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


Photo: Business Standard

March GST Collections Clock All Time High Of Rs 1.23 Lakh Crore

GST collections of March has skyrocketed at an all-time high of Rs 1.23 lakh crore. The FinMin has cited rapid economic recovery, effective tax administration and stringent fake billing measures besides the increase. Of the Rs 1.23 lakh crore, while CGST and SGST accounted for Rs 22,973 crore and Rs 29,329 crore respectively, IGST clocked Rs 62,842 crore. Notably, the collections increased by 27% compared to March 2020 figures.

Thu, 01 Apr 2021 - 07:07 PM / by Ronit John

Tags: GST, India, tax, Indirect tax, CGST, SGST, IGST

Courtesy: The Times Of India