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GST collection

GST collections grow 9.1% to Rs 1.84 lakh crore in February

GST collections grow 9.1% to Rs 1.84 lakh crore in February

Sat, Mar 01, 2025

GST Collection Data: The increase in GST revenue was driven by a 10.2 per cent surge in domestic collections, which stood at Rs 1.42 lakh crore.

India's economic growth expected to accelerate in 2nd half of 2024-25: Report

India's economic growth expected to accelerate in 2nd half o...

Sat, Jan 11, 2025

The Indian economy is expected to pick up growth momentum in the second half of the current financial year with high-frequency indicators such as digital payments, power demand, service PMI, air passenger traffic, rising toll and GST collections suggesting a recovery is already underway, according to a Bank of Baroda report released on Saturday.

GST collection grows 9% to Rs 1.87 lakh crore in October

GST collection grows 9% to Rs 1.87 lakh crore in October

Sat, Nov 02, 2024

Gross GST collection grew 9 per cent to over Rs 1.87 lakh crore in October on higher revenues from domestic transactions.

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GST collections expected to improve, says SBI Ecowrap report

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

GST June 2021 Collections: Revenue stands at Rs 92,849 crore - Ch...

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

High GST collection shows resilience of Indian economy: Anurag Th...

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

Despite lack of business activity, GST collection in April astoun...

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

HIGHEST EVER! Whopping Rs 1,23,902 crore! Gross GST revenue colle...

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

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

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

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

Centre eyes NEW revenue stream to add to GST collection! Looks to...

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

Zee Exclusive: PMO addresses meeting over ways to boost GST colle...

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

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%

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.

Budget 2019: 6 key things that will decide fate of India's finances in FY19-20

Budget 2019: 6 key things that will decide fate of India's f...

Fri, Feb 01, 2019

Budget 2019: Interim Finance Minister Piyush Goyal will announce interim Union Budget 2019 on the morning of February 01.

Government may miss divestment target by Rs 20K cr: Report

Government may miss divestment target by Rs 20K cr: Report

Fri, Jan 18, 2019

Fiscal deficit will come at 3.5 percent as against the targeted 3.3 percent on the shortfall in disinvestment mop-up and also the dip in the GST collections, domestic rating agency Care Ratings said Friday.

Meeting Fiscal deficit target for FY 2018-19 will be challenge for govt: Experts

Meeting Fiscal deficit target for FY 2018-19 will be challenge fo...

Mon, Jan 14, 2019

Fiscal deficit: Some of the experts have already projected that the fiscal deficit could rise to 3.5 per cent of the GDP, more than the budget estimate of 3.3 per cent of the GDP for the current fiscal. The government's fiscal deficit touched 114.8 per cent of the full-year estimates at the end of November.

What Arun Jaitley said after GST collection hit Rs 1 lakh cr mark

What Arun Jaitley said after GST collection hit Rs 1 lakh cr mark

Fri, Nov 02, 2018

GST revenue had first crossed the landmark figure in April when the collections were Rs 1,03,458 crore. Since then collections have maintained above Rs 90,000 crore mark. The collections stood at Rs 94,016 crore in May, Rs 95,610 crore in June, Rs 96,483 crore in July, Rs 93,960 crore in August and Rs 94,442 crore in September.

Fiscal slippage, LTCG, rural push main focus of Budget 2018

Fiscal slippage, LTCG, rural push main focus of Budget 2018

Thu, Feb 01, 2018

Higher than estimated expenses and lower revenue on account of lower GST collections and no spectrum auctions lead to miss fiscal deficit target

GST promises to be a buoyant source of future revenues: Economic Survey

GST promises to be a buoyant source of future revenues: Economic...

Mon, Jan 29, 2018

For understanding the current revenue performance, the survey explained that it requires all the taxes that the GST replaced from an all-India perspective.

India Inc may get relief in GST transition credit in Budget 2018

India Inc may get relief in GST transition credit in Budget 2018

Tue, Jan 09, 2018

Goods and Service Tax (GST) has been effective in India since July 2017, and many taxpayers, exporters, industries and markets have claimed that they faced difficulties in adapting the regime.

After low GST collection, govt extends GSTR-1 deadline till January 10, 2018

After low GST collection, govt extends GSTR-1 deadline till Janua...

Fri, Dec 29, 2017

GSTR-1, which summarizes all outward supplies by normal and casual registered taxpayers, has total 13 sections and is based on your turnover.

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