As per the comprehensive report released on the Goods and Services Tax portal, the gross monthly GST collection increased by 10% in August 2024, reaching Rs. 1.75 lakh crore. This is up from Rs. 1.59 lakh crore during the same month last year. Top GST News for the month of July 2024 ...
The same rise was noted in all categories- Central GST (CGST), State GST (SGST), Integrated GST (IGST), and cess.In the previous year, the gross GST revenue collected in August 2023 was Rs 1,59,069 crore.In July GST collection was at Rs 182,075 crore. Till now in 2024, the ...
GST collection for December 2023 amounted to INR 1,64,882 crore, exhibiting a notable growth of 10.3% as compared to the previous month. For more detailed information, you can refer to the read press release. The new functionalities related to the filing of online declaration in Annexure V ...
GST Revenue Collection 2023. Total CGST, SGST and IGST since July 1, 2017. Goods and Services Tax paid by filing GST returns by Taxpayers. AUBSP inIndirect Tax Share:WhatsAppTwitterFacebook GST Revenue collection for March 2023. The collection during March and April 2023 will be updated here...
Our blog on Transforming Portfolio Monitoring: Unlocking the Power of Compliance Data discusses this in detail. Also, the last date to file Income Tax Return (ITR) for FY 2023-24 (AY 2024-25) without a late fee is 31st July 2024. Our blog on Income Tax Planning: Strategies for ...
Final Monthly collection figures of GST April 3, 2018 by admin Leave a Comment Ministry of Finance Final Monthly collection figures of GST 02 APR 2018 The revenue collection figures under GST including CGST, SGST, IGST and cess for the period July 2017 - February 2018 paid in the period Ju...
This marked the fourth-highest monthly collection since GST’s inception. Why discuss this? The Goods and Services Tax (GST) system in India has been a pivotal component of the country’s tax structure since its implementation in July 2017. Analyzing the trends and performance of GST revenues ...
As announced by the Finance Minister in the 2022 Budget, the GST rate will increase from 7% to 9% over the following periods: 1 July 2007 to 31 December 2022: 7% 1 January 2023 to 31 December 2023: 8% 1 January 2024 onwards: 9% Am I impacted by the GST rate change? For existing...
This is because such a gap in data collection prevents a comprehensive understanding of the consequences of such measures. Shutdowns over the past eight years, often citing maintenance of “public order”, undermine the principle of proportionality. Digital rights organisations have condemned the ...
The Goods and Services Tax (GST) has been a game-changer for the Indian economy since its introduction in July 2017. By unifying multiple central and state taxes into a single tax system, GST has streamlined tax structures and eliminated the cascading effect, reducing the overall tax burden on...