July 13, 2024 4:01 PM
The net direct tax collection of the government registered a significant growth of 19.54 per cent in financial year 2024-25, amounting to Rs 5,74,357 crore by July 11, highlighted the data by the income tax department. Last year during the same pe...
May 1, 2024 4:33 PM
Gross Goods and Services Tax (GST) collections surged to a record high of Rs 2.10 lakh crore in the month of April, registering a 12.4 per cent year-on-year growth. The Ministry of Finance attributed the rise in GST collection to a robust uptick in ...
April 1, 2024 7:32 PM
Financial year 2023–24 marked a milestone with total gross GST collection of Rs 20.18 lakh crore, exceeding Rs 20 lakh crore with a 11.7 per cent increase compared to the previous fiscal year. The average monthly collection for this fiscal year, w...
March 2, 2024 1:37 PM
Gross Goods and Services Tax (GST) revenue collected for February 2024 has reached an impressive ₹1,68,337 crore, marking a substantial 12.5% increase compared to the same month in 2023. This surge in revenue can be attributed to a robust 13.9% ris...
February 5, 2024 4:59 PM
The Government today addressed concerns regarding the tax devolution of some states, emphasizing that it is solely based on the recommendations of the Finance Commission. Finance Minister Nirmala Sitharaman clarified that the Centre plays no role in ...
January 2, 2024 9:06 AM
On the first day of the new year, there was uplifting news on the economic front as the Goods and Services Tax (GST) revenue collection witnessed a significant annual increase of 10% in December. According to the Ministry of Finance, the GST revenue ...
November 2, 2023 9:46 AM
Goods and Services Tax (GST) revenue collection jumped by 13% Year over Year (Y-o-Y) to ₹1.72 trillion in October this year. This is the second highest-ever GST revenue collection ever. Notably, this is the second-highest gross GST revenue co...
August 25, 2023 10:55 AM
Central govt is set to launch ‘Mera Bill Mera Adhikaar’ an invoice incentive scheme to encourage the culture of customers asking for invoices and bills for all purchases. Centre in association with state governments, is launching this scheme on...
August 11, 2023 11:16 AM
Union Finance Minister Nirmala Sitharaman will present the Goods and Services Tax (GST) Amendment Bill 2023 in the Lok Sabha. After the passage of this bill, the way will be cleared for the imposition of 28 percent GST on online gaming, casinos, and ...
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