Nirmala Sitharaman

Photo: Bloomberg Quint

India's GST Collection Touches Over Rs 1 Lakh Crore Mark In July

Due to the easing of Covid-19 restrictions and a recovering economy, the Goods and Service Tax (GST) collection crossed over Rs 1 lakh crore in July 2021, said Finance Minister Nirmala Sitharaman. According to the Finance Ministry, CGST of Rs 22,197 crores, SGST of Rs 28,541 crores, IGST of Rs 57,864 crores, and Cess of Rs 7,790 crores were collected in July.

Mon, 02 Aug 2021 - 06:38 PM / by Prateek Chakradhar

Tags: Ministry of Finance, Nirmala Sitharaman, Goods and Services tax, India

Courtesy: Mathrubhumi

gst

Photo: Business Standard

GST Collections Clock All Time High Of Rs 1.41 Trillion In April

Setting a new record in the indirect tax bracket, the Goods and Services Tax (GST) collections stood at an all-time high of Rs 1.41 trillion in April. Experts attributed government's strict compliance along with heavy crackdown of evaders behind the surge. Reportedly, the collections crossed one trillion mark for seventh time in a row while surpassing previous month's collections by 14%. However, experts expressed worries about future… read-more

Sat, 01 May 2021 - 09:00 PM / by Ronit John

Tags: GST, Indirect tax, Goods and Services tax, april, India, tax

Courtesy: Business Standard