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GST collection News
Union Budget 2023: CBDT and CBIC chairman on Income Tax Slabs and GST collection
Thu, Feb 02, 2023
Nitin Gupta, Chairperson, CBDT and Vivek Johri Chairman, CBIC talks about the changes in the tax slabs, how the restructuring of tax regimes can benefit the masses, and the impact of inflation on GST collection.
GST Collection October 2022: 2nd highest ever! Check CGST, SGCT, IGST, Cess details; state-wise revenue data
Tue, Nov 01, 2022
Gross GST Revenue Collection October 2022: The revenue for October 2022 is second highest monthly collection, next only to the collection in April 2022 and it is for the second time the gross GST collection has crossed Rs. 1.50 lakh crore mark.
GST collection in September surpasses Rs 1.4 lakh crore for straight seventh time
Sat, Oct 01, 2022
For the record seventh time, the country's gross GST revenue collection surpassed 1.4 lakh crore. In the month of September, the government collected Rs 1,47,686 crore gross GST revenue.
June GST collection at Rs 1.44 lakh crore; 2nd highest since implementation
Fri, Jul 01, 2022
During the month, revenues from import of goods was 55% higher and the revenues from domestic transaction (including import of services) are 56% higher than the revenues from these sources during the same month last year.
GST Collection May 2022: Increase of 44% year-on-year - Check CGST, SGST, IGST, cess and state-wise revenue data
Wed, Jun 01, 2022
GST Collection May 2022: Ministry of Finance in a statement said, "This is only the fourth time the monthly GST collection crossed ₹1.40 lakh crore mark since inception of GST and third month at a stretch since March 2022.
GST Collection April 2022: highest ever at Rs 1.68 lakh crore, up 20% YoY
Sun, May 01, 2022
Gross GST collection in April 2022 is all time high, Rs 25,000 crore more than the next highest collection of Rs. 1,42,095 crore, just last month
GST Collection Feb 2022: Rs 1.33 lakh cr gross revenue; 1st time ever cess crosses Rs 10k cr mark
Tue, Mar 01, 2022
GST collection crossed Rs 1.30 lakh crore mark for the 5th time!
Govt to exceed FY22 tax collection target, direct tax mop-up at Rs 6 lakh cr till Oct: Official
Sun, Nov 21, 2021
With the net direct tax collection till October closing in on Rs 6 lakh crore and average monthly GST mop-up likely around Rs 1.15 lakh crore this fiscal, the government's tax collection kitty will surpass budget estimates this financial year, Revenue Secretary Tarun Bajaj said.
GST collections expected to improve, says SBI Ecowrap report
Tue, Aug 03, 2021
Recently, official data showed that net tax collections for Q1FY22 stood at Rs 5.58 lakh crore.
GST June 2021 Collections: Revenue stands at Rs 92,849 crore - Check CGST, SGST and IGST break-up details here
Tue, Jul 06, 2021
During this month, the government has settled Rs 19,286 crore to CGST and Rs 16,939 crore to SGST from IGST as regular settlement.
High GST collection shows resilience of Indian economy: Anurag Thakur
Thu, Jul 01, 2021
Minister of State for Finance and Corporate Affairs Anurag Thakur said that the record high GST collections in the past few months despite the pandemic show India's economic resilience and the sincerity of businesses towards nation building.
Despite lack of business activity, GST collection in April astounding, says Anil Singhvi
Mon, May 03, 2021
In a special edition of the Editor’s Take show, Zee Business Managing Editor Anil Singhvi said that he was surprised about the goods and services tax (GST) collection in April. The central government on Friday reported a record GST revenue collection of Rs 1.41 lakh crore in April 2021.
HIGHEST EVER! Whopping Rs 1,23,902 crore! Gross GST revenue collection March 2021 sets new record
Thu, Apr 01, 2021
GST revenue collection for March 2021 has set a new record!
Covid-19 impact: GST collection drops 14% to Rs 87,422 cr in July
Sun, Aug 02, 2020
The Covid-induced shrinking of economic activity for the past few months continued to have its impact on government's tax collections with revenue under the Goods and Services Tax (GST) falling far below the psychological level of Rs 1 lakh crore to Rs 87,422 crore in July.
GST collection drops 9% to Rs 90,917 cr in June
Wed, Jul 01, 2020
The revenues during the financial year has been impacted due to COVID-19, firstly due to the economic impact of the pandemic and secondly due to the relaxations given by the Government in filing of returns and payment of taxes due to the pandemic. However, figures of past three months show recovery in GST revenues, the statement added.
February GST collection crosses Rs 1 lakh crore mark
Sun, Mar 01, 2020
The government has collected ₹1.05 lakh crore as GST revenue in February, up 8% over the same month last year. This is the fourth consecutive month when the government mopped up GST collection above ₹1 lakh crore mark.
Centre eyes NEW revenue stream to add to GST collection! Looks to raise as much as Rs 46K cr
Wed, Feb 12, 2020
As per the letter, the Principal ADG (systems) on Feb 1, 2020 generated and shared the GSTIN wise list of the registered persons who have not discharged the due interest liability while filing their GSTR 3B returns belatedly. On perusal of said report, it was observed that the interest amounting to Rs 45,996 crores remains unpaid to the government on account of delayed payment of tax.
Zee Exclusive: PMO addresses meeting over ways to boost GST collection
Fri, Oct 11, 2019
Zee Exclusive: PMO addresses meeting over ways to boost GST collection.
GST collection hits record high of ₹1.06 lakh crore in March
Mon, Apr 01, 2019
Finance Ministry said that GST collection in March surged to ₹1.06 trillion—the highest monthly mop-up for 2018-19. Watch full video to know more.
GST collections in February 2019 up 13%
Fri, Mar 01, 2019
Out of the Rs 97,247 crore collected in February 2019, Rs 17,626 crore was collected as Central-GST (CGST), Rs 24,192 crore as State-GST (SGST), Rs 46,953 crore as Integrated-GST (IGST) and Rs 8,476 crore as cess.