GST Collection For May At Rs 1.73 Lakh Crore, Up 10% YoY
or the FY 2024-25 till May, the CGST was Rs 76,255 crore; SGST was Rs 93,804 crore; IGST Rs 1,87,404 crore, and Cess was Rs 25,544 crore.
Jun 01, 2024, 21:06 PM IST
GST collections in July second highest ever, rise 28% year-on-year to Rs 1.49 lakh crore
In June 2022, total GST collections were at Rs 1.44 lakh crore.
Aug 01, 2022, 13:59 PM IST
GST collection remains over Rs 1.17 lakh crore in September, tops Rs 1 lakh crore for 3rd straight month
GST collections for the month of September 2021 remained above the Rs 1-lakh-crore mark for third straight month.
Oct 01, 2021, 12:48 PM IST
GST Council leaves tax rate on COVID-19 vaccines unchanged
The GST Council, which is headed by the Union Finance Minister and comprises representatives of all states and union territories, exempted levy of I-GST on import of Amphotericin-B, which is used for the treatment of black fungus. Currently, vaccines attract 5 percent GST.
May 28, 2021, 21:16 PM IST
These imports will not attract any customs duty or IGST till June 30, check complete list here
This exemption shall apply till 30th June, 2021. It would also covers goods already imported but lying uncleared on the date of its issuance of exemption i.e. May 03.
May 04, 2021, 08:17 AM IST
GST revenue hits all-time high of Rs 1.41 lakh crore in April, goes more than Rs 1 lakh crore for 7th time
The gross GST revenue collected in the month of April 2021 is at a record high of Rs 1,41,384 crore, of which CGST is Rs 27,837 crore, SGST Rs 35,621 crore, IGST Rs 68,481 crore (including Rs 29,599 crore collected on import of goods) and cess Rs 9,445 crore (including Rs 981 crore collected on import of goods).
May 01, 2021, 15:34 PM IST
Govt releases Rs 30,000 cr to states as GST compensation
The total amount of GST compensation released so far this fiscal ending March 31 is Rs 70,000 crore. This is over and above the Rs 1.10 lakh crore released to states under the special borrowing mechanism to compensate them for shortfall in the Goods and Services Tax (GST) collection this financial year.
Mar 30, 2021, 22:39 PM IST
GST revenue collection at all-time high in January 2021, stands at Rs 1.19 lakh crore: Ministry of Finance
The Finance Ministry informed that the total number of GSTR-3B Returns filed for the month of December up to January 31 was recorded at 90 lakhs. The Finance Ministry said that the government has settled Rs 24,531 crore to CGST and Rs 19,371 crore to SGST from IGST as regular settlement.
Feb 01, 2021, 00:07 AM IST
GST collections at record-high of over Rs 1.15 lakh crore in December 2020
The Finance Ministry said that the continued rise in the GST mop-up, which has crossed the psychological Rs 1 lakh crore-mark for the third straight month in the current fiscal, is due to the combined effect of rapid economic recovery post-pandemic and the drive against GST evaders.
Jan 01, 2021, 16:19 PM IST
GST revenue collection for August stands at Rs 86,449 crore: Finance Ministry
The gross GST revenue collected in August 2019 stood at Rs 98,202 crore.
Sep 01, 2020, 20:44 PM IST
GST collections stand at Rs 87,422 crore in July 2020 as against Rs 1,02,082 crore in July 2019
The government has also settled Rs 23,320 crore to CGST and Rs 18,838 crore to SGST from IGST as regular settlement.
Aug 02, 2020, 00:20 AM IST
GST collections dip for second month in November to Rs 80,808 crore
Of the Rs 80,808 crore collected in November, Rs 7,798 crore has been garnered as compensation cess in November -- the fifth month of GST rollout.
Dec 26, 2017, 18:59 PM IST
GST mop-up, compliance unlikely to improve near-term: Report
There are around 9.6 million registered taxpayers under GST, including around 1.5 million of composition dealers, who are required to file taxes quarterly.
Nov 28, 2017, 16:52 PM IST
Apparel exporters flag post-GST issues before Parliamentary panel
The Apparel Export Promotion Council (AEPC) made a presentation to the Parliamentary Standing Committee (Rajya Sabha) on Commerce chaired by Naresh Gujral earlier this week.
Oct 28, 2017, 11:03 AM IST
Exporters to get GST refund in bank a/c filed with customs
For claiming the refunds, exporters have to fill Table 6A while filing GSTR-1 for July, August and September.
Oct 13, 2017, 16:06 PM IST
GST breather for SMEs, exporters to boost economy: Experts
The GST Council on Friday hiked the threshold turnover for the composition scheme that allows SMEs to pay 1-5 percent tax without going through tedious formalities.
Oct 08, 2017, 15:07 PM IST
Exporters' pending GST refunds to be cleared in 2 months: Hasmukh Adhia
A nominal 0.1 per cent tax will be levied on merchant exporter as they themselves do not manufacture.
Oct 08, 2017, 12:03 PM IST
Small exporters exempted from furnishing bank guarantee
The finance ministry in a statement said that small exporters have brought to the notice of the government the difficulties in furnishing bond with requisite bank guarantee.
Sep 29, 2017, 22:11 PM IST
Merchant exporters send SOS to Finance Ministry, seeks timely refunds
Before the GST rollout, exporters had exemptions from Central and state taxes and now they want the same exemption continued against the electronic bond under the GST.
Sep 28, 2017, 18:20 PM IST
Industry, exporters bring up GST concerns at meet with FM Jaitley
The industry representatives also brought up compliance matters on which the finance minister invited suggestions to improve the GST implementation.
Sep 28, 2017, 15:13 PM IST
