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GST

  • Economy

    GST collections in May 2025 up 16.4% to Rs 2.01 lakh crore

    by ANI June 2, 2025
    by ANI June 2, 2025

    The gross Goods and Services Tax (GST) collection rose 16.4 per cent to Rs 201,050 crore, according to official data released on Sunday. In May 2024, the collections were to …

  • Economy

    No GST on UPI transactions over Rs 2000, clarifies Ministry of Finance

    by ANI April 19, 2025
    by ANI April 19, 2025

    The claims that the government is considering levying Goods and Services Tax (GST) on UPI transactions over Rs 2,000 are completely false, misleading, and without any basis, said the Ministry …

  • Economy

    GST collections in October increase by 9% to Rs 1.87 lakh crore

    by ANI November 1, 2024
    by ANI November 1, 2024

    Goods and Services Tax (GST) collections in October, in gross terms, were at Rs 1.87 lakh crore, with a yearly jump of 8.9 per cent, according to data from the …

  • Economy

    Industry leaders welcome GST Council’s decision on rate cuts

    by ANI September 10, 2024
    by ANI September 10, 2024

    The industry leaders welcomed the GST council’s decision on rate cuts and policy adjustments in various sectors. In a significant move to provide relief across various sectors, the GST Council, …

  • Economy

    Gadkari asked states to pitch for reducing GST on flex engine vehicles

    by ANI September 2, 2024
    by ANI September 2, 2024

    Union Minister of Road Transport and Highways, Nitin Gadkari, asked states to pitch for reducing GST on flex-engine cars. Gadkari stated that the government needs the support of the states …

  • Economy

    Seven years of GST saw reduced prices of daily consumables

    by ANI July 1, 2024
    by ANI July 1, 2024

    Hair oil, toothpaste, soap; detergents and washing powder; wheat; rice; curd, lassi, buttermilk; wrist watches; TV upto 32 inches; refrigators; washing machines, mobile phones, are among key items on which …

  • Economy

    Seven years of GST has lowered taxes and improved lives of 140 crore Indians: PM

    by ANI June 24, 2024
    by ANI June 24, 2024

    Prime Minister Narendra Modi hailed the seven-year journey of Goods and Services Tax (GST). Quoting a newspaper report, PM tweeted on the social media platform “X” that GST has improved …

  • Economy

    Union Finance Minister Sitharaman chairs pre-budget meeting with finance ministers of states, UTs; GST Council to meet later today

    by ANI June 22, 2024
    by ANI June 22, 2024

    Union Finance Minister Nirmala Sitharaman on Saturday morning chaired a pre-budget meeting with Finance Ministers of all States and Union Territories. The Pre-Budget Meeting is organised by the Ministry of …

  • Economy

    Nirmala Sitharaman-led GST Council to meet on June 22

    by ANI June 13, 2024
    by ANI June 13, 2024

    A meeting of the Goods and Services Tax (GST) Council headed by Union Finance Minister Nirmala Sitharaman is scheduled to be held on June 22 here in the national capital. …

  • Economy

    GST collection clocks robust rise to cross Rs 1.6 lakh crore in June

    by IN Bureau July 1, 2023
    by IN Bureau July 1, 2023

    India’s gross GST revenue collection in June crossed the Rs 1.61 lakh crore mark, registering a 12% increase over the corresponding figure for the same month last year, according to …

  • Economy

    GST officials detect Rs 1,125 crore fraud by fake firms in Gurugram

    by IN Bureau June 23, 2023
    by IN Bureau June 23, 2023

    GST officials have busted a whopping Rs 1,124.66 crore racket in Gurugram involving fraudulent claims of Input Tax Credit (ITC) by 539 fake entities. Acting on a tip-off, The Directorate …

  • Economy

    GST collections soar to record high of Rs 1.87 lakh crore in April

    by IN Bureau May 1, 2023
    by IN Bureau May 1, 2023

    The country’s gross GST revenue collected in the month of April, 2023 soared to a record high of 1.87 lakh crore. This is the first time that GST collections have …

  • Economy

    Direct tax collections post robust growth in 2022-2023

    by IN Bureau April 3, 2023
    by IN Bureau April 3, 2023

    India’s net direct tax collections, which include personal income tax and corporate tax, rose by 18 per cent to Rs 16.61 lakh crore for the 2022-23 financial year that ended …

  • India

    Maharashtra leads in GST collections, Karnataka at 2nd spot

    by IN Bureau April 2, 2023
    by IN Bureau April 2, 2023

    Maharashtra accounted for the largest GST revenue among states during March this year with a collection of Rs 22, 695 crore which was an 11% increase over the same month …

  • Economy

    GST revenue shoots past Rs 1.6 lakh crore in March, 2nd highest ever

    by IN Bureau April 1, 2023
    by IN Bureau April 1, 2023

    The gross GST revenue collected in the month of March 2023 shot up to Rs 1,60,122 crore which is the second highest collection ever, next only to the collection in …

  • Economy

    Rs 17 crore GST fraud detected in Delhi, 2 arrested

    by IN Bureau March 18, 2023
    by IN Bureau March 18, 2023

    The Central Goods and Service Tax (CGST) Delhi South Commissionerate busted a racket in which firms were fraudulently claiming Input Tax Credit to the tune of Rs 17 crore through …

  • Economy

    India’s GST collections cross Rs 1.49 lakh crore in Feb, Maharashtra tops, Karnataka 2nd

    by IN Bureau March 1, 2023
    by IN Bureau March 1, 2023

    India’s total monthly GST revenues during February this year rose to Rs 1,49,577 crore with Maharashtra contributing the highest amount followed by Karnataka and Gujarat in the second and third …

  • Economy

    India’s GST collection in December at Rs 1.49 lakh crore stands 15% higher than last year

    by IN Bureau January 1, 2023
    by IN Bureau January 1, 2023

    India’s gross goods and services tax (GST) revenue in December stood at Rs 1,49,507 crore, of which Rs 26,711 crore comprised Central GST and Rs 33,357 crore made up for …

  • Economy

    Top insurance companies caught in Rs 824 crore GST fraud in Mumbai

    by IN Bureau September 30, 2022
    by IN Bureau September 30, 2022

    The Directorate General of Goods and Services Tax Intelligence (DGGI) has detected an alleged fraud of Rs 824 crore in availing input tax credit (ITC), without providing any underlying supply …

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