,133crore collected on imports) and Cess is Rs. 8,031 crore(including Rs. 842crore collected on imports).

GST collection for January stood at Rs. 86,318 crore

Feb 28, 2018, at 02:16 am

New Delhi, Feb 27 (IBNS):  The Indian government on Tuesday said it has collected a total revenue under GST for the month of January, till Feb 25 at Rs 86,318 crore.