GST Revenue Collection 2025. Total CGST, SGST and IGST since July 1, 2017. Goods and Services Tax paid by filing GST returns by Taxpayers.
Component-wise GST Revenue collection. Full size image Lopsided GST Payers The recent analysis on the contribution of various business forms in the total GST collection (Fig. 4) reveals that 62.8% of GST revenue comes from public and private limited companies, accounting for a meager 5.89% of...
There are several expectations from this year’s union budget regarding GST rate reductions, interest rates on home loans, railways, education and farming sector etc. Read more about the Union Budget 2023 expectations here. GST Collections for January 2023 The gross GST revenue collected in the ...
You can get details about the GST revenue and other latest GST news and updates here: Top GST News of the Month. The GSTN released multiple circulars and advisories for taxpayers simplifying GST related issues. We have covered their summaries for your reference here: Summary of GST Circular ...
GST revenue collection for April 2024 is the highest ever recorded, with a total of Rs 2.10 lakh crore. Read PDF 26th April 2024 GSTN has announced an enhanced version of the GST portal that will be launched on 3rd May 2024. The new version aims to improve user experience and ensure eas...
In other words, when GST is payable during the financial year on such revenue (which was recognized earlier), the value of such revenue shall be declared here. C. Unadjusted advances at the end of the Financial Year (+): Value of all advances for which GST has been paid but the same ...
This classification is vital for determining state-wise tax liability and revenue distribution among states, ensuring adherence to destination-based taxation. What is the GST Jurisdiction? GST jurisdiction refers to the geographical area or territory covered by a particular GST authority or office. Each...
Imported Goods: Revenue from goods imports also saw a notable increase, rising by 8.5%. State-wise Breakdown Overall Collection Analysis: After accounting for refunds, February’s GST collection amounted to ₹1.51 lakh crore, indicating a substantial 13.6% growth from the previous year. State Var...
You can get details about the GST revenue and other latest GST news and updates here: Top GST News of the Month. The GSTN released multiple circulars and advisories for taxpayers simplifying GST related issues. We have covered their summaries for your reference here: Summary of GST Circular ...